(MPI) - The 48th online seminar with enterprises from Aichi prefecture, Japan was held on March 21 to foster investment activities between businesses of Japan’s prefecture and various Vietnamese localities as well as to address facing issues.

At the conference from the Ministry of Planning and Investment. Photo: MPI

Nguyen Anh Tuan, Deputy Director of Foreign Investment Agency, Ministry of Planning and Investment (MPI) said that through the Aichi Support Desk established in 2009, the MPI has actively supported the business and investment activities of Aichi enterprises operating in Vietnam.

Aichi investment continue to increasing in terms of both quantity and quality of projects. Most of Aichi’s major corporations like Toyota Motor Corp, Denso, Mitsubishi Aircraft, and Brother Industries have extensive investment activities in Vietnam. Many small and medium-sized enterprises from Aichi also engaged in such activities and yielded positive results.

Tuan expressed his hope that through this seminar, the investment from Aichi businesses would be enhanced in scale and diversified into new industries and sectors.

Japan is Vietnam’s second-largest partner in the previous year with 302 newly-registered projects worth 6.566,04 million USD. In terms of number of new projects, Japanese investment led in 2018 in the processing and manufacturing industry, in 2019 in professional, scientific and technological activities, and from 2020 in wholesale and retail.

The Japan External Trade Organization (JETRO) ranked Vietnam as the second most attractive investment location in the world and the first in the Asia region. Moody and S&P assessed Vietnam as one of the two Asian countries with improved long-term credit ratings at a stable, positive level; and HSBC also considered Vietnam an attractive destination for foreign enterprises.

At the conference, the MPI introduced special investment incentives under the Investment Law and Decision No. 29/2021/QD-TTg dated October 6, 2021 by the Prime Minister on special investment incentives, along with several solutions the Vietnamese Government is implementing such as continuing to refine laws and policies, administrative reform, simplification of procedures to further improve the investment and business environment; promoting digital transformation, green transition, energy transition, innovation, and deploying information technology infrastructure to serve the public and businesses./.

Bao Linh

Ministry of Planning and Investment