JCCH Chairman Kadowaki Keiichi made the statement at a working session with Vice Chairman of the municipal People’s Committee Huynh Cach Mang in the city on May 22.

He said the Japanese business community recognised the city’s reform efforts to its improve business environment over the past time.

The city has helped businesses remove difficulties relating to administrative procedures, taxation and customs, he said.

According to the Japan External Trade Organisation (JETRO), Vietnam is one of the countries in Southeast Asia that Japanese enterprises want to expand operation.

In the coming time, the JCCH will host more business forums and trade-investment exchanges with businesses in HCM City, he said.

Mang said the effective operation of the JCCH has contributed to the city’s economic development and deepening the strategic partnership between Vietnam and Japan.

As of February 2018, Japan had 1,149 valid projects worth US$3.96 billion in HCM City, ranking sixth among countries and territories investing in the southern economic hub. Trade between Japan and HCM city reached US$5.1 billion in 2017.

HCM City hopes foreign enterprises, including those from Japan, will make long-term investments in the city as well as boost transfer of technology, human resources training and share experience in business administration, Mang said.

Local authorities will create the best policy mechanism for businesses to operate effectively in the city, he asserted.

Source: vov.vn