30.09.2020, 18:22

Vietnam willing to welcome investment from Japanese IT firms: Official

Vietnam willing to welcome investment from Japanese IT firms: Official

Deputy Minister of Information and Communications Pham Anh Tuan speaks at the conference on September 30 (Photo: VNA)


Da Nang (VNA) – Vietnam is willing to welcome investment from Japanese IT enterprises , Deputy Minister of Information and Communications Pham Anh Tuan told an online conference on September 30.


Held to promote Japanese investment in the central city of Da Nang, the conference attracted the participation of about 200 investors and IT businesses from Japan.


In his remarks, Tuan said the Vietnamese Government has been completing its model, mechanism, and policy for the breakthrough development of concentrated IT and high-tech areas in Vietnam’s major economic hubs.


Da Nang is emerging as a “Silicon Valley” of Southeast Asia, with local authorities working to build its digital ecosystem and prioritising FDI projects in the high-tech sector, he added.


Vietnam is switching to the so-called “Make in Vietnam” movement, while boosting the formation of joint ventures and attracting foreign conglomerates, especially those producing smart equipment using the Internet of Things (IoT), artificial intelligence (AI), and big data technologies, among others.


The country has already released a national programme for digital transition by 2030 to create a digital space that covers activities in health, education, finance, agriculture, and transport, and a cooperative environment that assists foreign investors in Vietnam.


A Japanese representative at the conference said Japan is Vietnam’s second-largest foreign investor, pouring over 60 billion USD into some 4200 projects, including more than 700 in IT and communications.


As of September, Japan led in foreign investment in Da Nang, with 214 projects and more than 816 million USD, mostly in industrial production and services. Japan possesses strengths in capital, high quality human resources, and advanced IT, so boosting its IT investment in Da Nang would bring benefits to both.


Japanese enterprises also joined a business matching event on the sidelines of the conference on the afternoon of September 30./.


VNA