Higher development step in cooperative relations between Bac Ninh and Japanese partners strengthened

An investment conference in Bac Ninh province takes place in Osaka, Japan.

On September 21, 1973, Vietnam and Japan officially established diplomatic relations. 50 years is not a long period in the exchange relations’ history of nearly 1,300 years between the two nations, otherwise it has witnessed a rapid, outstanding and comprehensive development of the Friendly Cooperation between Vietnam and Japan. Two countries have become each other’s extremely important partners, sharing many common strategic interests and becoming a bright spot in implementing the foreign policy of independence, self-reliance, diversification and multilateralization in the international relations of the Party and State of Vietnam.

Based on the relationship between the two countries, at the local level, Bac Ninh province always pays attention to economic cooperation, investment promotion, and cultural exchanges with Japanese partners, especially in the context that the two countries are enthusiastically carrying out activities to celebrate the 50^th anniversary of the establishment of diplomatic relations. In September 2023, Bac Ninh province organized a conference “Investing in Bac Ninh” in Osaka prefecture (Japan). This is a continuation of the higher development in the good traditional cooperative relationship between Bac Ninh province and Japanese partners.

A friendly, constructive and serving authority which is ready for space, ready to reform and support has helped Bac Ninh become a selection trend, a safe and reliable destination for FDI enterprises in general and Japanese enterprises in particular. Among more than 2,040 projects from 39 countries and territories investing in Bac Ninh, Japan has about 100 valid projects with the registered capital of more than USD 1.67 billion (accounting for nearly 7% of total investment capital in the province). The capital mainly invested in the fields of electronic component manufacturing and mechanical engineering such as Canon Vietnam (USD 130 million), Seiki (USD 126 million), Hanacans (USD 114.4 million), Foster Electric Bac Ninh (USD 55 million) and so on.

Representative from Canon Vietnam Co., Ltd. speaks at the "Meet Bac Ninh - Japan" program.

Mr. Shigeyuki Okamoto, General Director of Canon Vietnam Co., Ltd., said that Canon has invested in Bac Ninh for 18 years. He stressed that throughout the years, we have always received many practical support from the local agencies and authority. At this point, I think that Bac Ninh has reached the highest level around the world in both aspects of location and favorable investment environment, he added.

Mr. Nakagawa Tetsuyuki, General Director of AEON MALL Vietnam Co., Ltd., said that Bac Ninh is a province with great development potential and rich in cultural and historical identity of Vietnam as well as its synchronous infrastructure system creates convenient traffic connections with neighboring provinces. He emphasized that AEONMALL Vietnam signed a Memorandum of Understanding with Bac Ninh province to invest in a regional-scale Shopping Mall with an investment of USD 190 million. At the same time, AEONMALL wants to contribute to the local economic development and create new values for the community, including Bac Ninh province, he highlighted.

Bac Ninh province’s leaders have always highly appreciated the performance of Japanese FDI enterprises in the province as well as their important contributions to the province’s socio-economic development. Bac Ninh always considers the success of FDI enterprises in general and Japanese enterprises in particular to be its own success and takes it as an efficiency in leadership, direction and management of socio-economic development.

At the “Meet Bac Ninh - Japan” program taking place on November 17, Chairwoman of the Provincial People's Committee Nguyen Huong Giang affirmed that along with its advantages and desires for economic development, as well as the environmental protection and the nation’s cultural heritage promotion, Bac Ninh always considers Japanese partners to be friends and companion, thereby, developing together and bringing practical benefits to all sides and the people. She said that Bac Ninh province commits to strongly improve the business investment environment, create a favorable environment, and ensure security and safety for investors, including Japanese investors. “We commit to create all conditions and provide the most positive support for investors when they invest in Bac Ninh province”, Giang confirmed.