The Ha Tinh Minerals & Trading Company (Mitraco) and Japan’s IME Inc. reached a deal on Zircon and quartz powder products following Ha Tinh province’s conference to woo Japanese investors in Tokyo, Japan on September 25.
Representative from 150 Japanese economic and financial organisations and businesses came to the event to learn more about central Ha Tinh province’s strengths, especially its iron ore, the resource that will enable the locality to develop steel production as well as support industry.
Iron ore in Ha Tinh accounts for 60 percent of the country’s iron ore reserves. The province’s Thach Khe iron ore mine with a reserve of 544 million tonnes – the largest in Southeast Asia, is having its infrastructure built to serve upcoming mining activities.
Addressing the event, Vietnamese Ambassador to Japan Doan Xuan Hung said the conference can benefit largely from the two countries’ on-going celebration of their 40-year diplomatic ties.
He said he believes that the province’s determination to spur economic development and its breakthroughs in the steel and electricity industries would persuade Japanese investors to come.
According to the Sumitomo Mitsui Banking Corporation (SMBC), a co-organiser of this investment promotion event, 70 percent of the bank’s customers show interests in investing in the Vietnamese market.
Chairman of the Ha Tinh People’s Committee Vo Kim Cu pledged the creation of most favourable conditions for Japanese investors’ successful operations.
The province will work towards an equal, stable, transparent and open business and investment environment for all investors of various economic sectors, he said.-VNA