Ho Chi Minh City creates favourable conditions for Japanese businesses

Tuesday, 10/12/2024 16:24
On December 9, the People’s Committee of Ho Chi Minh City held a conference to engage in discussions with Japanese businesses operating in the city.
Mr. Ono Masuo, Consul General to Japan in Ho Chi Minh City, delivers remarks at the conference (Photo: PANO)

Currently, Japan ranks third among 127 countries and territories investing in Ho Chi Minh City, with nearly 1,800 active projects and a total investment of over USD5.8 billion.

At the conference, Japanese enterprises shared and discussed key issues related to the environment, legal framework, labor, taxation and customs with relevant city authorities. Representatives from Japanese businesses expressed their willingness to collaborate with the city on initiatives for green growth and transformation.

Mr. Ono Masuo, Consul General of Japan to Ho Chi Minh City, emphasized Japan’s interest in leveraging opportunities for close cooperation with Vietnam and Ho Chi Minh City across various fields, including people-to-people exchanges and the development of high-quality human resources. The Japanese Consulate General reaffirmed its commitment to supporting dialogues between Japanese businesses and city authorities to strengthen cooperation and investment.

During the event, Ho Chi Minh City introduced its strategic development directions, inviting Japanese companies to invest in high-tech industries and the construction of a financial hub. The city plans to develop a high-tech industrial center focused on four key industries, five emerging high-tech industries and six potential support service sectors.

Mr. Vo Van Hoan, Vice Chairman of the Ho Chi Minh City People’s Committee, stressed that the city is committed to accompanying Japanese businesses, resolving challenges, and meeting their needs for technical and social infrastructure, human resources and a transparent business environment. He emphasized that Ho Chi Minh City possesses significant advantages, making it an ideal investment destination for Japanese businesses. The city also encourages investors to shift towards high-tech industries to align with its sustainable development goals./.

Compiled by BTA

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