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The 2nd seminar with enterprises in Japan’s Niigata prefecture

Date 14/03/2024 - 16:18:00 | 100 views
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(MPI) - The Ministry of Planning and Investment hosted the second online seminar with businesses from Japan’s Niigata prefecture on March 14.

Photo: MPI

Nguyen Anh Tuan, Deputy Director of the Foreign Investment Agency, MPI hailed that the partnership between Vietnam and Japan has been comprehensively demonstrated across all fields, from investment, trade to tourism, cultural and people-to-people exchanges, achieving significant results.

The seminar, held annually, serves as an effective investment promotion channel, introducing new mechanisms and policies, and offering suggestions to improve the investment and business environment. The MPI will address the difficulties and obstacled faced by Japanese businesses, specifically those from Niigata prefecture, and provide specific responses.

Tuan welcomed the successful investment and business expansion in Vietnam by Niigata companies in a number of sectors such as education and food, expressing his hope that the cooperation will continue to be enhanced through investment activities between businesses from both sides.

Japanese investment in Vietnam is mostly concentrated in Thanh Hoa, Hanoi, Binh Duong, Ho Chi Minh City, and Hai Phong provinces, primarily in fields such as processing and manufacturing (62.1%), electricity, gas, and air conditioning production and distribution (15.4%), and real estate business activities (10.7%).

Regarding sectors and fields prioritized for attracting foreign investors, including Japanese investors, Vietnam focuses on electricity, electronics, semiconductors, innovation, research and development (R&D), digital economy, digital transformation, high-tech agriculture, and financial centers.

Sharing about solutions implemented by the Vietnamese Government, Tuan said that with the global minimum tax officially applied from January 1, 2024, the Vietnamese National Assembly has passed a resolution to apply additional corporate income tax according to global tax base erosion regulations, and assigned the Government to draft a decree on the establishment, management, and use of the Investment Support Fund from the global minimum tax revenue and other lawful sources./.

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