Lao Cai province calls for more Japanese investments

The conference features the handover of memoranda of understanding between Lao Cai and Japanese firms, as well as between Vietnamese and Japanese businesses. (Photo: VNA)

The diplomat expressed his belief that the conference will provide a panorama picture on Lao Cai, helping the locality attract more Japanese investments.

Chairman of the provincial People’s Committee Trinh Xuan Truong briefed the participants on Lao Cai’s incentives to investors and cleared up questions raised by the Japanese enterprises.

Tsukada Manabu, Senior Director for Global Strategy (Southeast Asia) at the Japan External Trade Organisation (JETRO), highlighted Lao Cai’s high growth rate as compared with others in the northern mountainous region, saying apart from agriculture and tourism, the locality boasts potential for biomass power generation and border trade with China.

The conference featured the handover of memoranda of understanding between Lao Cai and Japanese firms, as well as between Vietnamese and Japanese businesses.