Japanese and local firms hold discussions on the sidelines of the 66th EGA business conference on July 4 in Danang City. (Photo: Nhan Tam)
This was the first time that a delegation of potential Japanese investors took a charter flight to the city, co-organized by the municipal Department of Foreign Affairs and Brain Works, said Nguyen Cong Tien, deputy director of the department, at the 66th EGA business conference on July 4 in the city.
The fact that Danang tops the list of the most popular overseas investment destinations among Japanese firms has provided a reference for others to consider additional investments in this city, according to many active Japanese firms in Vietnam and those visiting the city for the first time.
Japanese investors usually focus on such fields as hi-tech, technologies for elderly people, tourism services, and property, when they plan to invest in the city.
Tsuyoshi Yamamoto, chairman at Jibanet Holdings, said he looks to invest in residential projects, worth a total US$3 million in the next five years, to serve Japanese experts and employees working in the central city.
Noboru Kondo, general director of Brain Works, said he earlier brought many Japanese firms to make investments in Hanoi, HCMC, and Can Tho. He expected that several companies, after this trip, will invest in the city.
For the city’s side, Nguyen Cong Tien pinned his hopes for investment by Japanese firms on three industrial park projects with a combined 1,000 hectares of land in Cam Le District and outlying Hoa Vang District.
The department will collaborate with other agencies to operate more charter flights to bring Japanese firms to the city for studying business investment opportunities, Tien said.
EGA is an annual event taking place in many localities in Japan and Vietnam, with an aim at connecting Japanese and local businesses.
