At the Hung Yen Investment Promotion Conference held on October 28 in Tokyo (Japan), Mr. Nguyen Hung Nam, Vice Chairman of the Hung Yen Provincial People’s Committee, emphasized that Japan is not only one of the most potential investors in Vietnam in general but also plays an important role in Hung Yen province in particular.
Notably, Mr. Nam highlighted Japan as the current largest FDI investor in Hung Yen, with 190 projects and a total registered capital of nearly $6.4 billion. The province's Thang Long II Industrial Park alone has attracted 152 Japanese projects with a total registered capital of nearly $3.8 billion, forming a strong industrial ecosystem of Japanese enterprises in the province.
Currently, Hung Yen is prioritizing the attraction of high-tech, electronics, semiconductor, clean, and energy-efficient industrial projects, aiming to develop green industry and achieve the net-zero emissions target by 2050.
Therefore, strengthening cooperation with Japanese investors in advanced and sustainable technology sectors will help promote industrial restructuring, enhance production capacity, and position Hung Yen as a leading green industrial hub in Vietnam.
“We hope to soon accompany Japanese enterprises in investment in large-scale, modern technology projects, thus contributing to improving production capacity, creating jobs, and promoting sustainable local growth in the new period,” Mr. Nam emphasized.
Dr. Kunihiko Hirabayashi, Secretary-General of the ASEAN-Japan Center (AJC), for his part, noted that Hung Yen province has undergone a remarkable transformation, from an agricultural area into a high-tech industrial center. The attractiveness of Hung Yen’s investment environment for Japanese investors comes from the transparent, responsive, and responsible leadership of the provincial authorities in monitoring and supporting businesses.
Moreover, he said, the province’s support and partnership with investors, along with efforts to improve policies based on practical feedback, has built strong trust and enabled stable Japanese investment in Hung Yen province.
Looking ahead, Dr. Hirabayashi affirmed that with the province’s commitment to green growth, carbon reduction, and high-tech innovation that aligns with Japan’s strengths in technology and human resource, many opportunities will be opened up for sustainable cooperation between the two sides.
Within the framework of the conference, Thang Long II Industrial Park Co., Ltd. and Sanyo Denki Co., Ltd. (Japan) also signed a memorandum of understanding (MoU) on investment cooperation. This agreement marks an important step in attracting high-tech projects to Hung Yen while creating strategic collaboration opportunities between Vietnamese and Japanese enterprises.
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