Da Nang looks for Japanese investors
Thứ sáu, 29/08/2014
The Da Nang People’s Committee has organized investment promotion trips to Japan since the end of this July. With proper directions and solutions Da Nang expected to receive new investment flows from Japan in the near future.
The Da Nang People’s Committee has organized investment promotion trips to Japan since the end of this July. With proper directions and solutions Da Nang expected to receive new investment flows from Japan in the near future.
Da Nang’s local authorities have always provided strong support and the best conditions for domestic and foreign investors including Japan which is a leading strategic partner, Da Nang Party Deputy Secretary Vo Cong Tri said at a Da Nang Investment Promotion workshop held recently in Kyushu, Japan.
He also said that Da Nang currently focuses on high-tech industries, information technology, human resources and environmental protection including a 1,500ha high tech park. The city is building a 341ha information technology zone and needs capital for construction of an industrial park for Vietnamese and Japanese medium to small-sized enterprises and a resort for the elderly that meets Japanese standards.
In recent years cooperation between Da Nang and Japanese localities such as Kawasaki, Sakai, Mitsuke, Nagasaki, Yokohama and Fukuoka has developed, and a variety of economic, cultural and tourism cooperation programs have been regularly launched. Japanese direct investment in the city has increased. Since 2009 Da Nang has sent its officials to Japan to join exchange and training programs in Nagasaki.
Da Nang Investment Promotion Center Director Lam Quang Minh said that the city attracted all 36 foreign direct investment (FDI) projects in the central region in 2013. Although the amount of FDI capital is small, the number of FDI projects in Da Nang accounts for a vast majority of all projects in the central region as the city has paid much attention to Japanese investors.
More than 110 Japanese companies and representative offices are currently operating in Da Nang with total capital of US$470 million providing more than 25,000 stable jobs for local people and focusing on areas such as electronic accessories, software processing, export pulp, agricultural products and seafood.
Many Japanese investors said that they intentionally chose to invest in Da Nang. Japan Information Technology Service Industry Association (JISA) Deputy Chairman Takashi Igarashi said that JISA chose Da Nang as its third destination in Vietnam in 2013 following Hanoi and Ho Chi Minh City. With the city’s existing policies he believed that more Japanese investors would come to invest in the city this year and in future years. “Da Nang currently has competitive advantages in terms of human resources, the very good relations between Vietnam and Japan and local investment incentives. For this reason, it will attract many Japanese businesses,” said a representative of the Mabuchi Motor Da Nang Co., Ltd./.
He also said that Da Nang currently focuses on high-tech industries, information technology, human resources and environmental protection including a 1,500ha high tech park. The city is building a 341ha information technology zone and needs capital for construction of an industrial park for Vietnamese and Japanese medium to small-sized enterprises and a resort for the elderly that meets Japanese standards.
In recent years cooperation between Da Nang and Japanese localities such as Kawasaki, Sakai, Mitsuke, Nagasaki, Yokohama and Fukuoka has developed, and a variety of economic, cultural and tourism cooperation programs have been regularly launched. Japanese direct investment in the city has increased. Since 2009 Da Nang has sent its officials to Japan to join exchange and training programs in Nagasaki.
Da Nang Investment Promotion Center Director Lam Quang Minh said that the city attracted all 36 foreign direct investment (FDI) projects in the central region in 2013. Although the amount of FDI capital is small, the number of FDI projects in Da Nang accounts for a vast majority of all projects in the central region as the city has paid much attention to Japanese investors.
More than 110 Japanese companies and representative offices are currently operating in Da Nang with total capital of US$470 million providing more than 25,000 stable jobs for local people and focusing on areas such as electronic accessories, software processing, export pulp, agricultural products and seafood.
Many Japanese investors said that they intentionally chose to invest in Da Nang. Japan Information Technology Service Industry Association (JISA) Deputy Chairman Takashi Igarashi said that JISA chose Da Nang as its third destination in Vietnam in 2013 following Hanoi and Ho Chi Minh City. With the city’s existing policies he believed that more Japanese investors would come to invest in the city this year and in future years. “Da Nang currently has competitive advantages in terms of human resources, the very good relations between Vietnam and Japan and local investment incentives. For this reason, it will attract many Japanese businesses,” said a representative of the Mabuchi Motor Da Nang Co., Ltd./.
| A direct air route between Da Nang and Narita in Japan was launched on July 16, 2014, making it possible for Japanese visitors to take just a five hour flight to Da Nang to seek opportunities in the city. |