On November 10 morning, Danang leaders delegation led by Mr. Huynh Duc Tho – Chairman of Danang People's Committee, Deputy Secretary of City Party Committee, had a working meeting with Japan Business Federation (Keidanren). Keidanren is the largest economic federation in Japan with members including 1,329 large corporations, 109 national industrial associations and 47 regional economic organizations in Japan. Mr. Nakamura Kuniharu, Chairman of Japan – Vietnam Economic Committee, President of Sumitomo Corporation and Mr. Takahashi Ryohei, Chairman of Japan – Vietnam Economic Committee, President of Showa Denko Corporation along with nearly 20 member corporations of Keidanren participated in the meeting.
At the meeting, leaders of Keidanren highly appreciated the role of Danang City in the socio-economic development of Vietnam, especially thanks to its strategic location in East West Economic Corridor and ASEAN Economic Community (AEC). Keidanren also appreciated the support and cooperation from the city to help Keidanren mission in early November have a successful field visit in Danang. Currently, Keidanren is actively taking part in activities to promote economic cooperation between Vietnam and Japan, focusing on industrialization, supporting industries, human resources development, etc.
Chairman Huynh Duc Tho briefly introduced the investment environment and socio-economic achievements of the city in recent years, affirming that Japanese investors and companies are considered long-term strategic partners in Danang's international cooperation and investment promotion policies. However, current FDI from Japan into Danang City is still relatively moderate. Chairman hope that in the future the city could cooperate with Keidanren to find solutions to meet the needs of Japanese companies, thereby promoting FDI flow from Japan into the city. The sectors that the city is calling for investment include hi-tech industry, ICT, supporting industries, service industries such as healthcare, education and training, tourism, etc. At the meeting, Mr. Doan Ngoc Hung Anh, Deputy Director of Danang Hi-tech Park also introduced Danang Hi-tech Park, prioritized investment fields and investment incentives for investors in this park.
During discussion, representatives of Keidanren member companies presented about their interests in opportunities of investment and trade in Danang. In particular, Fuji Electric Corporation would like to cooperate with Danang Hi-tech Park in electricity stabilization, Sapporo International Inc. in distribution of beer products in Danang, Sumitomo Corporation in infrastructure development, Kajima Corporation in Hoa Lien Water Treatment Plant project, etc.
In the afternoon of the same day, the delegation had a working meeting with leaders of Japan Finance Corporation about the possibility of cooperation with this corporation in introducing Danang to Japanese SMEs who are credit customers of this corporation. Leaders of the corporation thanked Danang Investment Promotion Center and Japan Desk Danang for their warm welcome and introduction of investment opportunities in Danang offered to SMEs missions that the Corporation sent to Danang for field visits recently.
Translated by IPC Danang
