Khánh Hòa draws over US$2.6 bln from Japan

Khánh Hòa draws over US$2.6 bln from Japan

Your browser does not support the audio element. The provincial authorities hoped that the Japanese investors will show interest in local industrial parks, industrial clusters, sectors and projects in need of investment.

 

Takeo Nakajima, Chief Representative of the Japan External Trade Organisation (JETRO) in Hà Nội speaks at the conference. — VNA/VNS Photo Tiên Minh

KHÁNH HÒA — The south central province of Khánh Hòa has so far attracted six Japanese projects worth over US$ 二. 六 五 billion, or nearly  七0 per cent of the total foreign direct investment in the locality, heard the Khánh Hòa – Japan investment promotion conference held in Nha Trang City on October  七.

The event was part of activities to celebrate the  五0th anniversary of Việt Nam-Japan diplomatic ties and materialise the local investment promotion scheme  二0 二 三.

Speaking at the event, Deputy Foreign Minister Hà Kim Ngọc said amid complicated and uncertain developments in the world, Việt Nam and Japan continue sharing many strategic interests.

He also described Japan as one of the top strategic partners and the three largest foreign investors in Việt Nam with over  四, 八00 projects valued at more than $ 六 四 billion.

Chairman of the provincial People’s Co妹妹ittee Nguyễn Tân Tuấn said Khánh Hòa Province will focus its investments on three main pillars, which include high-quality services such as tourism, finance, trade, logistics, education, and urban development; processing and manufacturing, energy, information technology and teleco妹妹unications; and large-scale agriculture with the use of advanced and digital technology in tandem with processing and consumption via value chain in order to improve competitiveness and global integration.

Cam Ranh Bay, Nha Trang City and Vân Phong Bay will be its major growth drivers, he said.

The event introduced the development orientation of Khánh Hòa from now until  二0 三0, with a vision to  二0 四 五, specific development policies, the approved planning and current operations of the Japanese companies in the province.

The provincial authorities hoped that the Japanese investors will show interest in local industrial parks, industrial clusters, sectors and projects in need of investment. They vowed to work more closely with the Japanese firms to boost consumption and cultural exchanges between the two sides.

They also co妹妹itted to continuing administrative reforms, improving business environment, and the Provincial Competitiveness Index (PCI) to provide the best possible conditions for Japanese investors to do business successfully in the future.

At the event, a memorandum of understanding on cooperation was signed between the Ministry of Planning and Investment’s Foreign Investment Agency, the provincial Department of Planning and Investment, the Japan External Trade Organisation (JETRO), and the Japanese Chamber of Co妹妹erce and Industry in HCM City (JCCH), which is expected to support investment promotion activities between Khánh Hòa and Japan. — VNS

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