Japanese prefecture seeks investment opportunities in Vinh Phuc
A delegation from Japan’s Tochigi Prefecture led by Yoko Ishii, Director of the Department of Industry, Labour, and Tourism, visited the northern province of Vinh Phuc on November 19 to explore investment opportunities.
Welcoming the delegation, Vice Chairwoman of the provincial People’s Committee Phung Thi Kim Nga briefed them on the province’s socioeconomic development situation as well as its potential and advantages.
Nga expressed her hope that they will help promote Vinh Phuc's tourism to businesses and people of Japan, and act as a bridge to introduce Japanese businesses and investors to explore investment opportunities in the province.
Additionally, she highlighted the need for continued close cooperation in education and training, and exchange and collaboration in technology transfer, as well as investment and business promotion in the agricultural sector, especially in clean agriculture.
Yoko Ishii emphasised that businesses from the Tochigi Prefecture want to better understand Vinh Phuc’s investment environment and explore its human resources for future collaboration opportunities.
She suggested the two localities organise delegation exchanges and meetings annually to establish a long-lasting, strong relationship and ensure effective cooperation across various fields.
On this occasion, a seminar connecting the enterprises from each country was held. Representatives from Tochigi businesses proposed Vinh Phuc create favourable conditions for Japanese companies to invest in clean agriculture, and the production of bio-based fertilisers, plastic products, and materials and components for the automotive industry.
Japan now ranks second in terms of the number of investment projects in Vinh Phu, with 75 projects totalling over US$1.9 billion. To date, the Vietnamese province has established cooperative relationships with Japan’s Akita and Tochigi prefectures.
