HCM City seeks stronger cooperation with Japanese firms
Ho Chi Minh City wants to enhance cooperation with Japanese businesses by optimising potential and advantages, thus benefiting both sides, Vice Chairman of the municipal People’s Committee Duong Anh Duc said on October 24.
At a reception for a visiting delegation of Japanese enterprises, Duc stressed that HCM City always wishes to be a trusted destination for Japanese businesses and it is interested in fostering relations with Japanese localities and partners through delegation exchanges, agreements, and projects.
He described the trip by the Japanese delegation as joint efforts in strengthening the Vietnam-Japan cooperation and friendship intensively and effectively.
HCM City needs to learn experience of foreign partners, especially traditional ones like Japan, and wants to cooperate with and receive investments from them during its development, he said.
The official pledged that the city will coordinate and create favourable conditions for Japanese firms to run long-term business there, especially in such priority areas as high-tech, and knowledge-intensive and high value-added products and services.
Tran Van Minh, CEO of Hybrid Technologies - a Japanese-Vietnamese joint venture, who led the delegation, emphasised that Japanese enterprises always highly value the development potential of Vietnam, particularly HCM City.
The working trip, which is made on the occasion of the 50th anniversary of the bilateral diplomatic ties, aims to seek investment promotion opportunities for Japanese businesses that have never operated in the Southeast Asian nation, expand the operations of others.
The 13 participating Japanese firms, specialising in real estate, hotel, education-training, software, digital transformation consultation, internet services, IT, and energy transition, called on local authorities to facilitate their investment and cooperation in the city.
