Hai Phong fosters investment, tourism cooperation with Japan

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Báo điện tử CP English - 6 month(s) ago 2 readings

VGP - A workshop has been held in the northern port city of Hai Phong to promote investment and tourism partnerships with Japan.

At the event, Secretary of the municipal Party Committee Le Van Thanh affirmed that Japan is one of Viet Nam’s leading economic partners, largest provider of official development assistance and fourth largest trading partner.

Hai Phong was one of the first localities to welcome Japanese firms seeking business opportunities after Viet Nam began the Doi Moi (Reform) process. Its achievements over the last three decades are partly thanks to Japanese investors, he noted.

Currently, the city houses 486 foreign direct investment projects worth nearly US$14 billion from 36 countries and territories. Japan has 130 projects in Hai Phong with a total investments at approximately US$4.14 billion, ranking first in terms of project numbers and second in terms of capital value.

Hai Phong is also hosting 500 permanent Japanese experts and welcoming thousands of others to work in the city annually on a rotating basis.

Introducing local tourism potential, Thanh said Hai Phon g is a coastal city with hundreds of islands of all sizes and magnificent landscapes, including Cat Ba Island – a UNESCO world biosphere reserve – and Do Son beach.

Last year and in the first two months of this year, the city posted an economic growth of 11 percent, about 1.7 times higher than the national average. Hai Phong Port handled more than 80 million tons of goods, a year-on-year rise of 17%. About US$ 3 billion of foreign investment was poured into Hai Phong, making the city the top foreign investment destination in Viet Nam, Thanh said.
He added that the city also has developed transport infrastructure.

At the workshop, the two sides signed three memorandums of understanding on cooperation in culture and tourism, flower growing and logistics services.

By Vien Nhu

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