Chairman of Da Nang People's Committee had a meeting with many large Japanese corporations and signed a Memorandum of Understanding with Sumitomo Corporation and BRG Group
Author: Hạnh Lê Nguyên Nguyễn Updated: 25/11/2021 Views: 5

Following the Vietnam and Tochigi Economic Forum, on the morning of November 24, 2021, within the framework of Prime Minister Pham Minh Chinh official visit to Japan, Chairman of Da Nang People's Committee Le Trung Chinh attended the meeting between the Prime Minister and leaders of many Japanese's economic groups and universities and signed a Memorandum of Understanding with Sumitomo Corporation and BRG Group.

The Chairman met the leaders of Waseda and Hiroshima universities, and also leaders of large Japanese corporations in the medical field, especially leader of Sumitomo Corporation, one of the first and largest Japanese's corporations majoring in investment and trading. Sumitomo Corporation also presents in the world's list of top 500 companies and corporations ranked by the Fortune (Fortune Global 500).  

Chairman of Da Nang People's Committee Le Trung Chinh (2nd from the right cover) attended the meeting between the Prime Minister and Waseda University

The Chairman met the leaders of Waseda and Hiroshima universities, and also leaders of large Japanese corporations in the medical field, especially leader of Sumitomo Corporation, one of the first and largest Japanese's corporations majoring in investment and trading. Sumitomo Corporation also presents in the world's list of top 500 companies and corporations ranked by the Fortune (Fortune Global 500).

Mr. Masayuki Hyodo, Chairman and CEO of Sumitomo Corporation, proposed the idea of ​​calling for investment into sustainable and smart city in Vietnam, and especially expressed his concern in many projects in Da Nang City.

    

Chairman of Da Nang People's Committee (center) signed a MOU with Chairman of Sumitomo Corporation (right) and Chairman of BRG Group (left)

Also, on the morning of November 24, Chairman of Da Nang People's Committee Le Trung Chinh together with Chairman and CEO of Sumitomo Corporation Masayuki Hyodo and Chairwoman of BRG Group Nguyen Thi Nga signed a Memorandum of Understanding on Cooperation and Projects Development in Da Nang City. Accordingly, in the coming time, Sumitomo Corporation will cooperate with BRG Group in researching and calling for investment for many projects in infrastructure and urban development in Da Nang City.

Japan is the second largest country pouring capital investment in Vietnam, only after Singapore, with a total capital investment of over 3.2 billion USD. For Da Nang city, Japan has been an important investment and trading partner and one of the key markets that Da Nang City is focusing on calling for investment. Japan is currently the country with the largest total capital investment into Da Nang City with more than US$ 985 million and 216 projects, accounting for 25.5% of the City's total FDI investment, focusing on manufacturing, real estate and tourism, information technology, services and R&D.

IPA DANANG

 

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