Ho Chi Minh City to create more incentives for Japanese investment: Party chief
Ho Chi Minh City to create more incentives for Japanese investment: Party chief
Ho Chi Minh City will continue to improve its business environment and create more incentives for Japanese investors, the municipal Party chief said at the conclusion of a ten-day visit to Japan on Saturday.
Dinh La Thang, secretary of the Party Committee, and municipal deputy chairman Le Thanh Liem led a high-ranking delegation to several Japanese localities including Tokyo, Nagano, Hyogo, Aichi and Osaka to discuss economic cooperation and investment opportunities between April 6 and 15.
Following the trip, Ho Chi Minh City will create further incentives to attract foreign investors, especially in fields in which Japan has strength, secretary Thang told Tuoi Tre (Youth) newspaper.
Thang stated clearly however that the southern Vietnamese metropolis would not issue any policy that benefits only Japanese businesses.
“Any mechanism or policy to be enacted must benefit all investors. We cannot have exclusive incentives for Japanese, South Korean or American enterprises,” he said.
What Ho Chi Minh City will do is apply preferential treatment in sectors that Japanese investors are interested in, according to the Party chief.
“This means investors in any country can enjoy similar incentives if they meet our technology requirements and standards,” he added.
Secretary Thang said Ho Chi Minh City will focus on attracting investors in hi-tech and less labor-intensive sectors in order to boost the city’s competitiveness.
Secretary Dinh La Thang (L) talks to Hiroto Izumi, Special Advisor to Japan's Prime Minister.
As part of the Japan trip, the “Ho Chi Minh City Days in Osaka,” a two-day culture exchange program, was held, marking the 20th anniversary of friendship and cooperation between the two cities.
Secretary Thang said Vietnam and Japan currently held strong ties and what matters is how to keep the relations stable across economic, cultural and social aspects.
“I support the idea of Mr. Takebe Tsutomo [special advisor to the Japan-Vietnam Friendship Parliamentary Alliance] that an association of young lawmakers from the two countries be established to maintain the bilateral friendship for the future,” Thang said.
The Ho Chi Minh City Party chief believes that young Vietnamese currently studying and working in Japan will also contribute to the effort to deepen the relationship between the two countries.
