22/05/2015 15:23 GMT+7 Email Print Like 0

Ho Chi Minh City fosters trade ties with Japanese region

HCM City, May 22 (VNA) – Ho Chi Minh City hopes to receive more foreign investors in the support industry, said Vice Chairman of the municipal People’s Committee Tat Thanh Cang.

During a reception for Director of the Bureau of Economy, Trade and Industry of Japan’s Kansai region Seki Soichiro in Ho Chi Minh City on May 21, Cang expressed his hope that the cooperative ties between the two localities will be consolidated.

The city has established a mission to implement the localities’ agreements signed in 2014, Cang elaborated.

He praised the Japanese Enterprises Association’s membership expansion, with 100 members more in HCM City in 2014, as a reflection of Japanese investors’ increasing interests in the city.

The city has developed the Vietnam-Japan Technology in the Hiep Phuoc Industrial Zone and plans to expand it to lure more Japanese investment, Cang said.

For his part, Seki Soichiro highly valued the active support the municipal authorities have continuously provided for Japanese enterprises operating in the city.

He also noted possible cooperation between Kansai enterprises and the city in waste treatment.

Earlier on May 20, the Bureau of Economy, Trade and Industry of Japan’s Kansai region signed an economic cooperation framework agreement with southern Dong Nai province, with a focus on links in support industry.

Business operation will be facilitated in Vietnam and Japan through an extended economic cooperation framework agreement between Vietnam’s Ministry of Industry and Trade and the Kansai Bureau of Economy, Trade and Industry, as determined on May 19.

In the first eight months of 2014, Vietnam saw a trade surplus of nearly 1.86 billion USD from exports to Japan. The country’s imports from Japan hit 7.88 billion USD with the majority in machinery equipment, computers, electronics, steel products and plastic.
VNA/VNP