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Vietnam-Japan forum on investment in IZs

A forum on investment in industrial zones and coastal economic zones with focus on the supporting industry took place in Japan on Sept. 13.
A forum on investment in industrial zones and coastal economic zoneswith focus on the supporting industry took place in Japan on Sept.13.

The forum is part of the Vietnam-Japan Meeting 2012which is taking place in Tokyo and Fukuoka city from September13-18.

In opening the forum, Vietnamese Ambassador toJapan Doan Xuan Hung affirmed that the Vietnam-Japan relationship hasseen fine developments in various fields, ranging from politics anddiplomacy to trade and tourism.

Vietnam is draftingits industrial development strategy in cooperation with Japan ,which, when completed, will open up more opportunities for bilateralinvestment and economic cooperation, said the Vietnamese diplomat.

He called on Japanese investors to pour more investment in Vietnam .

At the forum, representatives from the northern port city of HaiPhong and the coastal provinces of Thua Thien-Hue, Binh Dinh, Phu Yenand Ba Ria-Vung Tau introduced their strengths and potentials forinvestment.

Officials from Vietnam ’s Ministries ofPlanning and Investment, and Industry and Trade presented thenation’s policies and orientations for the development of its supportingindustry.

Japan is always one of Vietnam ’sleading investors. By July 2012, Japan had more than 1,700 investmentprojects in Vietnam totalling 28 billion USD.

Managing Director and Head of the Planning Department of the SumitomoMitsui Banking Corporation (SMBC) Yasuyuki Kawasaki said SMBC helps toorganise the forum with a view to collecting information and seekingpartners for Japanese investors.

Vietnam stillmaintains a relatively high economic growth and remains an attractivedestination for Japanese investors in the context of the global economyfacing many difficulties, he added.

General Director ofthe Hanoi branch of SMBC Noriyuki Watanabe spoke of prospects for thesupporting industry in Vietnam.-VNA

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