On Thursday, representatives from the Da Nang Investment Promotion and Support Board and Japan’s Gifu Shinkin Bank entered into a Memorandum of Understanding (MoU) on bilateral cooperation.

The signing ceremony of the MoU (Photo: baodautu.vn)

The aim of the MoU is to boost the city’s investment promotion activities in Japan, and help Japanese businesses seek investment opportunities in Da Nang’s support industries and high-quality services.

Under the agreement, the city’s Board will assist the Japanese Bank’s partners to conduct surveys into Da Nang’s business environment and its incentives for foreign investors to seek investment opportunities.  In addition, the most favourable conditions will be created for them to establish their legal entities.

Meanwhile, the Gifu Shinkin Bank will organise investment promotion seminars in Japan to introduce Da Nang’s investment environment and its preferential policies to Japanese investors.

Mr Le Canh Duong, the Board’s Director, said that he would like the Bank to appeal for more Japanese businesses to invest in his city’s hi-tech industrial park and its infrastructure to facilitate domestic and foreign small and medium-sized firms to operate effectively in the city.   In addition, Da Nang will focus on training high-quality human resources to speak Japanese fluently to work for Japanese companies.