The conference which was entitled “Hai Phong city – North Vietnam’s new manufacturing centre” was jointly organized by the Foreign Investment Agency (FIA) under Vietnam’s Ministry of Industry and Trade, the Board of Investment of Thailand (BOI) and the Japan External Trade Organisation (Jetro).
Representatives of northern Hai Phong city called on Japanese and Thai enterprises to boost investment in the city and affirmed the city always creates favourable conditions for investors. The city has attracted 13.63 billion USD in foreign direct investment in 480 projects. So far this year, it lured around 3 billion USD.
Hai Phong city has the biggest sea port in the north of Vietnam. It is well connected with Hanoi and is a pillar in the northern economic development triangle.
According to Dang Xuan Quang, deputy head of the FIA, Vietnam’s signing of a Free Trade Agreement with the European Union and its participation in the Trans-Pacific Partnership negotiations are reasons to draw more investments from foreign businesses, including those from Japan and Thailand.
Deputy Chairman of Jetro Haruhiko Ozasa spoke highly of the dynamic, stable investment environment in Vietnam and said many Japanese enterprises expressed their interest in investing in Vietnam.
Representatives of ministries and localities from Vietnam, Japan and Thailand answered questions from enterprises on investment procedures and policies in Vietnam.
Vietnam has attracted 23.52 billion USD in FDI in 2015 and 16.43 billion USD in nine months of 2016, reported the Ministry of Planning and Investment.
Japan has 3,212 operating projects with a combined capital of 42.03 billion USD, being the second largest investor in Vietnam, while Thailand has invested 7.73 billion USD in 443 projects in Vietnam, making it the 10th biggest investor.
