Creating a new wave of investment from Japan
(VOV) -Local entrepreneurs are expected to forge enduring links with Japanese businesses during the 2013 Vietnam- Japan Investment Cooperation Economic Forum, scheduled for August 20–22 in Hanoi.
The event—organized by the Ministry of Construction, the Japanese Embassy in Vietnam, JICA, and JETRO—will coincide with others hosted by FDI VIVINA and the Vietnam Real Estate Association.
Hopes for new Japanese investment
At the forum, local businesses, organizations and administration representatives exchange information and discuss plans for cooperation with Japanese partners in the coming period.
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The focus of discussion will be on how to create a new wave of Japanese investment in key areas such as infrastructure, real estate, and support industry.
Vietnamese officials will introduce a host of preferential policies for Japanese businesses to invest in localities across the country.
Provincial and municipal Vietnamese leaders will be able to pitch their localities’ particular advantages to Japanese organizations, enterprises, and investors face to face.
Renewing procedures for FDI attraction
The amount of FDI in Vietnam has declined in recent years, as seen in terms of newly-registered capital that already by 26 percent in 2011 compared to the previous year’s figure.
Over the past three decades FDI loans have proved very useful for Vietnam in the current process of national industrialisation and modernisation.
Now it’s high time to improve the local investment environment, but not all authorities are fully aware of the need to attract FDI.
At a recent Cabinet meeting, Prime Minister Nguyen Tan Dung made it clear that Vietnam would lag far behind other competitive markets in the region if it failed to improve procedures for FDI attraction.