Japanese firms hope to expand investment in Ha Nam, Thai Binh

Thai Binh Provincial People’s Committee Chairman Nguyen Hong Dien speaks at the working session with the Japanese delegation (Source: VNA)

During their meetings with the delegation, leaders of Ha Nam and Thai Binh affirmed that their localities want to attract more investment from Japanese firms, especially in agriculture – the key to fostering local economic development.

Along with promoting the application of science and advanced technologies, Ha Nam is calling on Japanese firms to boost their investment and support for agriculture development, said Provincial Party Committee Secretary Mai Tien Dung.

The local authorities give incentives for land and building infrastructure, aiming to encourage investment in the locality, he added.

As many as 61 Japanese firms are investing in Ha Nam, including six operating in agriculture. They contribute 22% of the province’s total budget, Dung reported.

Japanese and Vietnamese businesses are seeing good results in a project on planting Japanese technology-based organic vegetables in Ly Nhan district.

Meanwhile, Thai Binh Provincial People’s Committee Chairman Nguyen Hong Dien briefed Japanese guests on the locality’s strengths, including rice production, aquaculture and livestock.

Thai Binh is encouraging investment in the development of animal-feed processing plants and large-scale breeding establishments, while boosting joint venture-oriented agricultural production, he stressed.

Through its supportive, transparent policies, the province has committed to ensuring effective operation for enterprises, he affirmed.

Speaking at the sessions, Atsuke Kawada said he appreciated the investment climate in the Vietnamese localities – especially assistance from local authorities for Japanese small- and medium-sized enterprises.

Japanese firms are looking forward to stronger trade promotion activities between the two sides’ businesses, and greater facilitation from the provinces for Japanese firms’ operations.