Hanoi aims to lure more FDI from Japan
Hanoi is set to get in more direct investment from Japan through a project signed with Japan’s Forval Corporation on September 23.
Under the project that was outlined for 2013-2015, Hanoi will specify its targets, orientations, central sectors and fields, as well as projects that are likely to meet Japanese investors’ needs.
The city will also examine the situation and trends of Japanese investment in Vietnam and Hanoi in particular to tap plenty of potential and opportunity that remain unexploited and to overcome shortcomings in FDI attraction.
Measures to lure Japanese investment will also be included in the project, such as updating information streamlining administrative procedures and improving access to land resources, workforce, and infrastructure.
A Forval executive said his corporation will consider this project as a model to be multiplied nationwide to help tighten Vietnam – Japan relations.
At present, Japan is one of Hanoi’s strategically important investors as it has poured in 4.5 billion USD, accounting for 21.6 percent of total investments in the capital city.