Hung Yen pledges to create optimal conditions for Japanese investors

Vietnam’s northern province of Hung Yen will create optimal conditions for investors from Japan, Chairman of the provincial People’s Committee Tran Quoc Van has said.

He made the pledge during a conference on cooperation between localities of Vietnam and Japan held in Japan’s Tochigi Prefecture on November 23.

The provincial leader briefed the participants on the province’s socio-economic growth, advantages in industrial development infrastructure and human resources.

He highlighted that Hung Yen boasts a favourable location and transport conditions as it borders Hanoi capital and is close to Noi Bai airport and an expressway network.

With abundant human resources and vocational schools meeting labour demand, the province hopes to welcome Japanese investment in industrial park (IP) infrastructure, high-tech IP development and environmentally friendly industries.

Hung Yen is currently home to more than 500 foreign businesses, including 170 Japanese firms, which have poured in excess of 3 billion USD into the locality, Van said.

He added that Japanese investors have built the 350-ha Sumitomo IP in Hung Yen, and the province is facilitating the expansion of the IP by another 200ha.