Showing posts with label Japanese. Show all posts
Showing posts with label Japanese. Show all posts

Sunday, February 6, 2011

Japanese company set to serve Vietnamese agriculture

The Japanese multinational Sumitomo Corporation on October 14 officially
opened a company in Ho Chi Minh City to provide products that serve
the agricultural sector.


The corporation’s
chairman Ray Nishimoto, representatives of the Japanese Consulate
General and others from relevant Vietnamese agencies and institutions
attended the event.


Currently, the company is
producing pesticides such as Padan 95SP, 50 SP, Validacin 3L, 5L, Sumi
Eight 12.5 WP, Dantotsu 16 WDG, 50 WDG, and Starner 20 WP, which
annihilates bacteria that cause rotten fruit and vegetables. These
products help farmers increase productivity, ensure product quality for
domestic and export markets, and contribute to building an advanced
agricultural sector.


According to Kimitoshi Umeda,
the corporation’s global marketing director, the Sumitomo Vietnam has
worked out policies on researching and developing products and waste
treatment that do not harm the environment.


In addition, the product price is suitable for Vietnamese farmers, he said./.

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Monday, January 10, 2011

Time right for Vietnam to woo Japan: economist

A Japanese economist who advises the Vietnamese Ministry of Planning and Investment has said Vietnam should take advantage of the current economic and political situation to boost exports to Japan and attract Japanese investment.

With the yen’s relentless rise taking it to a 15-year high against the dollar last month, Vietnam’s exports to Japan are cheaper while Japanese investors are doing business more aggressively overseas, Kyoshiro Ichikawa told Tuoi Tre in an exclusive interview.

The recent territorial tension between China and Japan will surely make Japanese investors think twice about pouring more money in China and they are likely to partially or wholly relocate their investments and production facilities to Vietnam, he said.

The yen is likely to rise further in the short term since US economic recovery is slower than expected, he said.

But he allayed the fears that the appreciating yen will mean Vietnam’s official development assistance debt to Japan will rise since the appreciation is a short-term phenomenon.

Japan ODA commitments to Vietnam are worth over 1.394 trillion yen.

It used to be the equivalent of $14 billion but has risen to nearly $16.3 billion. In terms of the depreciating dong, it has risen from VND251 trillion to VND304.5 trillion.

Projects funded by ODA loans and yen-denominated commercial loans will be affected adversely by the currency appreciation, the ministry had said earlier.

Japan is one of Vietnam’s largest trading partners.

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Time right for Vietnam to woo Japan: economist

A Japanese economist who advises the Vietnamese Ministry of Planning and Investment has said Vietnam should take advantage of the current economic and political situation to boost exports to Japan and attract Japanese investment.

With the yen’s relentless rise taking it to a 15-year high against the dollar last month, Vietnam’s exports to Japan are cheaper while Japanese investors are doing business more aggressively overseas, Kyoshiro Ichikawa told Tuoi Tre in an exclusive interview.

The recent territorial tension between China and Japan will surely make Japanese investors think twice about pouring more money in China and they are likely to partially or wholly relocate their investments and production facilities to Vietnam, he said.

The yen is likely to rise further in the short term since US economic recovery is slower than expected, he said.

But he allayed the fears that the appreciating yen will mean Vietnam’s official development assistance debt to Japan will rise since the appreciation is a short-term phenomenon.

Japan ODA commitments to Vietnam are worth over 1.394 trillion yen.

It used to be the equivalent of $14 billion but has risen to nearly $16.3 billion. In terms of the depreciating dong, it has risen from VND251 trillion to VND304.5 trillion.

Projects funded by ODA loans and yen-denominated commercial loans will be affected adversely by the currency appreciation, the ministry had said earlier.

Japan is one of Vietnam’s largest trading partners.

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Friday, December 17, 2010

Japan ICT companies back to Vietnam for business

Kenji Ogawa (L), vice chairman of the Information Technology Promotion Agency (IPA-Japan), and Pham Tan Cong (R), general secretary of Vinasa, congratulate each other on the signing of the MOU on development of the human resource valuation system applicable to Vietnam ICT enterprises - Photo: Hien Nguyen
HCMC – Japanese information and communication technology enterprises are coming back to Vietnam to grasp business opportunities after an interruption caused by the financial crisis since end-2008, heard the Vietnam Japan IT Day in the city on Monday.

The event, organized by the Vietnam Software Association (Vinasa) and Vinasa Japan IT Cooperation Club, is attended by about 50 Japanese enterprises like NEC, GDS and Cybozu, Pham Tan Cong, general secretary of Vinasa, told the Daily on the sidelines of the event.

Many Japanese ICT firms shut down their Vietnam branches in the aftermath of the crisis, Cong said, and 2009 was a tough year for the Japanese ICT industry although Japan was a huge market with annual turnover of US$130 billion.

Vietnam’s software outsourcing sector also felt the impact of the Japanese ICT sector’s woes since it is recognized as the third largest partner of Japanese firms.

FPT, the country’s biggest ICT enterprise, was hurt when ICT companies of Japan left Vietnam; about 56% of its revenue came from Japan’s market.

“A tough period seems to be over. On Tuesday Japan ICT companies are back to Vietnam and they are searching for new partners and new business opportunities,” Cong noted.

Since early this year, he added, Vietnamese and Japanese ICT companies have exchanged many business matching trips and clinched a lot of high-value deals. “It’s a good sign for the Vietnam software outsourcing sector.”

Hiromi Sugiyama, vice chairman of the Japan Information Technology Service Industry Association, said the worst for Japan’s ICT industry was over and that it was time for it to explore new partners and business deals.

Vietnam’s software outsourcing segment is recognized as a key partner of Japan, Sugiyama said, adding embedded software development, business application software development and data entry were in need of Vietnamese firms.

He said Japan’s offshore outsourcing volume grew rapidly, from US$1.37 billion in 2004 to US$4.33 billion in 2008. Vietnam ICT enterprises are mostly likely to gain slice of this huge pie.

“Japan is a serious market. To win a contract from the market, Vietnam ICT companies should enhance the quality of IT developers’ skills and of services,” he noted.

On Monday saw Vinasa signing a memorandum of understanding with the Information- Technology Promotion Agency (IPA-Japan) to promote the human resource valuation system in Vietnam ICT enterprises.

IPA will provide technical support for Vinasa to build up the system and deploy it by early 2011.

In a related development, the Taiwan External Trade Development Council (TAITRA) in Vietnam on Monday launched a campaign to promote its information technology products here in the local market.

The Taiwan Excellence campaign is organized by TAITRA and supported by 17 selective Taiwan information technology brands including ASUS, MSI, D-link, BenQ, Genius and Optoma.

TAITRA said it would organize a Taiwan information technology expo in HCMC next month to promote its products locally.

The Ministry of Information and Communications reported that between 2000 and 2009, Vietnam’s IT industry grew at double digits, 20-25% a year.

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Wednesday, December 8, 2010

Japan says further yen gains should be stopped

TOKYO - Further gains in the yen should be stopped and Japan will maintain close coordination with the US and UN if it intervenes in the foreign exchange market to curb its currency's rise, Japan's foreign minister was quoted as saying.

In an interview with the Wall Street Journal on the sidelines of a U.N. General Assembly meeting in New York, Foreign Minister Seiji Maehara said he did not expect joint intervention involving other countries.

Japan intervened in the foreign exchange market on Sept. 15 to curb the rising yen, which was at 15-year highs against the dollar. It was the first time Tokyo had stepped into the currency market in six years.

Maehara, in excerpts of the interview also published online late on Friday, said the yen had strengthened more than indicated by the actual strength of the Japanese economy.

"So with a very strong determination on the part of the Japanese government, any further appreciation of the yen should be stopped," Maehara, who has no direct responsibility for currency policy, was quoted as saying.

"Going forward, there may be a possibility for the Japanese government to show its very determined intent" to keep the currency from strengthening, Maehara was quoted as saying.

Tokyo would keep its economic partners informed of its actions, he was quoted as saying.

The dollar is trading at about 84.20 yen after falling to a 15-year low of 82.87 yen on Sept. 15, shortly before Japanese authorities intervened to stop yen strength from damaging a fragile economic recovery.

A sudden slide in the yen against the dollar on Friday stirred suspicions Japan had intervened for a second time this month.

But the yen later recovered and Japanese Prime Minister Naoto Kan said on Friday he was unaware of any new market intervention by Tokyo.

Kan, just re-elected as leader of the ruling party, faces a weak economy and a divided parliament, so is keen to be seen as proactive in efforts to curb the strength in the yen, which has hurt Japan's stock market and sparked the ire of exporters.

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Sunday, November 28, 2010

Machine tools expo to open next month

The 2010 International Machine Tools and Metal Working Technology Exhibition (Metalex Viet Nam 2010) will be held at the Saigon Exhibition and Convention Center from October 7-9.

The event will feature 500 brands of high-tech metalworking, machinery, technologies and electronic products from 25 countries and territories worldwide, including Japan, Thailand, Singapore and China among others.

For the first time, this event is organized along the fourth exhibition on supporting industry. The two exhibitions are jointly held by the Thai Reed Tradex Co, Japan External Trade Organization (JETRO) and the Ho Chi Minh City Investment and Trade Promotion Center (ITPC).

Nguyen Khac Duy, director of the ITPC said the combination of the two large exhibitions was a significant for the machinery industry. Traders will have opportunity to share experiences, discover new technologies and expand their business networks.

The supporting industry exhibition will display spare parts, accessories, components and supporting services from Japanese and Vietnamese suppliers.

Nattha Chaowawanich, deputy managing director of Reed Tradex, said Vietnamese manufacturers and enterprises should not miss this important opportunity to meet Japanese firms as well as promote business activities and raise the competition among Vietnamese enterprises.

During the exhibition, organizers will also hold conferences "Producing and Manufacturing Management of Japan", "The gap between partnering Japanese and Vietnamese firms", "The success of Thai companies in supplying commodities to Japan", and "Factory management of Japanese enterprises".

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Machine tools expo to open next month

The 2010 International Machine Tools and Metal Working Technology Exhibition (Metalex Viet Nam 2010) will be held at the Saigon Exhibition and Convention Center from October 7-9.

The event will feature 500 brands of high-tech metalworking, machinery, technologies and electronic products from 25 countries and territories worldwide, including Japan, Thailand, Singapore and China among others.

For the first time, this event is organized along the fourth exhibition on supporting industry. The two exhibitions are jointly held by the Thai Reed Tradex Co, Japan External Trade Organization (JETRO) and the Ho Chi Minh City Investment and Trade Promotion Center (ITPC).

Nguyen Khac Duy, director of the ITPC said the combination of the two large exhibitions was a significant for the machinery industry. Traders will have opportunity to share experiences, discover new technologies and expand their business networks.

The supporting industry exhibition will display spare parts, accessories, components and supporting services from Japanese and Vietnamese suppliers.

Nattha Chaowawanich, deputy managing director of Reed Tradex, said Vietnamese manufacturers and enterprises should not miss this important opportunity to meet Japanese firms as well as promote business activities and raise the competition among Vietnamese enterprises.

During the exhibition, organizers will also hold conferences "Producing and Manufacturing Management of Japan", "The gap between partnering Japanese and Vietnamese firms", "The success of Thai companies in supplying commodities to Japan", and "Factory management of Japanese enterprises".

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Saturday, November 27, 2010

Machine tools expo to open next month

The 2010 International Machine Tools and Metal working Technology
Exhibition (Metalex Viet Nam 2010) will be held at the Sai Gon
Exhibition and Convention Centre from October 7-9.


The
event will feature 500 brands of high-tech metalworking, machinery,
technologies and electronic products from 25 countries and territories
worldwide, including Japan , Thailand , Singapore and China
among others.


For the first time, this event is organised
along the fourth exhibition on supporting industry. The two exhibitions
are jointly held by the Thai Reed Tradex Company, Japan External Trade
Organisation (JETRO) and the HCM City Investment and Trade Promotion
Centre (ITPC).


Nguyen Khac Duy, director of the ITPC said
the combination of the two large exhibitions was a significant for the
machinery industry. Traders will have opportunity to share experiences,
discover new technologies and expand their business networks.


The supporting industry exhibition woull display spare parts,
accessories, components and supporting services from Japanese and
Vietnamese suppliers.


Nattha Chaowawanich, deputy managing
director of Reed Tradex, said Vietnamese manufacturers and enterprises
should not miss this important opportunity to meet Japanese firms as
well as promote business activities and raise the competition among
Vietnamese enterprises.


During the exhibition, organisers
will also hold conferences "Producing and Manufacturing Management of
Japan", "The gap between partnering Japanese and Vietnamese firms", "The
success of Thai companies in supplying commodities to Japan", and
"Factory management of Japanese enterprises"./.

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Wednesday, November 24, 2010

Japan urges Vietnam to develop supporting industries

The Director of Japan’s External Trade Organization (JETRO) in Ho Chi Minh City Yoshida Sakae has recommended that Vietnam prioritizes developing its supporting industries to attract investors.

Sakae said that the number of Japanese businesses investing in Vietnam only represents one-seventh of the amount that invests in Thailand as the nation’s supporting industries do not yet meet Japanese businesses’ requirements.

The availability of domestic suppliers is of special concern to Japanese businesses before they invest, he said.

According to Sakae, attracting investment and developing supporting industries are in Vietnam’s best interests. Under commitments to the World Trade Organization and the agreement to establish the ASEAN Free Trade Area (AFTA), Vietnam will abolish tariffs by 2015.

However Vietnam’s young automobile and computer industries which depend on imported parts cannot compete with foreign products, he said.

Sakae emphasized the necessity for Vietnam to have a sound investment policy for supporting industries with a special focus on mechanical engineering, steel, plastics and machine parts.

On Japanese businesses’ investing in Vietnam , Sakae said that Vietnam could be an alternative attractive destination as a number of Japanese businesses are intending to leave China due to the increasing amount of strikes and rising production costs in the country.

JETRO’s statistics revealed that there are more than 1,000 Japanese businesses currently investing in Vietnam.

Apart from light industry, assembly plants and infrastructure development, Japanese businesses are also involved in oil refining, steel, trade and retail services.

He forecast that Japanese businesses will get involved in every industry in Vietnam.

The Vietnamese Ministry of Planning and Investment says that by July 2010, Japan had 1,244 valid projects with a total combined capital of nearly US$19.6 billion, ranking third amongst foreign investors in Vietnam.

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Japan urges Vietnam to develop supporting industries

The Director of Japan’s External Trade Organisation (JETRO) in Ho Chi
Minh City Yoshida Sakae, has recommended that Vietnam prioritises
developing its supporting industries to attract investors.


Sakae said that the number of Japanese businesses investing in
Vietnam only represents one-seventh of the amount that invests in
Thailand as the nation’s supporting industries do not yet meet
Japanese businesses’ requirements.


The availability of domestic suppliers is of special concern to Japanese businesses before they invest, he said.


According to Sakae, attracting investment and developing supporting
industries are in Vietnam ’s best interests. Under commitments to the
World Trade Organisation and the agreement to establish the ASEAN Free
Trade Area (AFTA), Vietnam will abolish tariffs by 2015.


However Vietnam ’s young automobile and computer industries which
depends on imported parts cannot compete with foreign products, he said.


Sakae emphasised the necessity for Vietnam to
have a sound investment policy for supporting industries with a special
focus on mechanical engineering, steel, plastics and machine parts.


On Japanese businesses’ investing in Vietnam , Sakae said that
Vietnam could be an alternative attractive destination as a number of
Japanese businesses are intending to leave China due to the
increasing amount of strikes and rising production costs in the country.


JETRO’s statistics revealed that there are more than 1,000 Japanese businesses currently investing in Vietnam .


Apart from light industry, assembly plants and infrastructure
development, Japanese businesses are also involved in oil refining,
steel, trade and retail services.


He forecast that Japanese businesses will get involved in every industry in Vietnam .


The Vietnamese Ministry of Planning and Investment says that by July
2010, Japan had 1,244 valid projects with a total combined capital
of nearly 19.6 billion USD, ranking third amongst foreign investors in
Vietnam./.

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Thursday, October 28, 2010

Seminar seeks to increase handicraft exports to Japan

ceramic
Vietnamese ceramic products will be the highlight of a week-long festival in the southern province of Binh Duong in September
Photo: Tuoi Tre

Vietnamese businesses need to pay more attention to designing and creating unique handicraft products in order to boost exports to the Japanese market and increase their competitiveness over rivals from China, India and Myanmar, say Japanese experts.

At a seminar on increasing handicraft exports to the Japanese market, held in Hanoi Thursday, Setsuko Okura, Managing Director of the Japanese company Osmic Ltd, said that after becoming more competitive and attractive, many Vietnamese handicrafts have become popular in the Japanese market.


The use of Vietnam’s embroidered bags has also become trendy with young Japanese people.

She stated that in recent years, the design of Vietnamese ceramic and lacquer products has been vastly improved. However, to penetrate deeper into the Japanese market, Vietnamese handicrafts must ensure two factors: design and price.

According to Takata, a leading Japanese designer, besides these two factors, Vietnam’s handicraft products must be unique and decorative.

He suggested that the Vietnamese government should introduce strategies to train designers and encourage Vietnamese students to study design in Japan to ascertain Japanese consumers’ tastes.

At the seminar, several Japanese experts chose 10 Vietnamese handicraft producers to attend an exhibition themed “Lifestyle Vietnam ” in Tokyo from November 30 to December 9 this year.

According to the Ministry of Industry and Trade, Japan is one of Vietnam ’s major handicraft importers and is expected to import US$150 million worth of Vietnamese handicrafts this year, accounting for 4 percent of the country’s total handicraft import value.

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Tuesday, October 26, 2010

Unique design key to Japanese market

A woman makes handicrafts for export in Ha Noi's Chuong My District. – VNA/VNS Photo Dinh Hue

A woman makes handicrafts for export in Ha Noi's Chuong My District. – VNA/VNS Photo Dinh Hue

HA NOI — While Japan stands as one of Viet Nam's largest importers of handicrafts, there is still potential to further increase sales in that particular market, according to Do Kim Lang, deputy director of the Trade Promotion Agency under the Ministry of Industry and Trade's.

Speaking at a conference held yesterday, Lang urged local handicraft producers to continue to study Japanese customs and learn their market demands in order to maximise business opportunities.

Improving quality and diversifying designs should be the top priority as competition for Vietnamese arts and handicrafts continued to rise, Lang said.

Kohei Takata, a leading expert in the Japanese design industry agreed. He said design was the biggest challenge facing Vietnamese handicraft producers.

If the country intends to conquer the Japanese market, the Vietnamese must export products in alignment with the design standards of Japanese consumers. In addition, Vietnamese producers need to improve the abilities of their designers.

Managing director Setsuko Okura of Japan's Osmic Limited Company said Viet Nam should decide whether it will produce and export large quantities of handicrafts or whether it will focus on producing smaller quantities of unique products with the potential for higher export prices. Okura noted that unique products were more aligned with Japanese consumer taste.

Other trade experts at the conference said that companies needed to pay closer attention to meeting delivery deadlines, maintaining product quality and complying with import regulations.

They should also take advantage of the information resources provided by trade promotion agencies in order to have up-to-date information on the Japanese market.

Viet Nam is targeting US$150 million worth of arts and handicrafts to be exported to Japan this year, which would account for 4 per cent of the Japanese demand. This figure is lower than Viet Nam's potential in this sector.

Lang concluded the conference by assuring companies that the Trade Promotion Agency would continue to support exports to Japan and South Korea. — VNS

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Sunday, October 24, 2010

Seminar seeks to increase handicraft exports to Japan

Vietnamese businesses need to pay more attention to designing and
creating unique handicraft products in order to boost exports to the
Japanese market and increase their competitiveness over rivals from
China , India and Myanmar , say Japanese experts.


At a seminar on increasing handicraft exports to the Japanese market,
held in Hanoi on September 9, Setsuko Okura, Managing Director of the
Japanese company Osmic Ltd, said that after becoming more competitive
and attractive, many Vietnamese handicrafts have become popular in the
Japanese market. The use of Vietnam ’s embroidered bags has also
become trendy with young Japanese people.


She
stated that in recent years, the design of Vietnamese ceramic and
lacquer products has been vastly improved. However, to penetrate deeper
into the Japanese market, Vietnamese handicrafts must ensure two
factors: design and price.


According to Takata, a
leading Japanese designer, besides these two factors, Vietnam ’s
handicraft products must be unique and decorative.


He suggested that the Vietnamese government should introduce strategies
to train designers and encourage Vietnamese students to study design in
Japan to ascertain Japanese consumers’ tastes.


At the seminar, several Japanese experts chose 10 Vietnamese
handicraft producers to attend an exhibition themed “Lifestyle Vietnam ”
in Tokyo from November 30 to December 9 this year.


According to the Ministry of Industry and Trade , Japan is one of
Vietnam ’s major handicraft importers and is expected to import 150
million USD worth of Vietnamese handicrafts this year, accounting for 4
percent of the country’s total handicraft import value./.

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Thursday, October 21, 2010

Japanese federation cooperates with Hung Yen

handshake

The Japan-Vietnam Friendship Parliamentarian Federation (JVFPF) wants to promote economic and investment ties with the northern province of Hung Yen.

JVFPF President Tsutomu Takebe delivered the message while leading a delegation to Hung Yen province on Wednesday.

He said the visit also aimed to strengthen the friendship between the JVFPF and Vietnam in general and Hung Yen province in particular, helping boost Japan ’s economic cooperation and investment activities in the locality.

The JVFPF has actively canvassed the Japanese government for granting ODA to Vietnam, he said, adding that he was pleased with the effective use of the funds in the country.

Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Nguyen Van Cuong stressed that Hung Yen Province places its confidence in Japanese friends in economic relations.

He said the province is ready to welcome Japanese universities’ investment in the Pho Hien University area.

During their stay in Hung Yen, the JVFPF delegation visited the Bunka shutter and door factory, one of Japan’s facilities in the Thang Long II Industrial Zone, and paid tribute to the late President of the Vietnam-Japan Friendship Parliamentarian Federation, Tran Dinh Hoan.

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Friday, October 8, 2010

Japanese want clear, fair retail rules

Japanese want clear, fair retail rulesJapanese investors eager to break into the Vietnamese market have called for a reform of the country’s procedures for licensing foreign retail outlets.

Any firm wishing to open more than two retail outlets in Vietnam must apply for a license and meet a WTO criterion known as the Economic Needs Test (ENT). The ENT is a criterion that each member state may establish to prevent market overkill in the retail sectors.

But it is not clear which agency administers the test and what calculations it uses to grant permission.

Last week, members of the Japanese Business Association of Ho Chi Minh City asked local officials to issue the ENT guidelines so they would know what conditions they had to meet to develop their businesses here.

Representatives from the Japanese firms said they were interested in the Vietnamese retail market, which was fully opened to foreign investors early last year, but they were hesitant to implement their projects because they were not sure what they needed to do to pass the ENT test.

The Japanese businesses also claimed that some foreign retailers, like Korean Lotte Mart, Malaysian Parkson and German Metro Cash & Carry were allowed to open more than two outlets in the country without passing the ENT test.

Local governments licensed the outlets with support from the Ministry of Industry and Trade, they noted.

Hirota Nakanishi, senior investment advisor at the Japan External Trade Organization’s office in HCMC, said that retail outlets and convenience stores would thrive in Vietnam, if prerequisite regulations were clear to foreign investors.

Nakanishi added that the government should not only issue the ENT guidelines soon, it should also simplify licensing procedures.

These procedures have been complicated by local governments who have begun granting licenses without following any uniform guidelines, he said.

Lu Thanh Phong, deputy director of HCMC’s Planning and Investment Department, responded to Nakanishi’s claims by saying that some foreign retailers like Lotte Mart were licensed before Vietnam joined the WTO in 2007.

About 216 licenses have been granted to foreign investors to import, export and trade in the country since then, he added.

Other concerns

Shimasaki Ryuhei, deputy chairman of the association, said Japanese investors are also concerned about issues like traffic and taxi services in Vietnam that could dampen investor interest.

Upon arriving at the international airport in HCMC he said, most prospective investors run immediately into rude and fraudulent taxi drivers who demand unreasonably high fares and refuse to serve them at night.

Ryuhei said Japanese investors are also worried about illegal strikes that might affect their investments in the country. He asked what measures the local government was taking to rectify the situation.

Le Thanh Tam, director of HCMC’s Labor, War Invalids and Social Affairs Department, said no court had yet issued a ruling on the legality of strikes in Vietnam.

He said the country has seen more strikes occur in foreign firms than their local counterparts.

Moreover, Tam said the number of strikes shrank from 200 in 2008 to 70 last year in HCMC.

None of these involved Japanese businesses, he added.

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Saturday, September 11, 2010

Japan invests $12 bln to rebuild ASEAN cities

hcmc

About 400 Japanese enterprises will join the US$12 billion Smart East Asian Community Initiative by the government to rebuild the cities of the ASEAN member countries, including Vietnam, under a public-private partnership.

According to the daily Nikkei, Japan’s New Energy and Industrial Technology Development Organisation (NEDO) will work as a manager of the joint ventures with corporations including Toyota Corporation, Tokyo Energy Power Company, Tokyo Gas Company and Itochu Corporation.

These joint ventures will work with local authorities to set up an overall plan in March, 2011, to rebuild the urban areas in the cities of the ASEAN bloc, and will begin construction in Jakarta, Hanoi and Ho Chi Minh City in the next five years.

Under the project, the Japanese businesses will help these cities install smart electric systems, energy-efficient public transport and build water treatment facilities utilising green technology.

The Japanese Ministry of Economy, Trade and Industry and NEDO plan to supply technology and capital for feasibility studies.


Once implemented, the Japanese government will provide loans worth 70-80 percent of the total cost of each project through Japan Bank for International Cooperation and consider the use of Official Development Assistance for some projects.

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Japan invests $12 bln to rebuild ASEAN cities

hcmc

About 400 Japanese enterprises will join the US$12 billion Smart East Asian Community Initiative by the government to rebuild the cities of the ASEAN member countries, including Vietnam, under a public-private partnership.

According to the daily Nikkei, Japan’s New Energy and Industrial Technology Development Organisation (NEDO) will work as a manager of the joint ventures with corporations including Toyota Corporation, Tokyo Energy Power Company, Tokyo Gas Company and Itochu Corporation.

These joint ventures will work with local authorities to set up an overall plan in March, 2011, to rebuild the urban areas in the cities of the ASEAN bloc, and will begin construction in Jakarta, Hanoi and Ho Chi Minh City in the next five years.

Under the project, the Japanese businesses will help these cities install smart electric systems, energy-efficient public transport and build water treatment facilities utilising green technology.

The Japanese Ministry of Economy, Trade and Industry and NEDO plan to supply technology and capital for feasibility studies.


Once implemented, the Japanese government will provide loans worth 70-80 percent of the total cost of each project through Japan Bank for International Cooperation and consider the use of Official Development Assistance for some projects.

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Friday, September 10, 2010

Mekong province promotes foreign investment

mekong delta
Photo: Tuoi Tre

Long An province in the key southern economic zone presented a list of its advantages and made offers to Japanese businesses at a meeting with the Outward mission Monday.

Pham Van Ranh, Vice Chairman of the provincial People’s Committee, said like other parts of the country, Long An has emerged as a destination for foreign investors, citing advantages of political stability, steady economic growth and an industrious workforce.

“The province has a good land reserve for industrial and urban development and infrastructure construction,” Ranh said.

Long An authorities confirmed that labour strikes in foreign companies did not make any impact on the province. They also presented a new model for small investors who may rent a lot of just 100 sq. m. of land in the Long Hau industrial zone. Japanese investors were also assured of administrative reforms with very simple paper work.

Licences will be issued in 24 hours after all forms are filled, authorities emphasised.

The Mekong Delta province has so far granted licences for 328 foreign investment projects capitalised at almost US$3.18 billion, including the 11 projects by Japanese investors with a combined investment of $188 million.


One of the 11 Japanese-invested projects was licensed in 2010 with a capital of $100 million.

The Japanese business mission, led by Sato Shi Abe, Director of the ASEAN investment sharing sector under the Japan centre, was shown around several industrial zones. The guests also visited the Vina Eco Board Limited Liability Company under the Sumitomo Group and the Kaiyo Seafood Processing Company.

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Saturday, September 4, 2010

Mekong province promotes foreign investment

Long An province in the key southern economic zone presented a list of
its advantages and made offers to Japanese businesses at a meeting with
the Outward mission on August 23.


Pham Van Ranh,
Vice Chairman of the provincial People’s Committee, said like other
parts of the country, Long An has emerged as a destination for foreign
investors, citing advantages of political stability, steady economic
growth and an industrious workforce.


“The province has a good land reserve for industrial and urban development and infrastructure construction,” Ranh said.


Long An authorities confirmed that labour strikes in foreign
companies did not make any impact on the province. They also presented a
new model for small investors who may rent a lot of just 100 sq. m. of
land in the Long Hau industrial zone. Japanese investors were also
assured of administrative reforms with very simple paper work.


Licences will be issued in 24 hours after all forms are filled, authorities emphasised.


The Mekong Delta province has so far granted licences for 328 foreign
investment projects capitalised at almost 3.18 billion USD, including
the 11 projects by Japanese investors with a combined investment of 188
million USD. One of the 11 Japanese-invested projects was licensed in
2010 with a capital of 100 million USD.


The
Japanese business mission, led by Sato Shi Abe, Director of the ASEAN
investment sharing sector under the Japan centre, was shown around
several industrial zones. The guests also visited the Vina Eco Board
Limited Liability Company under the Sumitomo Group and the Kaiyo Seafood
Processing Company./.

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Thursday, August 26, 2010

Japan picks infrastructure projects in Vietnam

East-West-highway

The Japanese Government has decided to pick nine key projects in Southeast Asia, including five in Vietnam, to promote infrastructure export under a public-private partnership (PPP) initiative, a local media reported.

These projects, which will have an estimated combined cost of roughly 900 billion JPY (US$1.16 billion), include an international airport, a coal-fired power plant, an industrial park and urban development in Vietnam; work related to water supply systems in Vietnam, Malaysia and Indonesia; a highway in the Philippines; and a waste-processing facility in Indonesia, the Nikkei daily reported, adding that the Japanese Government plans to begin detailed feasibility studies in October this year.

According to the Nikkei, the Japanese Government aims to boost Japan’s infrastructure-related exports through public-private partnerships, as suggested by the Japan Business Federation, better known as Nippon Keidanren.

To provide the necessary funds for building roads and other social infrastructure, which often require large long-term investments, it is considering tapping its official development assistance programme. In addition, the Japan Bank for International Cooperation (JBIC) may offer financial support.

The Japanese Government also aims to resume overseas investment and loans by the Japan International Cooperation Agency (JICA) and seeks to help water departments at Japanese municipalities develop overseas water businesses.

In June, the Japanese cabinet adopted a goal of nurturing infrastructure-related export through public-private partnerships into a market worth 19.7 trillion JPY by 2020 as part of its new economic growth strategies, the Nikkei said.

 

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