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
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
