VietNamNet Bridge - The leaders of eight provinces in Vietnam have urged Japanese investors to ‘proceed quickly’ when making investments in their localities, saying that they may miss great opportunities if they remain cautious.

 


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All provinces want to lure Japanese investment capital to their localities

Truong Quang Hoai Nam, deputy chair of Can Tho People’s Committee, said Can Tho  expects capital flow from Japan, but Japanese investors, in many cases, have been very slow in making decisions.

He said that local authorities recently called for investment capital for a project in an important business field and put a high hopes on Japanese investors. However, they later received an investor from another country. 

“The investor made a decision very promptly and it began project implementation very quickly, which were the reasons why we decided to cooperate with the investor,” he said.

Nam spoke during a talk themed ‘Gap go Nhat Ban” (Meeting Japan) held in mid-December 2015 by the Ministry of Foreign Affairs.

“We do not expect you (Japanese investors) to make investment in the business fields which have less competitiveness than neighboring Binh Duong and Dong Nai provinces. We welcome investments in agriculture and tourism,” he said, adding that foreign investors who are rivals to Japan now pay special attention to these business fields.

All of the eight provinces want to lure Japanese investment capital to their localities. Ninh Thuan province wants high-end tourism projects, while Can Tho would like Japanese to pour capital into agriculture. 
Meanwhile, Bui Nhat Quang, deputy chair of Ninh Thuan province, noted that Japanese investors were too cautious when considering cooperation with local authorities in the Ninh Thuan power project.

Quang urged the Japanese side to step up negotiations, adding that the nuclear power project with Russia has been going very quickly, as the site clearance is being implemented.

Also in Ninh Thuan province, the Vietnam-Japan industrial park in the Ca Na Industrial Zone was approved in 2010. However, the Japanese partner has not implemented the project. 

Before 2010, Naoki Takeuchi, director of the Japanese agency on trade and investment promotion, said Japanese investors planned to set up a second and subsequent production base in Vietnam, but they wanted the government of Vietnam to further improve the investment environment to facilitate their operations.

All of the eight provinces want to lure Japanese investment capital to their localities. Ninh Thuan province wants high-end tourism projects, while Can Tho would like Japanese to pour capital into agriculture. 

Cao Bang province suggested cooperation in high-technology agriculture, eco-tourism and mining, while Phu Yen province hopes Japanese can join projects in urban areas and industrial development. Quang Tri province would like Japanese investors to inject money in power and gas projects.


Pham Huyen