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Da Nang Promotes Investment From Japan

The central city of Da Nang has been calling for stronger and deeper investment from Japanese businesses in seaport, infrastructure, hi-tech industry, education, healthcare, supportive industries, information and technology during a four-day investment promotion event in Kisarazu, Yokohama, Osaka, Chiba and Kanagawa, in Japan.

Japanese investors have poured 1.04 billion USD into 228 projects in Da Nang to rank first in the list of 40 foreign direct investment (FDI) sources in the city.

Secretary of the city Party Committee Nguyen Van Quang also urged Sumitomo Group to foster investment plans in Da Nang after Sumitomo Corporation Vietnam and local partner BRG Group began implementing pre-feasibility surveys on infrastructure development of seaports, airports and industrial parks.

During the investment promotion tour in Japan last week, local Thanh Dat Group inked the Memoranda of Understanding (MoUs) with Japanese partners including Magos company (under Metran Group), Heisei medical welfare group, and Minatomirai Group in launching healthcare for elderly and rehabilitation and beauty care service in the city.

Nakagawa Tetsuyuki, general director of Aeon Mall Vietnam, said the group has built six trading centres in HCM City, Binh Duong, Hai Phong, Hanoi and Thua Thien-Hue, and Da Nang would be the next destination for a new trading centre.

A Japanese technology company, Pasona Tech Vietnam, has been building an Information Technology (IT) LAB in Da Nang for training human resources in digital transformation needs, and the LAB would open in the second quarter of this year.

Earlier, Pasona had set up its Awaji Da Nang centre in Awaji, Japan in boosting IT manpower education and training.

Mikazuki Hotel Group of Japan was seen as one of the successful investment projects in Da Nang in 2022-23 when it officially opened the 3.9 trillion VND (168.16 million USD) Da Nang Mikazuki Resort&Spa after overcoming difficulties due to the COVID-19 pandemic.

Fujikin International Incorporated from Japan also introduced an R&D centre at Da Nang High-Tech Park at a cost of 35 million USD.
Tokyo Keiki Precision Technology Inc and Niwa Foundry from Japan had already operated factories at Đà Nẵng hi-tech park.

Japanese Daiwa Vietnam Company began building its third factory in the city’s Hoa Khanh Industrial Zone with an investment of 40 million USD, bringing its investment in Da Nang to 90 million USD in 2005-20.

Da Nang had inked friendships and cooperation deals with Kisarazu, Kawasaki, Sakai and Yokohama, and the city has hosted the annual Vietnam-Japan cultural Exchange Day since 2014.

Vietnam Airlines has resumed its direct air route from Narita, Tokyo and Da Nang, boosting tourism and investment from Japan to central Vietnam.

Japan promoted its Consulate Office in Da Nang city to General Consulate just a year after it was founded to boost ties between Japan and the central city.

The first Japanese language studies and culture research faculty in the central and Central Highlands region was set up at the city’s Dong A University.

Eight cities in Japan including Yokohama, Maebashi, Chiba, Fukuoka, Shizuoka and Nagasaki and more than 80 businesses from Japan have inked agreements on the recruitment of students from central Vietnam to work and study in Japan.

The city’s party secretary, Quang said successful investment projects from Japan would mark the 50th anniversary of Vietnam-Japan diplomatic ties, boosting friendly diplomatic ties between the two nations as well as Da Nang and cities of Japan.

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