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
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
"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
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.-
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