The conference saw Vietnamese and Japanese firms discussing cooperation opportunities and their potential in the sectors of tourism, auto support industry, logistics, and human resources training. The Hai Phong Investment, Trade and Tourism Promotion Center signed seven memorandums of understanding on cooperation with Japanese companies.

A flyover at the intersection of Le Hong Phong and Nguyen Binh Khiem streets in Hai Phong city. Photo for illustration

Speaking at the event, Japanese Ambassador to Vietnam Umeda Kunio highlighted the growth of ties between Japan and Hai Phong as reflected through several Vietnam – Japan trade pacts on major projects in the city.

Japanese technologies have been used in building the local Tan Vu bridge and port, he added.

Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said Hai Phong has convenient infrastructure and is active in institutional reform, saying they are plus points in attracting investors.

He said he expects 60 participating investors will promote the locality’s favorable business climate to their Japanese peers. 

He stated attracting investment from Japan is a goal set by the Vietnamese government and Hai Phong authorities in particular.

As of February 2018, Japan had 134 FDI projects capitalized at USD 4.31 billion in Hai Phong, ranking first in volume and second in value.

Hai Phong’s tourism-culture cooperation with Japanese localities has also recorded upbeat outcomes, with frequent delegation exchanges, cultural exchanges, trade promotion events, and joint educational programs.

Source: VNA