Japan wants to establish a financial firm in HCM City

Ho Chi Minh City and Japan should set up a finance joint venture with assistance from the Japan Bank for International Cooperation (JBIC).

The suggestion was made by Tadashi Maeda, managing director of Tokyo-based Global Infrastructure Finance Group, at a meeting with leaders of HCM City People’s Committee on July 12.

Tadashi Maeda said the joint venture will provide investment consultancy services and call on international investors to invest in the city.

The two sides discussed JBIC’s incentive loans for infrastructure projects in HCM City and agreed to speed up the implementation of ongoing projects.

HCM City Mayor Le Hoang Quan expressed thanks for Japan’s valuable assistance, saying it has greatly contributed to the development of Vietnam in general and HCM City in particular.