The central province of Ha Tinh called for more Japanese investment inflows during a meeting in Hanoi on June 18.
The meeting, attracting local authorities, agencies and over 50 Japanese enterprises, afforded them an opportunity to learn more about local strengths and incentives if they decide to invest in the province.
In recent years, Ha Tinh has attracted a huge volume of foreign investments due to its dedication to a transparent business environment, with a focus on simplified administrative procedures.
Furthermore, it boasts a contingent of qualified and young workforce and an convenient transport infrastructure. The province currently ranks sixth in terms of foreign investment attraction.
Over 2,000 Japanese businesses are currently operating in Vietnam, mostly in the seven biggest cities and provinces nationwide.
Japan is Vietnam's leading source of foreign direct investment, with 2,029 underway projects worth US$33.06 billion.
According to the provincial Department of Investment and Planning, the province has licensed 361 projects valued at more than VND425 trillion (US$20.2 billion), 306 of them worth US$3.6 billion are registered domestically and the remaining are FDI projects worth US$16.5 billion.
At present, more than 10 countries and territories operate businesses in Ha Tinh, including Japan, the Republic of Korea, Brunei, Australia and the US.