Hanoi commits all possible support for Japanese investors

Update: 09:00 | 11/12/2019

Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung has affirmed that Hanoi always provides all possible support for foreign investors and those from Japan in particular.

During a working session in Hanoi on December 10 with President and CEO of Japan’s Sumitomo Corporation Masayuki Hyodo, Chung lauded Sumitomo and the CEO himself for investing in major projects and introducing other firms to invest in the city.

Hanoi, all possible support, Japanese investors, foreign investors, foreign direct investment attraction, smart city,  total investment

At the working session.

He said Hanoi always takes the lead nationwide in terms of foreign direct investment attraction with an estimated value of over 10 billion USD this year, raising the total investment it has attracted so far to 42 billion USD.

The host said Sumitomo’s building of a smart city in the north of Hanoi will help ease pressure on the inner city. The city will cost over 4.1 billion USD and will cover 271.45ha in Vinh Ngoc and Hai Boi communes, the outlying district of Dong Anh.

Chung said the city has directed local authorities and agencies to step up site clearance and offer assistance to the investor.

Hyodo, for his part, said Sumitomo will do its best to complete the project as scheduled.

As Sumitomo will celebrate its 100th founding anniversary this month, he expressed hope that it will further grow and invest more in Vietnam and Hanoi in particular.

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Source: VNA

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