Hai Phong ranks first in the country in attracting Japanese investment capital

Accounts for 28% of the number of projects and 38% of the valid registered FDI capital. These statistics also help Japanese businesses rank first in both the number of projects and the amount of investment capital of FDI enterprises in Hai Phong.

Attractive land

Implementing the goal of innovating the growth model and developing a green economy, Hai Phong city is preparing to continue welcoming a wave of potential investment from Japan.

At the end of 2013, the Kobe city government (Japan) visited Hai Phong. Mr. Satoshi Torii, Deputy Mayor of this city, expressed a very strong impression of a dynamic and vital city of Hai Phong. Not only Kobe, but Nigata, and the sister city of Kitakyushu also want to sign a long-term cooperation agreement... These evidences show that Hai Phong is a good land attracting a wave of investment from Japan.

Leaders of Hai Phong City People's Committee have also repeatedly affirmed that: Hai Phong is trying to prepare all infrastructure conditions for industrial zones and clusters to meet the requirements of foreign investors, especially from Japan. Hai Phong is actively reforming administration, improving the investment environment, creating the best conditions for investors to learn about and cooperate in production and business.

The city also proactively prepares human resources based on the requirements of Japanese investors, promoting the Japanese language learning movement in the city; Strengthen cultural exchanges, exchanges, training cooperation...

And to create bonds, mutual understanding, and create a stronger breakthrough in Japanese investment in Hai Phong, Hai Phong and Japan continuously organize delegations to visit and work to grasp each other's investment needs.

Many big projects are blooming

According to the Hai Phong Department of Planning and Investment, up to now, Hai Phong has 113 projects from Japan with a total investment capital of 3.63 billion USD, accounting for 28% of the number of projects and 38% of the total valid registered FDI investment capital; ranked first in both the number of projects and the amount of investment capital out of the total capital and number of projects of FDI enterprises in the city. This is a very impressive number because among nearly 30 countries and territories investing in Hai Phong, Japan ranks first, accounting for 1/3 of the projects and investment capital.

It is known that senior leaders of Vietnam and Japan have agreed that Hai Phong will be one of two localities chosen as a key location to attract investment capital from Japan and after the double disaster of earthquake and tsunami in 2011, the investment wave from Japan to Hai Phong is even stronger, more effective and of better quality.

The investment of Japanese investors in Hai Phong makes an important contribution to creating a breakthrough in attracting FDI to Hai Phong.

Currently, many Japanese investment projects have been implemented very quickly. Such as the Bridgestone Tire Factory project in Dinh Vu Industrial Park of Bridgestone Vietnam Tire Manufacturing Co., Ltd., with more than 600 million USD disbursed in phase 1; and will continue to invest about 600 million USD for phase 2 of the factory.

Among the major projects, we must also mention the Nomura Industrial Park infrastructure construction and business project of Nomura Industrial Park Development Company - Hai Phong, which has now been filled; project to produce and sell multi-function printers and photocopiers of Kyocera Vietnam Office Machinery Technology Co., Ltd.; Hai Phong International Gateway Port project in the start-up phase of Hai Phong International Container Port Co., Ltd.; High quality drug production project of Nipro Pharma Vietnam Co., Ltd...

Projects of Japanese enterprises are concentrated in Dinh Vu Industrial Park, VSIP, Trang Due, Nomura... and most of them meet the city's high-tech and environmental requirements.

It is expected that in the future, investment capital from Japan will still account for a large proportion in Hai Phong's FDI structure. Japan will continue to be the city's leading partner in both number of projects and investment capital.