Quang Nam attracts more investment from Japan

A conference was held in Tokyo, Japan, on May 16 to promote investment in the central province of Quang Nam.

The event was jointly hosted by the Quang Nam Provincial People’s Committee, the Ministry of Planning and Investment (MPI), the Vietnamese Embassy in Japan and the ASEAN-Japan Centre.

MPI Deputy Minister Nguyen Van Trung said that as one of the most important investment partners of Vietnam, Japan has invested in 1,700 projects with a total registered capital of US$26 billion across the country.

These projects have helped Vietnamese workers improve their management skills through the use of modern technology and know how to solve social problems in localities.

Trung said that the Vietnamese government will support Japanese businesses in ironing out snags in investment, and urged them to focus on high-tech and energy saving projects.

Ho Minh Tuan, a Vietnamese Embassy official, said Japan’s foreign direct investment (FDI) in Vietnam reached US$2.3 billion in the first quarter of this year, accounting for 88.8 percent of the total amount of funding provided by 26 other countries to Vietnam.

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He confirmed that Japanese businesses are always welcome to invest in Quang Nam, especially in Chu Lai Open Economic Zone.

Toyoharu Tsutsui, Chairman of the Japan-Vietnam Cultural Association, highlighted Quang Nam’s potential for developing tourism in Hoi An ancient town and My Son sanctuary, which have been recognized as World Cultural Heritage Sites by UNESCO.

Hoi An has long established its relations with Japan since Japanese merchants came to the town, turning it into a buslting trading port in the 16th and 17th centuries, which were marked with a unique Japanese-style bridge.

He asked Japanese businesses to learn more about the history and culture of Quang Nam to gain more success while investing in the province.