Conference connecting Thanh Hoa - Japan What do Japanese businesses say about Thanh Hoa

DNHN - In preparation for the 50th anniversary of the establishment of diplomatic relations between Vietnam and Japan, the People's Committee of Thanh Hoa province presided over and coordinated with the Ministry of Foreign Affairs and the Japanese Embassy

The province of Thanh Hoa has close ties with the Japanese side. Japan's direct investment in the Nghi Son 2 power plant project has reached VND 2.2 trillion, and this project is expected to meet Vietnam's electricity demand once it is operational. commercial practise.

With the theme "Thanh Hoa - Japan: Promoting Cooperation, Rapid and Sustainable Development", this conference is an important Thanh Hoa province political event. This is a chance for domestic and international businesses and investors to investigate investment opportunities, investment cooperation, and business opportunities in the province.

Japanese businesses are interested in Thanh Hoa's strengths.

According to Japanese investors, the province of Thanh Hoa has met several requirements to attract FDI enterprises in general and Japanese enterprises in particular.

Mr Mikijun, Idemitsu Kosan Group's Project Manager in Vietnam, stated that, to date, the company has implemented eight mining projects employing a total of 1,700 people. From gas mining in the south to projects involving the trading of petroleum products, the processing and trading of lubricant products, the production of wood pellet fuel and the construction of solar power plants... The project with the largest scale must be the Thanh Hoa province Nghi Son petrochemical refinery project. This project is executed in the Nghi Son Economic Zone, with commercial operations commencing in 2018. Approximately 1300 employees are currently operating this system. We received a great deal of support and assistance from government agencies in Vietnam and the provincial government of Thanh Hoa during the completion of this massive factory project.

According to many investors, Japanese businesses choose Thanh Hoa as an investment destination because Thanh Hoa has an abundant labour source, a developed transport infrastructure system, and most notably a motorway system. Furthermore, Thanh Hoa has established the Japan Support Department (JAPAN DESK) and a special economic zone, making it an attractive investment destination. They admire the efforts of the provincial government of Thanh to attract investment to the province.

At the conference, the Japanese ambassador emphasised: "I believe Japanese businesses will continue to pay close attention to Thanh Hoa province shortly. A typical example is the retail group AEON, which plans to begin construction on a shopping centre this year, with an anticipated opening date of 2025. On this occasion, I hope to receive a great deal of assistance and support from the provincial government. I also hope that the successful implementation of this project will create favourable conditions for investment solicitation in the province."

In many fields, Japan is Thanh Hoa's most important partner.

There are currently 17 Japanese-invested projects in Thanh Hoa province, with a total registered capital of approximately USD 6.6 billion. This represents 45.7% of the total FDI investment capital, making Japan the country with the most investment capital. The highest level of FDI investment capital is in Thanh Hoa province, where several large-scale projects have been implemented, becoming the nucleus and generating spillover effects throughout the province, the North Central region, and the South Northern Delta.

Additionally, the province of Thanh Hoa has 13,346 trainees who will work in Japanese factories in the textile industry, industrial sewing, electronic assembly, mechanical processing, processing, construction, agriculture, and cashew nursing.

In the future, Thanh Hoa province hopes to strengthen its comprehensive cooperation with Japanese partners in smart city construction, e-government, education, health care, human resource development, and the market.

Mr Nguyen Tien Hieu, Chairman of the Management Board of the Nghi Son Economic Zone and Industrial Parks in Thanh Hoa province, suggested that the Japanese Embassy in Vietnam organise the promotion on this momentous occasion. Vietnam - Japan Friendship Association is interested in introducing Japanese businesses so that we may attract investment. Gleichzeitig schlage ich vor, dass Japanese investors who have already invested in Nghi Son EZ and industrial zones in Thanh Hoa province continue to place their trust and expand their investments there. We are committed to carrying out our responsibilities in the law, creating all favourable conditions for investors to implement and put their projects into operation.

At the Thanh Hoa - Japan Connecting Conference in 2023, several speeches and presentations were given by representatives of Japanese agencies, organisations, and businesses; the Foreign Office; the Vietnam National Administration of Tourism; provincial leaders of Thanh Hoa; and representatives of professional agencies and local businesses. The conference provided an overview of the current socio-economic situation of Thanh Hoa province, as well as the vibrant cooperation activities in many fields between the locality and Japanese partners, the potential and opportunities to promote further cooperation between the parties in the coming time, and the desire to rise, affirm the position, and deepen Thanh Hoa province's international integration with Japan, other countries in the region, and international friends.

Minh Hien