A meeting between the Da Nang authorities and representatives of Japanese businesses operating in the city recently took place in the city.

Speaking at the event, the People’s Committee Chairman, Mr Van Huu Chien, spoke highly of the remarkable contributions made by the Japanese business community to the city’s growth over recent years. 

The city leader also remarked that Japan is one of the largest foreign investors in the city.  He vowed that the local authorities would create very favourable conditions for Japanese businesses to invest and operate effectively in the city.

An overview of the meeting

The Deputy Chief Representative of the Japan External Trade Organisation, Mr Yuichi Bamba, thanked the city’s leaders for their support of businesses from his country, and praised the local investment climate.  He noted that Da Nang was one of Viet Nam’s most popular cities for Japanese business investors.  This is because of its position as the Pacific gateway for the East-West Economic Corridor, and its good investment climate.

The city’s Department of Planning and Investment said that Japanese invested projects accounted for 95% of the newly-licensed FDI projects this year.  These projects from Japan are expected to raise their investment capital in order to expand their production and business activities in the near future.