(MPI) - The 48th online dialogue with businesses in Aichi Prefecture, Japan was held on the afternoon of March 21, 2024 to conduct investment promotion activities between businesses in Aichi Prefecture, Japan and Vietnamese localities as well as to answer and resolve problems for businesses.
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| The 48th online discussion with businesses from Aichi province, Japan at the Ministry of Planning and Investment . Photo: MPI |
Speaking at the seminar, Mr. Nguyen Anh Tuan, Deputy Director of the Foreign Investment Department, Ministry of Planning and Investment, emphasized the close cooperation between Aichi Prefecture and the Ministry of Planning and Investment in recent times. Many annual seminars have been held to update the investment and business situation in the most timely manner. Through the Aichi Support Desk established in 2009, the Ministry of Planning and Investment has also actively supported the production and business activities of Aichi Prefecture enterprises operating in Vietnam.
Investment from Aichi prefecture enterprises is increasing in both quantity and scale and quality of projects. Currently, most of Aichi’s large enterprises such as Toyota Motor Corp, Denso, Mitsubishi Aireaft, Brother Industries, etc. have also invested in Vietnam; many small and medium enterprises of Aichi have also done similar activities and achieved very good results.
Mr. Nguyen Anh Tuan hopes that through the seminar, investment from Aichi province's enterprises will be increased in scale as well as more diversified in emerging industries and fields.
In 2023, the total newly registered FDI capital reached 20.18 billion USD (up 62.2% over the same period) with 3,188 projects (up 56.6%). Japan was also the second largest partner country of Vietnam last year with 302 newly licensed projects and a total registered capital of 6,566.04 million USD. In terms of the number of newly registered projects, Japanese investment led in 2018 in the processing and manufacturing industry, in 2019 in professional activities, science and technology, and from 2020 in wholesale and retail.
The Japan External Trade Organization (JETRO) rated Vietnam as the second most attractive investment destination in the world and the first in Asia; Moody's and S&P also rated Vietnam as one of two Asian countries with stable and positive improvements in long-term credit index; SHBC Bank also believes that Vietnam is an attractive destination for foreign enterprises.
At the Seminar, the Ministry of Planning and Investment gave an overview of special investment incentives under the Investment Law and Decision No. 29/2021/QD-TTg dated October 6, 2021 of the Prime Minister regulating special investment incentives and a number of solutions that the Vietnamese Government is implementing such as continuing to improve laws, policies, administrative reforms, simplifying procedures to continue improving the business investment environment; promoting digital transformation, green transformation, energy transformation, innovation, deploying information technology infrastructure to serve people and businesses./.
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