Long An Province hosts a Conference on Investment Promotion in Tokyo, Japan

DNHN - Continuing the series of activities of the Long An Provincial Delegation in Japan, the Investment Promotion Conference of Long An province was held this afternoon (8 September) in Tokyo with the participation of a large number of businesses, including major Japanese investors in urban development, real estate, industry, and labour training.

Speaking to welcome the Conference, Mr Nguyen Thanh Hai - Permanent Deputy Secretary of the Long An Provincial Party Committee affirmed that the current friendship relationship between Vietnam and Japan is a result of the efforts and goodwill of the two Governments throughout 50 years. That result demonstrates the political determination and new approach of the two countries' senior leaders in enhancing bilateral cooperation, comprehensive development and deepening the relationship between the two countries.

Up to now, Japan's FDI inflows have also been present in 57/63 provinces and cities of Vietnam; invested in 4,897 projects with a total capital of over 65.6 billion USD. In 2021 alone, Japan ranked third among investment partners in Vietnam with a registered capital of nearly 3.9 billion USD, an increase of 64.6% compared to 2020.

Attending and speaking at the Conference, Ambassador Vu Hong Nam praised the Delegation of Long An province for having meticulously prepared for the Conference; Although Long An has currently received 130 projects from Japan, Long An province has been extremely proactive in organizing promotion, connecting investment - trade, connecting businesses and markets to reach and promote comprehensive socio-economic cooperation activities. In his capacity, the Ambassador will continue to encourage investment cooperation activities, seize new possibilities, and promote and build a mutually beneficial economic relationship between Vietnam and Japan, particularly in Long An province.

During meetings and exchanges with the Delegation, the majority of Japanese corporations and large enterprises participating in the Conference rated Vietnam as a secure and attractive investment destination, and Long An as one of the most attractive investment destinations among Japanese businessmen's top priority locations. According to JETRO's poll on the present position of Japanese companies investing overseas, up to 55.3% of Japanese companies surveyed had business expansion plans in Vietnam for the near future. In the following one to two years, a growth of 8.5% compared to 2021. Vietnam's rate is the highest in the ASEAN area.

Vice Chairman of the Provincial People's Committee Nguyen Minh Lam emphasized the accomplishments of Long An province in recent years, stating: With the spirit of innovation, creativity, maximum opening, connection, and effective use of resources, Long An province has had a breakthrough development in the past 10 years; The economy is continuously growing at a high and stable rate, and the economic scale is ranked 12th out of 63 provinces and cities in Vietnam.

During the conference, Vice Chairman of the Provincial People's Committee Nguyen Minh Lam presented an outline of Long An's investment potentials, advantages, investment possibilities, policies, and orientations. Long An always prioritizes investment attraction, and is prepared to create the most favourable conditions for Japanese investors to invest in industries, fields, and areas in which the province has outstanding competitiveness and differentiating potential, such as modern general services; processing, manufacturing, high-tech, intelligent technology; marine economy, logistics, seaports and seaport services; ecological agriculture; and sectors in which the province has a competitive advantage.

In addition, the team listened to the interchange of ideas, worries, and difficulties as well as direct engagement with Japanese investors and businesses; answered and clarified the concerns of businesses in the process of doing research and investing in the province.

Mr Standing Deputy Secretary of the Provincial Party Committee - Chairman of the Conference stated at the closing ceremony that Long An is committed to accompanying, supporting, and creating maximum conditions for investors and businesses to carry out the procedures to deploy and operate the project swiftly and smoothly; well prepare necessary conditions for a clean land fund with synchronous infrastructure system; and prepare human resources, particularly high-quality human resources.

At the conference, in the presence of provincial leaders, the Ambassador Extraordinary and Plenipotentiary and Plenipotentiary of Vietnam to Japan, and the President of JETRO, three memorandums of understanding and four cooperation contracts were signed and opened a new chapter in the parties' cooperation process.

PL