A trade promotion seminar was held in Danang city on November 23 to call for more Japanese investment in the central city.

 

The event was part of the 5th Vietnam-Kansai Economic Dialogue Forum, which opened in Danang on November 22.

  

Participants in the seminar, jointly held by the Danang City People’s Committee and the Japan External Trade Organization (JETRO), highlighted Danang’s investment opportunities, as well as its important role in the East-West Economic Corridor.

 

The city has great potential and advantages for developing the support industry, high technology, electronic equipment, consultation services, and renewable energy, they said.

 

The annual event, which is organized either in Danang of Vietnam or in Osaka of Japan, aims to promote investment in both countries, especially in human resource training, trade, tourism, and cultural exchange.

 

Japan is considered one of the most important partners of Danang in terms of economics, trade, investment and tourism cooperation. Currently, Japan’s foreign direct investment (FDI) in Danang is estimated at more than US$231.15 million, accounting for 8 percent of the city’s total FDI attractions.

 

More than 50 Japanese-invested projects are being implemented in Danang. Japan has provided official development assistance worth over US$330 million to the city.

 

VOV