Vinh Phuc seeks to attract more strategic investors from Japan

  • A view of the conference. VNA Photo: Hoàng Hùng
    A view of the conference. VNA Photo: Hoàng Hùng
  • Vinh Phuc's authorities at the conference
    Vinh Phuc's authorities at the conference
  • President of Sojitz Corporation of Japan Masayoshi Fujimoto speaks at the conference. VNA Photo: Hoàng Hùng
    President of Sojitz Corporation of Japan Masayoshi Fujimoto speaks at the conference. VNA Photo: Hoàng Hùng
  • CEO of Vietnam Dairy Products JSC (Vinamilk) Mai Kieu Lien speaks at the conference. VNA Photo: Hoàng Hùng
    CEO of Vietnam Dairy Products JSC (Vinamilk) Mai Kieu Lien speaks at the conference. VNA Photo: Hoàng Hùng
  • Japanese investors at the conference. VNA Photo: Hoàng Hùng
    Japanese investors at the conference. VNA Photo: Hoàng Hùng
The People’s Committee of Vinh Phuc held a conference on March 8 with a view to attracting more strategic investors from Japan to the northern province. By the end of 2022, Vinh Phuc was home to 1,270 investment projects, including 445 foreign direct investment (FDI) projects worth 7.55 billion USD and 825 domestic direct investment ones worth over 121 trillion VND (5.1 billion USD). Among the 20 countries and territories investing in the province, Japan ranked second with 58 projects worth more than 1.6 billion USD, after the Republic of Korea in terms of the registered capital. Most Japanese investors in Vinh Phuc are operating in mechanics, automobile and motorcycle production, electronics manufacturing, and industrial park infrastructure development. They account for 88% of FDI firms’ contributions to the local budget, according to the provincial People’s Committee. VNA Photo: Hoàng Hùng

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