Tokyo (VNA) - More than 120 Japanese businesses attended a workshop in♌ Tokyo on November 12 to study investment opportunities in Vietnam’s central Da Nang city.
Vietnamese Ambassador to Japan Nguyen Quoc Cuong told the businesses that Da Nang has topped the country’s provincial competitiveness and information-communication technology index for years.
He pledged that the Vietnamese Embassy in Japan will provide across-the-board assistance to the Japanese businesses.
Former Japanese Ambassador to Vietnam cum Director of Vietnam Economic Research Institute, Yushita Hiroyuki, raised the fact that Japanese businesses had once concentrated more on the northern and southern parts of Vietnam than the central region.
However, in recent years, Japanese companies are keen to explore the investment climate in the central region, especially Da Nang – which lies at the end of the East-West economic corridor connecting Myanmar, Thailand, Laos with the East Sea.
With its favourable geographical position, Da Nang could serve as a logistics destination and effectively support Vietnamese northern and southern parts alike, he said.
The city also is a magnet for tourists as it is blessed with world heritage sites and beautiful beaches, he added.
Chairman of the municipal People’s Committee Huynh Duc Tho committed to creating all favourable conditions for Japanese investors to study trade opportunities in the city.
During the workshop, Japanese businesses were introduced to the city’s urban and socio-economic development orientations and hi-tech parks as well as seaports and airports, and the wage policy for workers and land lease.
Earlier, Tho worked with President of the H.I.S Group Hirabayashi Akira who said Da Nang will become a direct rival to China’s Hainan island, Indonesia’s Bali, and even Japan’s Okinawa in the near future.
The President revealed that his group plans to invest in 10 hotels in Vietnam and hopes that Da Nang will play a key role in the plan.
He pledged to push ahead with the launching of the Osaka – Da Nang direct air route and opening more charter flights between Da Nang and other Japanese localities.-VNA
Named as one of the top five foreign investors in the central city of Da Nang, Japan now has more than 90 businesses and representative offices operating in the city with investment exceeding 370 million USD, equivalent to 30 percent of the locality’s total inflow of foreign investment.
Local government in the central city of Da Nang is calling for companies to invest in a resort project exclusively for elderly Japanese, the Saigon Times Daily reported.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
My Khe beach in Da Nang city (Photo: VNA)
