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Signing the MOU on establishing JapanDesk in Vinh Phuc.

Wednesday, 28/03/2018

In the afternoon of March 26th, 2018, the provincial People's Committee, Sumitomo Corporation of Japan and Thang Long Vinh Phuc Industrial Park Co., Ltd signed a Memorandum of Understanding on establishing JapanDesk in Vinh Phuc.

Chairman Nguyen Van Tri, representatives of Sumitomo Corporation of Japan and Thang Long Vinh Phuc Industrial Park Co., Ltd signed the MOU

Attending the signing ceremony, on the Japanese side, there were Mr. Katsuro Nagai, the Envoy of the Japanese Embassy in Vietnam; Mr. Fukuda, member of the executive director Board of Sumitomo leaders of some Japanese enterprises investing in the province.

On the side of Vinh Phuc province, there were Mr. Nguyen Van Tri, Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee; representatives of the Foreign Investment Department, the Ministry of Planning and Investment; leaders of some departments, agencies of the province.

Speaking at the signing ceremony, Chairman Nguyen Van Tri emphasized that over the last years, Vinh Phuc had continously developed in all aspects with its favorable geographical location and business environment. The economy continued growing with a high pace. The economic structure shifted sharply towards increasing the proportion of industry - construction and services, reducing the proportion of agriculture, forestry and fishery.

The social fields develops, the people's lives are raised. These achievements have a great contribution of the investors, domestic and foreign enterprises, especially Japanese enterprises. Until the end of February, 2018, in the province, there were 278 FDI projects from 16 countries and territories with a total investment capital of more than USD 4 billion.

In which, Japan has 31 projects with a total investment capital of USD 816 million, ranking the second position in terms of the number of projects, registered investment capital and the first position in implemented capital. Especially, among Vinh Phuc province and other Japanese localities, organizations, many activities of investment cooperation, cultural exchange have been carried out. Japanese companies always have effective production and business and have the important contribution to the development of the province.

Implementing the MOU, the provincial People's Committee will issue the decision of establishing Japan Desk; arrange the working place for the Desk; assign a leader of the provincial People's Committee to be the focal point to receive the requests and suggestions of Japan Desk and direct relevant agencies to carry out supportive activities; report to the Central about possible conditions and incentives for Japanese enterprises.

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