Industry News
Japan firm explores investment in Ha Nam

A delegation from Japan's Oates Chemical Company had a working session with Ha Nam authorities on Tuesday to explore the investment climate in the northern province.

The company has four factories in Japan and plans to expand its production of rubber components to Viet Nam, Director Goda Kengo said, adding that Ha Nam boasts a strong policy to attract investment, especially from Japanese businesses.

The locality also has a favourable geographical location and trade exchange system with Ha Noi, as well as with neighbouring cities and provinces. Therefore, the Japanese company is determined to build a factory there, he said.

Vice Chairman of the provincial People's Committee Vu Dai Thang said authorities plan to arrange for a 6,000sq.m space in Dong Van I Industrial Park, Duy Tien District, where the company can build its factory.

He noted that the location has a good transport network and all necessary infrastructure, with scores of Japanese firms investing and operating in the area.

Local authorities pledged to create the best conditions for the company, as they were committed to foreign investors, specifically in handing over land for building workers' accommodations, exempting land lease costs during the first two years of investment and granting a 50-year operating licence.

July 2016
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