Enhancing the cooperation with Kaio Group (Japan) in investment promotion

At the meeting, Mr. Ishizuka Goro presented an overview of the Kaio Group (Japan) and Kaio Vietnam Co. Ltd, which emphasizes the outstanding strength of Kaio Vietnam on information connection and trade cooperation promotion between Vietnam – Japan in various fields. In the course of operation, Kaio Vietnam helps several Japanese investors to study Vietnamese market, survey investment climate, and looking for customers and partners, contributing to promote the investment from Japan to Vietnam. Mr. Goro Ishizuka highly appreciated the attractive investment environment in Vinh Phuc and expressed his desire to cooperate with Vinh Phuc to provide investment information to Japanese enterprises and to connect between Japan and Vinh Phuc enterprises especially in logistics services, agricultural and clean water projects in Vinh Phuc.

Mr. Le Duy Thanh affirmed that investment attraction was an important goal of Vinh Phuc in current period, and that Vinh Phuc especially welcomed the investors from the Japanese market. Up to now, the Japanese projects are effectively operating and ranked first in respect of disbursed capital in Vinh Phuc. (By the end of May 2016, Vinh Phuc has attracted 217 FDI projects with total registered capital of 3.366 billion dollars, of which 26 projects are of Japanese investors and registered with the capital of 786 million dollars. The rate of capital disbursement of Japanese projects is over 80%). The outstanding projects are such as Honda, Toyota and Thang Long Industrial Zone of Sumitomo Corporation. The Vice-Chairman also highly appreciated the business concerned to cooperate with Vinh Phuc by Kaio Group and affirmed the willingness to cooperate with Kaio Group to strengthen the connection with and investment attraction to Japanese enterprises in the near future.

At the meeting, Mr. Nguyen Tien Hanh – Deputy Chief of the Office of Vinh Phuc People’s Committee cum Director of Vinh Phuc Promotion Investment Agency presented an overview of investment climate, the strengths of geographical locations, traffic, climate, land and tourism potential of Vinh Phuc and the breakthrough reform of administration procedures and one-stop shop mechanism implemented by Vinh Phuc Government aiming for better meeting the expectations of investors. Both sides exchanged views and discussed on the business sectors concerned to attract Japan’s investment by Vinh Phuc Government, such as livestock, fruit and vegetable cultivation for health safety, clean water production for daily life and healthcare, ect. The Deputy Director of the Department of Agriculture and Rural Development, Mr. Le Van Dung said Vinh Phuc had been received a lot of support and cooperation of Japan International Cooperation Agency (JICA) and a number of Japanese companies to develop the projects of cleanagricultural products, fertilizers for safe environment and expressed his desire to closely cooperate with Kaio Vietnam in development of sustainable agriculture.

Ending the meeting, Kaio Group wished to come back Vinh Phuc in the near future to continue exploring and studying more specific on the Vinh Phuc’s conditions for investment, particularly in tourism, agriculture and clean water production./.