FIA sets up desk to support Japanese businesses
(VOV) -The Japan Desk under the Foreign Investment Agency (FIA) made its debut on November 21 to support Japanese businesses to learn about investment opportunities in Vietnam, said Deputy Minister of Planning and Investment Nguyen Van Trung.
Toma Masaaki, Second Secretary at the Japanese Embassy in Vietnam said in recent times Japanese businesses have heavily invested in Vietnam in such fields as manufacturing, processing, agriculture and technology. He expressed his wish that the establishment of the new section would further promote its role in supporting Japanese businesses in Vietnam.
Do Nhat Hoang, FIA Director also introduced about the section, which he said would update Japanese businesses with useful information, answer queries and provide legal consultancy and investment formalities.
At present, Japan ranks fourth with total newly-registered capital and increased capital of US$1.66 billion, making up 12.1% of the total foreign investment capital in Vietnam.
According to the Ministry of Planning and Investment (MPI), Japanese investment in the country is likely to increase rapidly in the coming time, with a focus on pharmaceuticals, chemicals, steel production, machinery and electronics and transport.