Representative from 150 Japaneseeconomic and financial organisations and businesses came to the event tolearn more about central Ha Tinh province’s strengths, especially itsiron ore, the resource that will enable the locality to develop steelproduction as well as support industry.
Iron ore inHa Tinh accounts for 60 percent of the country’s iron ore reserves. Theprovince’s Thach Khe iron ore mine with a reserve of 544 million tonnes –the largest in Southeast Asia, is having its infrastructure built toserve upcoming mining activities.
Addressing theevent, Vietnamese Ambassador to Japan Doan Xuan Hung said theconference can benefit largely from the two countries’ on-goingcelebration of their 40-year diplomatic ties.
Hesaid he believes that the province’s determination to spur economicdevelopment and its breakthroughs in the steel and electricityindustries would persuade Japanese investors to come.
According to the Sumitomo Mitsui Banking Corporation (SMBC), aco-organiser of this investment promotion event, 70 percent of thebank’s customers show interests in investing in the Vietnamese market.
Chairman of the Ha Tinh People’s Committee Vo Kim Cupledged the creation of most favourable conditions for Japaneseinvestors’ successful operations.
The province willwork towards an equal, stable, transparent and open business andinvestment environment for all investors of various economic sectors, hesaid.-VNA