Japanese firms pay most heed to environment-life field in HCMC

Japanese businesses have paid the most interest in environment-life field including traffic jam and flooding in HCMC, said Mr. Pham Thiet Hoa, director of HCMC Investment and Trade Promotion Center (IPTC) on November 18.
He was speaking at a round table meeting between the municipal authorities and Japanese firms community; presided over by standing deputy chairman of HCMC People’s Committee Le Thanh Liem; co-organized by HCMC Investment and Trade Promotion Center (IPTC) and Japanese Business Association in Ho Chi Minh City (JCCH) and attended by Mr. Kawaue Junichi who is Japanese Consul General to HCMC.
According to Mr. Hoa, from October 29 till November 1, the center worked with 19 agencies to organize four preparatory meetings with JCCH, discussing 17 contents related to environment-life field, nine related to law-labor, eight tax and four customs.
At the meetings, Japanese firms paid the most interest in the field of environment-life saying that some matters have been improved. Specifically, the number of traffic jam caused by road works has reduced, the city’s efforts to tackle flooding has got some results and English guide boards in District 1 have been better.
In the opening speech of the roundtable meeting, Mr. Le Thanh Liem said that Japan was the five largest investor in HCMC at the end of November with 1,247 valid projects and total investment capital nearing $4.2 billion.
Compared to 2017, the number of newly registered projects has increased by 200 and the amount of additional capital has gone up by $200 million from Japanese investors.
Currently, JCCH has 1,000 members, up 70 over last year.
The city’s implementation of the specific mechanism according to Resolution 54 of the National Assembly as well as smart city and innovative district models is expected to create more advantageous mechanisms and investment environment.
Mr. Le Thanh Liem required agencies to fully report problems presented by JCCH, synthesize those beyond their jurisdiction to send to the city People’s Committee. The committee will then report to ministries to give feedbacks as soon as possible.
He appreciated the close coordination between JCCH and ITPC and city agencies, hoping that Japanese businesses to continue believing in the city’s investment environment and choosing HCMC to be their investment destination to benefit both sides.

By THUY HAI – Translated by Hai Mien

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