The central city of Da Nang always appreciates the contributions of Japanese enterprises to its socio-economic achievements in 30 years attracting foreign direct investment (FDI) into Vietnam.

 

The statement was made by Vice Chairman of the Da NangCity People’s CommitteeHo Ky Minhat an investment promotion conference held recently in Hanoi.

Minh said they also considered Japan as an important strategic partner for concentrating investment attraction.

By the end of November 2018, Da Nang has attracted 670 FDI projects with total registered capital of 2.88 billion USD. Of which, Japan has invested in 163 projects with a total registered capital of more than 675 million USD and is the country with the largest investment projects in Da Nang.

Japan’s investment projects focus on manufacturing and processing industry as well as information technology and communication.

These projects have created jobs for more than 20,000 local workers, providing advanced management models, modern business methods and having a positive impact on domestic enterprises in terms of technology innovation and product quality.

They have also contributed to increasing export turnover and actively contribute to enhancing the image of Da Nang in the region and also in the world.

"Although the contribution of Japanese FDI enterprises to the development of the city is considerable, the attraction of Japanese FDI to Da Nang is still limited,” Minh added.

The city continues to improve infrastructure, preferential investment policies, actively support existing investors, promote administrative reform as well as build a transparent and favorable investment environment.

Da Nang wants to attract Japanese investors from small and medium enterprises to multinational corporations with advanced finance and technology capabilities to learn about investment environment and opportunities of the city in the fields of precision mechanics, automation, information technology, hi-tech in general and high quality services in line with the planning orientation of the central city in the future, according to the vice chairman.

Speaking at the conference, Hironobu Kitagawa, Chief Representative of the Japan External Trade Organisation (JETRO) said Da Nang City was very potential for investment, however, not many Japanese firms knew about the existence of this central city.

JETRO was trying to promote the investment opportunities to Da Nang for Japanese companies to come here and start their business.

"Da Nang City has significant potential for developing some areas such as information technology, food and beverages, and hotel and resorts,” Kitagawa toldVietnam News.

The event was organised by the People’s Committeein cooperation with JETRO. It drew the participation of more than 100 delegates from the associations and investors from Japan.-

Source: VNA

 


Related Topics


Hoa Binh takes actions to connect markets, promote values of agricultural products

After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.

Luong Son district is determined to achieve the targets of double-digit growth

Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.

Issuing the certificates of the product safety in the supply chain for the establishments

Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.

Hoa Binh province reviews state budget revenue in first two months

Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.

Young Thai ethnic woman brings traditional brocade to international market

Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.

Tan Vinh farmers strive to excel in production and business

As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.