Vinh Long aims to create breakthroughs in economic and production restructuring in each sector and develop large-scale and high-tech agriculture.-Illustrative image (Photo: VNA) At aworking session with representatives from the provincial People’s Committee on theinvestment environment in the locality on February 23, Koji said Vietnam is oneof the most potential and attractive investment destinations for Japanese andinternational businesses.
In recent years, Japanesebusinesses have considered Vietnam as one of their important investmentdestinations, ranking second after the US, he noted.
The official mentioned difficulties facing Japanese companies in the locality related to administrativeprocedures, expressing his hope that Vinh Long authorities willhave appropriate policies to support foreign businesses and speed up the simplificationof administrative procedures to facilitate foreign firms’ operations.
Vice Chairman of theprovincial People’s Committee Nguyen Van Liet said local authorities alwaysaccompany and create favourble conditions for investors, especially helpingthem remove difficulties in implementing projects in the locality.
Vinh Long aims tocreate breakthroughs in economic and production restructuring in each sector; develop large-scale and high-tech agriculture;and strongly promote the industry as a momentum for economic growth, especiallyfarm produce processing, he said, adding that the locality has been calling for domestic and international resources for concertedly developing and modernising infrastructure facilities, focusing on urbaninfrastructure, traffic, electricity, irrigation, information and communicationtechnology infrastructure.
It also promotesagriculture and tourism development in connection with the overall development ofthe Mekong Delta region and the Greater Mekong sub-region, and sustainable socio-economicdevelopment in response to climate change and sea level rise, Liet added.
According to ViceDirector of the provincial Department of Planning and Investment Nguyen KhacNhu, Vinh Long’s firms earned 60.2 million USD from exporting their products toJapan in 2022, accounting for 8% of the province’s export turnover, and up 40%year-on-year. The main exports were leather shoes, textiles, autoparts, handicrafts, and processed farm produce.
Vinh Long is home to 73foreign-invested projects from 15 countries and territories. Japan ranked firstin terms of total investment capital with 213.8 million USD in 11 projects, mainly in food and farm produce production and processing, warehousingand storage services, and manufacturing sewing machine parts and smallprecision machine parts./.
VNA
