Hung Yen province ready to welcome investors from Kansai region (Japan)

Published on 18 - 09 - 2023

In a series of activities in Japan, on September 15, Mr. Tran Quoc Van, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee and the provincial delegation attended the "Vietnam - Japan Trade Investment Promotion Forum in the Kansai region” (the Forum). The Forum is chaired by the Vietnam Chamber of Commerce and Industry (VCCI), the Osaka Chamber of Commerce and Industry (OCCI) in collaboration with the Vietnamese Consulate General in Osaka, and the Japan External Trade Organization (JETRO). It drew the attendance of representatives of many Vietnamese and Japanese businesses in the Kansai region.

Chairman of Hung Yen Provincial People's Committee Tran Quoc Van and delegates attend the Vietnam-Japan Trade Investment Promotion Forum in Kansai region

Speaking to congratulate the Forum, Mr. Ngo Trinh Ha, Consulate General of Vietnam in Osaka affirmed that the organization of the Vietnam-Japan Investment and Trade Promotion Forum clearly demonstrates the determination and efforts of the localities of Vietnam, with the direct presence today of leaders of Hung Yen, Long An, Phu Tho, Soc Trang, Dien Bien provinces, in promoting cooperation and business with Japan in general and the region Kansai in particular. The Forum is even more meaningful in the context of the two countries celebrating the 50th anniversary of establishing diplomatic relations with a lot of practical and comprehensive activities in many fields such as investment, trade, tourism and people-to-people exchanges. In particular, the Consulate General of Vietnam in Osaka pledged to always accompany localities and businesses of the two countries, ready to support investment and cooperation plans between the two sides in the coming time.

Speaking at the Forum, Chairman of Hung Yen Provincial People's Committee Tran Quoc Van said that Hung Yen province is in the center of the Northern key economic region. This is a dynamic economic center and the economic locomotive of Vietnam. Along with the economic development of the whole country, Hung Yen is one of the provinces with a relatively high economic growth rate. The economic structure is shifting rapidly toward industry, serviceization, and modernization. Not only is it located adjacent to Hanoi capital, Hung Yen also has a developed and synchronous socio-economic infrastructure, roads, railways, waterways, and an abundant, trained workforce, which are favorable conditions to promote local economic development. From the 16th to 17th centuries, Japanese investors and traders came to Pho Hien - Hung Yen to carry out trade activities, promote economic development, and contribute to building Pho Hien into a famous trading port and remembered in history books.

Speaking at the dialogue session with businesses in the Kansai region, Chairman of the Provincial People's Committee Tran Quoc Van said that currently, Hung Yen province has more than 500 foreign enterprises investing in business with a total investment of over 7 billion USD, including about 200 Japanese enterprises, ranking number one among foreign investors with a total investment of over 4 billion USD. In Hung Yen province, there are 17 operating industrial parks with an area of more than 4,000 hectares, of which one industrial park is of Japanese, along with 13 industrial parks whose planning has been approved by the Prime Minister. Regarding traffic, Hung Yen province has the outstanding advantage of being adjacent to Hanoi capital and having the Hanoi-Hai Phong highway passing through, so from most industrial parks to the highway it only takes about 5 minutes by car and very convenient to go to Noi Bai international airport or Hai Phong port. Regarding electricity, all industrial parks have been installed with transformer stations to be able to provide electricity 24/7 for businesses. Regarding human resources, the province has 16 universities/colleges and vocational schools, meeting the labor needs of foreign businesses. In addition, the province has arranged more than 100 hectares of housing for workers next to industrial parks.

Chairman of the Provincial People's Committee Tran Quoc Van emphasized that attracting investment is identified as one of three key breakthrough stages of the province in the socio-economic development. In particular, the general criteria for determining priority projects to attract investment are: Attracting projects led by large-scale investors, enterprises, multinational companies, and businesses with a leading role, leading regional and global supply chains, high-tech, environmentally friendly projects with spillover effects, linking with domestic businesses, developing supporting industries, and projects with high investment rate, large added value, economical and effective land use. These are all contents that Japanese businesses in general and the Kansai region in particular have many strengths in. The provincial government wants the cooperation and mobilization of resources from outside, especially investors from Japan, to contribute more to the relationship between Vietnam and Japan in many fields.

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