HCMC – HCMC is calling for Japanese firms to invest in major sectors like mechanical engineering, chemical, food processing, fashion and production of textile-garment materials and pharmaceuticals, HCMC vice chairman Tat Thanh Cang said. Cang mentioned the key sectors in need of Japanese investment at a meeting with a business delegation from Japan’s Saitama Prefecture on June 2. The delegation, headed by Saitama deputy governor Iwasaki Yasua, is in the city to foster economic cooperation between the two localities. Cang that some 700 Japanese enterprises have invested in HCMC and that more companies from the northeast Asian country are coming to explore business and investment opportunities in this city. The city government has developed industrial parks to facilitate operations of Japanese firms. Infrastructure facilities are being improved at Hiep Phuoc Industrial Park in Nha Be District and at the Automobile Mechanical Industrial Zone in Cu Chi District. Cang said the HCMC Department of Planning and Investment will set up a Japan division to help Japanese investors and build a strong bridge between them with local enterprises. Yasua said 80 companies based in Saitama Prefecture are active in sectors such as industrial devices, electromechanical and automobile sectors in HCMC, and that he hoped many more enterprises will enter this market.
