Japanese companies eye Hai Duong Province
Japanese companies eye Hai Duong Province
A number of active and technology-driven Japanese companies met with local businesses in northern Hai Duong Province on Friday, November 27, to seek partnerships for new projects.
The Japanese companies mainly operate in industry, the environment, agriculture, and infrastructure construction.
Minoru Maki, representative of the Kyushu region's Agency for Trade and Investment Promotion under the Ministry of Economy, Trade and Industry, said the Japanese companies expect co-operation opportunities in the province.
Hidenori Yasaki, president of Yasaki Company, specialising in agricultural products and microbiological liquid fertiliser, said Viet Nam had a large agricultural market but paid little attention to safety and food hygiene.
Yasaki was willing to build factories in the country to help Vietnamese consumers access hi-tech and safe products, he said.
Japanese investors have pumped $1.1 billion in 60 projects on manufacturing, electronic component assembling, mechanic spare parts and telecommunication equipment; apart from moulding, automobile electric wire and cable in Hai Duong.
Based on the total funds invested in the province, Japan was ranked second out of 24 countries and territories.
The disbursed capital by Japanese companies makes up 80 percent of the province's disbursed capital, the highest among foreign investors in the province.
