Hanoi calls for more Japanese investment

Tokyo (VNA) - A senior Vietnamese diplomat has called upon Japanese
businesses to increase their investment in Vietnam , particularly in infrastructure, accessories industries and farm processing.

Ambassador Nguyen Phu Binh made the appeal at a seminar held in Tokyo on
October 15 to introduce the investment environment offered by Hanoi
since it was enlarged, tripling its area and almost doubling its population.

Binh told those at the event, which was attended by representatives of more
than 100 Japanese businesses, that Vietnam, which offers young, hardworking
and creative workforce, socio-political stability and abundant natural
resources, is a huge potential market with steadily increasing purchasing
power.

"Similarities in culture between Vietnam and Japan have facilitated
cultural, economic and commercial exchanges between the two countries," he
added.

Furukawa Hiroki, a representative from Japan 's Integrated Technology
Corporation, related his company's experiences in establishing a joint
venture with Vietnam 's Interserco to operate in the Southeast Asian
country.

The businessman supported Binh's comments, citing low labour costs,
socio-political stability and similarities in attitude between the
Vietnamese and the Japanese as factors underlying his company's move to
expand its operations to Vietnam .

There are many Japanese representative offices operating in Hanoi ,
including the Japanese International Cooperation Agency, the Japanese
External Trade Organistion, along with a number of large banks such as
Mitsubishi UFJ, Sumitomo and Mizuho.

The seminar was co-hosted by the Hanoi Representative Office in Japan
and the Tokyo Chamber of Commerce and Industry.-Enditem


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