Japan Desk Vinh Phuc carrying out its function of supporting Japanese investors

Japan Desk Vinh Phuc was consolidated according to the Decision No. 2617/QD-UBND dated October 21st 2020 by the People’s Committee of Vinh Phuc province, including 18 members from following agencies: Department of Planning and Investment, Management Board of Industrial Zones, Department of Science and Technology, Department of Labor, Invalids and Social Affairs, Thang Long Vinh Phuc Industrial Park Ltd. Co., in order to perform following functions: (1) providing information and introduction about business and investment environment of Vinh Phuc province to Japanese investors; (2) Connecting, coordinating and organizing meetings among the leaders of the Provincial Party Committee, the Provincial People’s Committee and Japanese investors; (3) acting as a channel to receive, collect opinions and recommendations of Japanese investors and businesses, and propose the Provincial People’s Committee to assign relevant agencies to solve and remove difficulties for Japanese investors in their investment stage or in their production and business process in the province; (4) Coordinating with other agencies to speed up the implementation of any procedures related to investment projects of Japanese enterprises in Vinh Phuc province; (5) Coordinating with related agencies, units, organizations and individuals to approach and mobilize direct investment from Japan into Vinh Phuc; (6) Supporting Japanese businesses investing in Vinh Phuc, especially those in supporting industry, dealing with procedure implementation to get benefit from investment incentives; (7) Studying and proposing competent authorities to promulgate, supplement and adjust mechanisms and policies to promote the investment attraction from Japan.

All members attending the meeting had discussed the draft on operation regulations of Japan Desk Vinh Phuc after being consulted by relevant agencies. Members had given comments on the steps and duration during the process of supporting investors in implementing the administrative procedures for issuing investment certificates and business registration in accordance with the law regulations. In order to shorten the time of administrative procedures compared to the provisions of law, especially when the new Investment Law takes effect from January 1st 2021, Japan Desk Vinh Phuc requested to invite representatives of the Tax and Custom agencies.

Ending the meeting, all members agreed upon the draft contents, proposed the Department of Planning and Investment – the standing agency responsible for completing the draft to submit the provincial People’s Committee for issuing.