Quang Ninh Hosts Vietnam-Japan Relations Event Marking 50 Years of Diplomatic Ties and 60 Years of the Province's Establishment

Posted on | Business News

AMATA City Ha Long proudly showcased its contributions to the influx of Japanese Foreign Direct Investment (FDI) into Quang Ninh during the investment promotion conference titled “Contributing to the sustainable development of Vietnam-Japan,” held on November 17th. The conference was part of the activities commemorating the 50th anniversary of Vietnam-Japan diplomatic ties and the 60th anniversary of the establishment of Quang Ninh province.

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Key figures, including Japanese Ambassador in Vietnam Mr. Yamada Takio, Governor of Hokkaido prefecture Suzuki Naomichi, and top leaders of Quang Ninh province, along with numerous Japanese investors and related businesses, participated in the event.

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Photo: Mr. Nguyen Van Nhan, General Director of AMATA City Ha Long Joint Stock Company sharing on stage

AMATA City Ha Long, in its presentation, highlighted the park's development and achievements, particularly in 2023, where it garnered significant attention from investors due to various advantages supported by the local authority. Japanese investors are crucial in our Southern industrial park AMATA City Bien Hoa, which was established in 1994, constituting 40% of FDI investors, and they are also a primary target for FDI attraction in AMATA City Ha Long.

Currently, AMATA in Quang Ninh has subleased nearly 12 hectares for upcoming projects in electronics and mechanicals by Japanese investors.

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Photo: Secretary of the Provincial Party Committee cum Chairman of the Provincial People's Council, Mr. Nguyen Xuan Ky, and representatives of four Japanese investors.

In the second part of the conference, AMATA participated as a witness in the Investment Registration Certificate Awarding ceremony for four Japanese investors—Castem, Parts Seiko, Fujix, and Tamagawa—who will become our tenants with a total investment capital of up to $80 million.

FDI Trends in Vietnam

In October 2023, foreign direct investment (FDI) in Vietnam reached over $25.76 billion, marking a 14.7% increase compared to the same period last year. The number of new investment projects also rose by 66.1%, with Quang Ninh surpassing major cities to become the top destination for FDI.

In the first nine months of 2023, Quang Ninh province attracted 19 new foreign direct investment (FDI) projects with a total registered capital of $826.54 million. Quang Ninh maintained its leadership in the provincial competitiveness rankings (PCI) for the sixth consecutive year in 2022, achieving top positions in various administrative reform indexes and economic management quality assessments.

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Photo: AMATA representatives with booth visitors - we are ready for you!

With strategic location, social connectivity through highways, international standard infrastructure, and utilities, coupled with favorable tax incentives, AMATA and Quang Ninh province are poised to attract more Japanese tenants in the future.



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