Japanese firms sanguine on Hanoi’s business climate

June 23, 2014 | 16:59

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Hanoi is a dynamic city with a good business environment that instils confidence in Japanese investors, Thailand’s Reedtradex, ASEAN’s leading exhibition organiser recently reported.

Reedtradex reports that many Japanese businesses have already confirmed their presence at Vietnam Manufacturing Expo 2014, to be held at the Cultural Friendship Palace in Hanoi on August 27-29.

They have huge expectations for business opportunities in Vietnam and will be attending the event prepared to seize on investment opportunities, Reedtradex reports.

Seiji Masuda, Sanko Fastem company Director General, spoke highly of the healthy business climate in Vietnam as well as in Hanoi.

“We are the leading manufacturer of anchor bolts in Japan. Many factories are sprouting up throughout Vietnam and our products are needed in all phases of constructing their facilities and maintaining their production lines. This is a huge opportunity for us to expand our business,” Masuda said.

Mr Masato Hayashi, Sales Manager of Hitachi Asia (Vietnam) Co., Ltd, said his firm is bullish on the huge opportunities in the social infrastructure industries in Hanoi. The capital city is soliciting funding from Japan for a number of environmentally friendly social infrastructure projects for the 2013-2015 period. This offers opportunities for Japanese firms across the board in a wide variety of fields including electronics, information technology, bio-technology, infrastructure, high quality human resource training, large-scale projects, as well as financing, banking, and healthcare services, he noted.

Municipal officials have committed to building an open and transparent investment environment to meet the requirements of the international integration process and have gained the trust of Japanese investors.

VOV

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