Japanese group seeks investment opportunity in Vietnam

They have so far invested in 2,410 projects in Vietnam with a combined capitalisation of US$36.3 billion.

The information was revealed at a seminar in Hanoi on October 8 by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) and the Japanese IHI Corporation with the aim of promoting images and enhancing cooperation between IHI and Vietnamese partners.

FIA Director Do Nhat Hoang said Japan is a leading economic partner and foreign investor in Vietnam. Japanese businesses’ contributions through direct investment projects and official development assistance (ODA) provided by the Japanese Government and international cooperation agency (JICA) have been paid off. These important supplement sources will help accelerate the completion of Vietnam’s infrastructure system and make its economy more competitive.

IHI CEO Tamotsu Saito affirmed that the group is willing to support Vietnam’s development goals and will actively cooperate with Vietnamese partners in training and technology transfer.

Businesses to the seminar shared experience in investment cooperation and agreed that Vietnam is completing its legal system to further improve the investment and business environment .

Hoang stated that Vietnam has made great efforts to improving the investment environment and the efforts have been acknowledged by foreign investors through the increasing number of FDI projects in the country.

IHI group has taken part in some important projects in Vietnam including Nhat Tan Bridge in Hanoi, Binh Bridge in Haiphong, and the improvement of Hanoi-HCM City railway system.

On the occasion, IHI group presented scholarships to 10 outstanding students of the Hanoi University of Science and Technology.