The MoUs were signed by Chairman of the Hanoi People’s Committee Nguyen Duc Chung and representatives of the Japanese groups in Tokyo, Japan, in the presence of Prime Minister Nguyen Xuan Phuc.

At the signing ceremony.

They included the MoU between the Hanoi People’s Committee, Japan’s Sumitomo Group and its Vietnamese partner BRG Group to develop projects in Tay Ho districts and Dong Anh Industrial Park in Dong Anh district at a combined investment of 3 billion USD.

Hanoi also agreed with Hanoi-based IDS Equity Holdings and Japanese investors on a number of projects to build office buildings and hotels in the city which are estimated to worth about 500 million USD and with Aeon Mall Vietnam, a subsidiary of Japan-based Aeon Mall Corporation to construct a 250-millinon-USD new shopping mall in Bac Tu Liem district.

In a prior meeting with Chung, leaders of Japan-based Nidec Corporation proposed to invest 1 billion USD in a project in the capital city.

Chung he been accompanying PM Nguyen Xuan Phuc in a working visit to Japan from June 30 to July 1. He held meetings with leaders of Mitsubishi, Sumitomo, Aeon, IDS Equity Holdings and Nidec to promote Japanese investment in Hanoi.

He introduced Hanoi’s business climate and investment incentive policies, saying the city has made concrete efforts to speed up public administration reforms and facilitate foreign investors. In 2018, the city jumped up four places from the previous year in the Provincial Competitiveness Index (PCI) and led the country in FDI attraction.

The mayor also noted that Japan became the largest foreign investor in Hanoi last year and predicted the East Asian country will retain the top spot this year. He pledged to provide support for Japanese investors in terms of procedures, land lease and human resources training when doing business in prioritized areas.

Bac Giang: 86 investment projects licensed and adjusted in first 6 months

(BGO) – As of June 17, 2019, Bac Giang province licensed and adjusted 86 investment projects, accounting for 72 percent with total capital of 542 milion USD, up 73.8 percent comparing to the same period last year.

Philippine company eyes investment in Vietnam’s tea industry

JG Summit Holdings, Inc., one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects.

Creating favorable, open investment environment

(BGO) - The number of investment projects in Bac Giang city (Bac Giang province) has increased sharply, with many large projects already put into operation, contributing to promoting local socio-economic development. That is the result of the city’s efforts to improve the investment environment.

Korean start-ups seek investment opportunities in Vietnam

An event was held in Ho Chi Minh City on June 3 to help start-ups from the Republic of Korea (RoK) to seek investment opportunities in Vietnam.

Continue infrastructure investment, improving people’s living standards in disadvantaged areas

(BGO)- On 29 May, Vice Chairman of the provincial People’s Committee Le Anh Duong and the leader of the provincial Committee for Ethnic Affairs checked on the constructions invested under the Resolution No 12/2018/NQ-HDND by the provincial People’s Council on supporting policies for the most disadvantaged villages of the province in 2 communes of Giao Liem and Phuc Thang, Son Dong district.

Source: VNA