Representatives of the Japan External Trade Organisation (JETRO) worked with leaders of the Mekong Delta province of Hau Giang on October 30 to learn about the local investment environment.

Chairman of the Hau Giang provincial People’s Committee
Le Tien Chau (middle) at the event 

At the working session, Chairman of the provincial People’s Committee Le Tien Chau introduced the province’s natural and socio-economic conditions as well as preferential policies for investors.

Hau Giang has so far licensed 30 foreign-funded projects with combined registered capital of more than 552 million USD. Since the beginning of 2019, it attracted 16 domestic projects worth over 2.68 trillion VND (116 million USD).

Investors in the province enjoy tax and land lease incentives in line with regulations.

Chau said Japanese firms have yet to show their interest in the province and hoped JETRO’s working trip will give a boost to ties between the organisation, Japanese companies and Hau Giang.

He said Hau Giang is calling for investment in agriculture, farm produce processing for export, industry, electronic component production, and IT, stressing that the local authorities are willing to support both domestic and foreign firms.

Chief Representative of JETRO in Ho Chi Minh City Hirai Shinji said useful information collected from the session will be used to produce documents for Japanese enterprises.

Vietnam is among the top three destinations for Japanese investors wanting to expand their markets, he said.