Vietnam willing to welcome investment from Japanese IT firms: Official
Vietnam is willing to welcome investment from Japanese IT enterprises, Deputy Minister of Information and Communications Pham Anh Tuan told an online conference on September 30.
Deputy Minister of Information and Communications Pham Anh Tuan speaks at the conference on September 30 (Photo: VNA)
Da Nang (VNA) - Vietnam is willing to welcome investment fromJapanese IT enterprises, Deputy Minister of Information and Communications PhamAnh Tuan told an online conference on September 30.
Held to promote Japanese investment in the central city of Da Nang, the conferenceattracted the participation of about 200 investors and IT businesses fromJapan.
In his remarks, Tuan said the Vietnamese Government has been completingits model, mechanism, and policy for the breakthrough development ofconcentrated IT and high-tech areas in Vietnam’s major economic hubs.
Da Nang is emerging as a “Silicon Valley” of Southeast Asia, with localauthorities working to build its digital ecosystem and prioritising FDI projectsin the high-tech sector, he added.
Vietnam is switching to the so-called “Make in Vietnam” movement,while boosting the formation of joint ventures and attracting foreignconglomerates, especially those producing smart equipment using the Internet of Things(IoT), artificial intelligence (AI), and big data technologies, among others.
The country has already released a national programme for digital transitionby 2030, to create a digital space that covers activities in health, education,finance, agriculture, and transport, and a cooperative environment that assistsforeign investors in Vietnam.
A Japanese representative at the conference said Japan is Vietnam’ssecond-largest foreign investor, pouring over 60 billion USD into some 4,200projects, including more than 700 in IT and communications.
As of September, Japan led in foreign investment in Da Nang, with 214projects and more than 816 million USD, mostly in industrial production and services.Japan possesses strengths in capital, high quality human resources, and advancedIT, so boosting its IT investment in Da Nang would bring benefits toboth.
Japanese enterprises also joined a business matching event on thesidelines of the conference on the afternoon of September 30./.
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Deputy Minister of Information and Communications Pham Anh Tuan speaks at the conference on September 30 (Photo: VNA) 
