Hung Le
Katsuyuki Mizuma (L) of Mizuho Bank and Ho Van Nien of Ba Ria-Vung Tau Province sign an MoU on supporting Japanese companies to invest and explore business opportunities in the province - Photo: Hung Le
Ho Van Nien, vice chairman of Ba Ria-Vung Tau Province, said the deal with one of the major and prestigious banks of Japan was to strengthen cooperation in attracting Japanese investments to the province and aid operational companies from that country to expand operations.
Nien expected Mizuho will help bring more Japanese investors to the province to sound out the prospects of trading, tourism and other sectors.
Japanese consul general in HCMC Nakajima Satoshi said that Mizuho has formed a strong supporting network for Japanese companies through its facilities in Cambodia, Myanmar, Thailand and Vietnam. He believed that more assistance will be offered to Japanese firms which are exploring business opportunities or are already present in Ba Ria-Vung Tau Province.
Mizuho Bank’s managing executive officer Katsuyuki Mizuma said Ba Ria-Vung Tau has been known as a major seaport hub in Vietnam and for fast infrastructure development, including an expressway connecting HCMC and an airport underway. The deal with a province of great potential will enable it to provide more and better services for investors in the Mekong subregion.
Mizuma said Mizuho has transactions with 74% of the listed companies in Japan and offers financial services via its 94 offices in 37 countries and territories. The bank will cooperate with the province in organizing investment seminars and consulting in procedures for Japanese investors in the province.
Mizuho also lends to companies from Japan and elsewhere in the world to invest in projects in Vietnam, a market where it has branches in Hanoi and HCMC. In 2012, the bank acquired 15% of chartered capital of the Bank for Foreign Trade of Vietnam.
The Japanese consul general said ill-intentioned elements took advantage of worker protests against China’s unilateral acts in the East Sea to storm a number of Japanese enterprises in certain industrial zones in May but they quickly resumed operations with prompt support from the Government.
“Vietnam remains an attractive destination for Japanese enterprises and their interest in this market has never decreased,” Satoshi stressed.
Also on July 1, Ba Ria-Vung Tau Province announced establishment of a working group called Japan Desk to exclusively help Japanese firms active in the province. With participation of Japanese experts, the group will also help companies from that country gauge the business environment in the locality.
The group will work with Japan Desk HCMC and Japanese partners to introduce Ba Ria-Vung Tau Province to Japanese investors.
Ba Ria-Vung Tau Province has attracted 290 foreign direct investment projects with combined registered capital of US$26.6 billion. Of the total, Japanese firms are involved in 19 projects with more than US$1.9 billion in steel production, oil and gas pipe outsourcing, engineering, seaport, apparel and seafood sectors.
The Government has picked the province as one of the two localities in Vietnam for developing industrial parks for supporting industries.
Đăng ký: VietNam News