MoU to boost Japanese city investment in Vietnam
(VOV) -Deputy Minister of Planning and Investment Nguyen Van Trung and Japan’s Mayor of Hamamatsu city Yasutomo Suzuki on December 15 signed a memorandum of understanding (MoU) with the aim of enhancing the city’s investment in Vietnam and boosting cooperation between the two countries.
The MoU emphasised the assistance of the two governments in enhancing the cooperation between Vietnam and Hamamatsu city on the basis of maximising the potential and enlisting support from Japan.
The MoU focuses on organizing workshops on investment, exchanging work teams and establishing and operating business support centres.
The two sides will also provide market information and necessary technologies as well as creating favourable conditions for Japanese supporting industry businesses from the city to seek investment opportunities and transfer technology to Vietnamese partners.
Hamamatsu City has great potential to develop supporting industries, especially in automobile, motorcycle, and musical instrument spare parts.