Japanese businesses keen to improve business environment in Vietnam
Representatives from the Japanese business community in Vietnam have expressed a desire to improve the country’s business environment.
At a seminar held in the southern province of Binh Duong on October 3, Japanese businesses said they are pleased with Binh Duong’s investment environment, crediting the maintenance of political security with facilitating businesses’ production activities.
Some representatives urged the province to strive for an even healthier and more advanced investment environment. They noted that hi-tech sectors and the region’s industrial parks enjoy preferential tax policies for 3-4 years compared to the 8 year longevity of similar Thai initiatives.
Representatives from the Japanese Business Association in HCM City said that the variations in preferential policies across provinces are forcing some Japanese investors to reconsider their capital and investment expansion decisions.
Other representatives asked Binh Duong to devise an environmental protection roadmap so businesses can actively participate in technology transference that could ultimately assist with reducing environmental pollution.
Le Thanh Chung, Chairman of the Binh Duong provincial People’s Committee, spoke highly of the Japanese business community’s opinions, promising they will be considered as part of the province’s attempts to improve its investment environment.
According to a report from the provincial Department of Planning and Investment, Binh Duong has so far attracted 167 Japanese investment projects with a total capitalization of over US$3.1 billion.