Chairman of Vinh Phuc Provincial People's Committee Tran Duy Dong welcomes Japanese Ambassador Ito Naoki on his working visit to the province

During the meeting, Japanese Ambassador to Vietnam Ito Naoki praised Vinh Phuc's investment environment and the province's support for Japanese enterprises. Ambassador Ito suggested that Vinh Phuc continue improving administrative procedures, ensure reliable electricity supply for Japanese businesses, and expedite the development of the Vinabeef Tam Dao livestock and beef processing complex project, a joint venture between Japan's Sojitz Corporation, Vietnam Dairy Products JSC and Vietnam Livestock Corporation JSC. He also recommended strengthening cooperation between Vinh Phuc and Japanese localities and expressed support for the Japanese Sumitomo Group's investment in the Binh Xuyen-Yen Lac II Industrial Park.

Mr. Tran Duy Dong expressed that Japanese enterprises have been investors in the province since its early days of re-establishment. He highlighted their significant contributions to import-export activities, budget revenue, job creation and local economic development. He reaffirmed Vinh Phuc's commitment to supporting Japanese enterprises in their investment and business endeavors, ensuring their success in the province.

Mr. Tran Duy Dong assured that Vinh Phuc would provide optimal conditions for addressing issues related to electricity supply for production, flood prevention and the reform of administrative procedures. He emphasized the importance of implementing the Vinabeef Tam Dao complex, considering it a key initiative to mark the 18th Provincial Party Congress.

 Mr. Tran Duy Dong approved in principle Sumitomo Group’s investment in the Binh Xuyen-Yen Lac II Industrial Park project. He also urged the Japanese Embassy to engage directly with Toyota Vietnam and Honda Vietnam on a roadmap for transitioning vehicle production to hybrid engines, aligning with the government’s green production policies. He urged the Japanese Embassy to attract more investors to Vinh Phuc, focusing on high-tech industries, electronic components, and semiconductors. He also sought support for training human resources in the digital and circular economies and called for enhanced collaboration with Vinh Phuc’s sister cities in Japan, Tochigi and Akita.

Currently, Japan ranks second in both the number of investment projects and registered capital in Vinh Phuc, with 75 projects and a total investment of over US$1.9 billion. The majority of Japan's investment projects in the province have been successful and are continuously expanding their production scale.