Nguyen Hong Linh, Secretary of Dong Nai Provincial Party Committee speaks at the conference. (Photo: NDO)
The information was shared by Nguyen Hong Linh, Secretary of Dong Nai Provincial Party Committee, at the Dong Nai Investment Promotion Conference held in Tokyo on April 24.
The Secretary said: “We wish and expect to soon welcome a wave of investors, especially large Japanese corporations in the fields of modern industries, trade and services, to create major changes in the economic restructuring of Dong Nai.”
Jointly held by the People’s Committee of Dong Nai Province, the Vietnamese Embassy in Japan, Sojitz Corporation, the Japan External Trade Organisation (JETRO), and ASEAN-Japan Centre (AJC), the event attracted the participation of over 200 Japanese businesses in both in-person and virtual forms.
According to Nguyen Thi Hoang, Vice Chairwoman of Dong Nai Provincial People’s Committee, 46 countries and territories are investing in the province with 1,606 projects and a total investment of 34.65 billion USD. Among them, Japan is the second largest investor in terms of number of projects, with 276 projects, and third in terms of registered capital, with 5.22 billion USD.
She said that Japanese-invested projects have made significant contributions to boosting Dong Nai’s socio-economic development, creating jobs, and promoting the development of industry, trade, and services, especially among supporting industries.
Hoang hopes that, through the investment promotion conference, Japanese investors will have a better understanding about the economic situation, policies, and investment environment in the province. This is also an opportunity for leaders of Dong Nai Province to directly listen to opinions of Japanese businesses about the investment and trade cooperation opportunities between the two sides.
Sho Hiromitsu, a JETRO representative, pointed out factors that are considered advantages when investing in Vietnam, including: market size, growth potential, stable socio-political conditions, and the low labour costs and relatively high quality of labour in the ASEAN region.
