Japan pours more than US$2.6 billion into six projects in Khanh Hoa
VOV.VN - The southcentral pronvince of Khanh Hoa so far attracted six Japanese projects worth over US$2.65 billion, or nearly 70% of the total foreign direct investment in the locality, heard the Khanh Hoa – Japan investment promotion conference held on October 7 in Nha Trang city.
The event was part of activities held to celebrate the 50th anniversary of Vietnam-Japan diplomatic ties and to materialise the local investment promotion scheme for the year.
In his speech, Deputy Foreign Minister Ha Kim Ngoc said that amid complicated and uncertain developments taking place around the world, both Vietnam and Japan continue sharing many strategic interests.
He also highlighted the Far East nation as one of the top strategic partners and the three largest foreign investors in the Vietnamese market with over 4,800 projects valued at more than US$64 billion.
Nguyen Tan Tuan, chairman of the provincial People’s Committee, said Khanh Hoa province will focus its investments on three main pillars, which include high-quality services such as tourism, finance, trade, logistics, education, and urban development; processing and manufacturing, energy, information technology and telecommunications; and large-scale agriculture with the use of advanced and digital technology in tandem with processing and consumption via value chain in order to improve competitiveness and global integration.
In line with this, Cam Ranh Bay, Nha Trang city, and Van Phong Bay will be its major growth drivers, he said.
The event introduced the development orientation of Khanh Hoa from now until 2030, with a vision ahead to 2045, specific development policies, along with the approved planning and current operations of Japanese companies in the province.
The provincial authorities therefore hope that the Japanese financiers will show interest in local industrial parks, industrial clusters, sectors, and projects in need of investment. They vowed to work more closely alongside these firms to boost consumption and cultural exchanges between the two sides.
They also pledged to continue administrative reforms, ameliorate business environment, and the Provincial Competitiveness Index (PCI) to provide the best possible conditions for Japanese investors to do business successfully in the future.
At the event, a memorandum of understanding on co-operation was signed between the Ministry of Planning and Investment’s Foreign Investment Agency, the provincial Department of Planning and Investment, the Japan External Trade Organisation (JETRO), and the Japanese Chamber of Commerce and Industry in Ho Chi Minh City (JCCH), which is expected to support further investment promotion activities between Khanh Hoa and Japan.
