Sumitomo group decided to expand Thang Long II Industrial Park. On September 27, Mr. Nguyen Van Phong, deputy secretary of provincial party committee, chairman of the people’s committee attended the conference of investment promotion into industrial parks of Hung Yen province in Tokyo (Japan)...

Sumitomo group decided to expand Thang Long II Industrial Park. On September 27, Mr. Nguyen Van Phong, deputy secretary of provincial party committee, chairman of the people’s committee attended the conference of investment promotion into industrial parks of Hung Yen province in Tokyo (Japan)...

Chairman of Hung Yen People's Committee Nguyen Van Phong presents a souvenir to Mr. Yasushi Fukuda, CEO of Sumitomo group. Photo: Dao Tung / correspondent of Vietnam News Agency in Tokyo

Having an address in front of more than 100 representatives of Japanese business and investors attending the conference, Chairman of Hung Yen People's Committee emphasized: “We really need cooperation, high technology transfer, friendly environment, professional management and quick mobilization of investment capital from Japanese investors. Therefore, we welcome Japanese businesses to invest here. We pledge to accompany and do our best to make Hung Yen province become the best destination to Japanese investors ”.

Regarding the orientation of attracting FDI capital into Hung Yen province in the coming time, responding to the correspondent of Vietnam News Agency on the sidelines of the conference, Mr. Nguyen Van Phong said that Hung Yen province prioritized the attraction of foreign investors, especially Japanese investors to invest in clean industries, organic industries, and environmentally friendly industries.

In order to attract foreign investors, Chairman of the People's Committee of Hung Ye province affirmed: “The province is speeding up administrative reform to reduce unnecessary procedures that cause difficulties and troubles to enterprises; boost  implementation of e-government and information technology application; improve the qualifications and ethics of civil servants and public employees; promote investment in infrastructure construction and speed up the site clearance ... ".

The conference on investment promotion into industrial parks of Hung Yen province was organized by Hung Yen People's Committee in coordination with ASEAN-Japan Center. This is an event in the series of investment promotion activities into industrial parks of Hung Yen province in Japan and Korea.

* On the same day, at the headquarters of Sumitomo group in Tokyo, Hung Yen province and Sumitomo  signed a memorandum on expansion of Thang Long II Industrial Park. Accordingly, Sumitomo will invest to expand 181 hectares more in Thang Long Industrial Park II, bringing the total area of this industrial park to 525 hectares and this industrial park will have the highest concentration of Japanese enterprises in Vietnam. As planned, the expansion will be completed in 2021 and open to businesses by 2022.

Chairman of Hung Yen People's Committee Nguyen Van Phong and Mr. Yasushi Fukuda, CEO of Sumitomo Corporation, signed a memorandum. Photo: Dao Tung / PvA VN in Tokyo

Currently, Sumitomo group is running 3 industrial parks in Vietnam, with a total of 190 manufacturing enterprises, of which 90% are manufacturing enterprises from Japan.

Explaining the decision of Sumitomo group, Mr. Nobuta Goki, General Director of Thang Long Industrial Park II Corporation, attributed the main reason to the fact that Sumitomo "highly appreciates the investment environment in Hung Yen province". Mr. Goki said: “Hung Yen is the northern central region of Vietnam. Therefore, Hung Yen can be an investment destination for many Japanese businesses. In addition, in terms of labor, Vietnam is a populous country, of which more than 1 million people in Hung Yen province. This will be an abundant source of labor. On the other hand, Japanese businesses highly appreciate the support of Hung Yen government as they implement investment here ”.

Mr. Goki said that thanks to such favorable investment environment, there will be more Japanese enterprises investing into Hung Yen province in the near future.

According to the People's Committee of Hung Yen province, up to now, Hung Yen province has attracted 448 foreign direct investment (FDI) projects, with a total registered capital of USD 4.6 billion. Japan is the leading country with 158 projects with the registered capital of nearly USD 3 billion, accounting for 65% of total FDI into this province. In particular, 350 hectares of Thang Long Industrial Park II invested by Sumitomo Group has been filled up by over 80 Japanese investors with a total investment capital of US $ 2.6 billion.

Nguồn trích dẫn: baohungyen.vn