It is part of the Vietnam-Japan Meeting 2012 which is taking place in Japan from September 13-17.

The event drew more than 300 delegates including major investors and businesses from Japan and Vietnam.

Addressing the opening ceremony, Vietnamese Ambassador to Japan Doan Xuan Hung stressed the long-standing and mutually trusted relationship between Vietnam and Japan, considering it a firm foundation for bilateral economic, trade and investment development.

At the forum, representatives from five localities of Vietnam namely Haiphong, Thua Thien-Hue city, Phu Yen, Binh Dinh and Vung Tau, introduced their potential for developing industrial zones, as well as investment encouragement policies.

Noriyuki Watanabe, General Director of the Sumitomo Mitsui Banking Corporation in Hanoi said that although Vietnam boasts more than 280 industrial zones, many of them have yet to met Japanese enterprises’ criteria.

He suggested that the Vietnamese government attract more foreign investment in the field of the support industry.

Japan is currently Vietnam’s leading foreign investor with more than 1,700 projects worth US$28 billion.

Source: VOV