Vĩnh Phúc seeks to attract more strategic investors from Japan

VĨNH PHÚC — The People’s Committee of Vĩnh Phúc held a conference on Wednesday to attract more strategic investors from Japan to the northern province. Other businesses noted that Việt Nam is a big market, and Vĩnh Phúc boasts favourable conditions. By the end of 2022, Vĩnh Phúc was home to 1,270 investment projects, including 445 foreign direct investment (FDI) projects worth US$7.55 billion and 825 domestic direct investment ones worth over VNĐ121 trillion ($5.1 billion). Among the 20 countries and territories investing in the province, Japan ranked second with 58 projects worth more than $1.6 billion, after the Republic of Korea in registered capital. Most Japanese investors in Vĩnh Phúc are operating in mechanics, automobile and motorcycle production, electronics manufacturing, and industrial park infrastructure development.