A delegation from Japan’s Oates Chemical Company had a working session with Ha Nam authorities on July 26 to explore the investment climate in the northern province.
A textile and garment business in Ha Nam province (Photo: VNA)
Ha Nam (VNA) – A delegation from Japan’s Oates Che🦩mical Company had a working session with Ha Nam authorities on July 26 to explore the investment climate in th🍎e northern province.
The company has four factories in Japan and plans to expand its production of rubber components to Vietnam , Director Goda Kengo said, adding that Ha Nam boasts good policy to attract investment, especially from Japanese businesses.
The locality also has a favourable geographical location and trade exchange with Hanoi, as well as with neighbouring cities and provinces. Therefore, the Japanese company is determined to build a factory there, he confirmed.
Vice Chairman of the provincial People’s Committee Vu Dai Thang said authorities plan to arrange an area of 6,000 square metres at Dong Van I Industrial Park in Duy Tien district for the company to build its factory.
He noted that the location has a good transport network and the necessary infrastructure, with scores of Japanese firms investing and operating effectively.
Local authorities pledged to create the best conditions for the company, as committed to for foreign investors, specifically handing over land for building accommodation for workers, exempting land lease costs during the first two years of investment, and granting a 50-year operating licence.
Goda Kengo hailed the local policies and hopes the province will facilitate the company’s investment.-VNA
The property market in Vietnam has seen an influx of Japanese capital recently, with many projects carried out under partnerships between the countries’ enterprises.
Japanese manufacturers are eyeing the ASEAN region, especially Vietnam as an export base since the signing of the Trans-Pacific Partnership (TPP) in late 2015.
President Tran Dai Quang has hoped that Japanese businesses will increase investment in Vietnam, especially in developing hi-quality infrastructure and support industry.
Japanese agricultural businesses are making a beeline for Vietnam since the Trans-Pacific Partnership (TPP) is set to open up their country’s market and bring import tariffs down to zero.
The authorities of Vinh Phuc province in the northern key economic region assured Japanese businesses of maximum support for them at a meeting on July 6.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A textile and garment business in Ha Nam province (Photo: VNA)
