Japan investments in Vietnam hit US$38 billion

March 07, 2016 | 08:55

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By June, 2015, Japan had become Vietnam’s second largest investor with more than 2,600 projects worth a total of US$38 billion. 120 of its projects were located in Da Nang.

A program to promote Japanese investments in central Da Nang city was held on March 6.

Vice-chairman of the municipal People’s Committee Dang Viet Dung said the city boasts numerous advantages in investment attraction as it is located on the East-West economic corridor and has an abundant labor force, many industrial parks, a convenient transportation system, and a high-tech zone under construction.

“We want to cooperate with Japanese businesses in support industries, information technology, and high-tech areas in addition to healthcare and building an international hospital and resorts. Da Nang city is committed to facilitating the operations of Japanese and Vietnamese businesses,” Dung said.

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