Da Nang wants to closely cooperate with Sumitomo Corporation and BRG Group on the basis of mutual trust, respect and understanding, as well as will create all favourable conditions for them to effectively carry out investment projects in the locality.

Secretary of the Da Nang Party Committee Nguyen Van Quang speaking at the investment promotion programme

Secretary of Da Nang Party Committee cum Head of the city's National Assembly (NA) Deputies' delegation Nguyen Van Quang made that affirmation at a programme, held in Ha Noi on November 9, to promote investment into Da Nang.

In attendance at the event, as for Da Nang’s leaders, were Party Committee Deputy Secretary cum People's Council Chairman Luong Nguyen Minh Triet, People's Committee Chairman Le Trung Chinh, and People's Council Vice Chairman Le Minh Trung.

Also, Chairwoman of BRG Group Nguyen Thi Nga, and Chairman cum General Director of Sumitomo Corporation Vietnam Koichi Taniguchi, made their presence at the event.

During the meeting, BRG Group and Sumitomo Corporation showed their keen interest in investing into Da Nang in such aspects of real estate, seaports, airports and logistics, hoping that the city's leaders would create very favourable conditions for them to conduct research and make suitable investment proposals.

Da Nang’s leaders presenting souvenirs to leaders of BRG Group and Sumitomo Group

In his concluding speech at the event, Secretary Quang highly appreciated BRG Group and Sumitomo Corporation’s special attention to the city’s investment environment and opportunities as well as their projects which have been implemented in Viet Nam.

He remarked that his city's investment attraction orientations were consistent with the two groups’ business and investment strategies, so this would be an important basis for the sides to work together and cooperate in the spirit of mutual understanding and trust to bring benefits to all parties.

The city Party Chief affirmed that the programme gave a very good opportunity for his city to understand more about the investment capacity of the two groups. He vowed that Da Nang would create all favourable conditions for BRG Group and Sumitomo Corporation to implement more investment projects in their fields of interest.

As one of Viet Nam's leading private multi-sector economic groups, BRG Group has nearly 30 years of experience in providing high-quality products and services in such aspects of finance and banking, golf, real estate, hotels and resorts, recreation, and commerce and retail, to both domestic and international customers.

Sumitomo Corporation is one of the major investment and trading groups in Japan. It is ranked in the Fortune Global 500, an annual list complied and published by US Fortune magazine, for 27 years, as one of the global companies leading the world's development.

Sumitomo Corporation has carried out a number of projects in Viet Nam, including the Thang Long Industrial Parks No 1, 2 and 3 in Ha Noi, Hung Yen and Vinh Phuc, the Ho Chi Minh City Metro Line 1, and the Van Phong thermal power plant.

BRG Group and Sumitomo Group have jointly developed the North Hanoi Smart City project, totalling USD 4.2 billion, and other projects.

Reporting by PHUONG UYEN - Translating by M.DUNG