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Ready for the wave of Japanese FDI investment in Da Nang Hi-Tech Park

Views: 338927/08/2021Share
On August 26, Long Hau Joint Stock Company and the City Investment Promotion and Support Board. Da Nang (IPA Da Nang) & Fair Consulting successfully organized the webinar “Is Vietnam a High-tech Manufacturing Go-to Destination?”. This is an activity in the series of events to attract foreign investment in Da Nang Industrial Park with a focus on Japanese enterprises.
In the first 6 months of 2021, despite the complicated development of the epidemic, Japan still promoted investment and was the second largest foreign investment partner in Vietnam with a total registered investment capital of more than 63 billion USD. Seizing this opportunity, Long Hau Joint Stock Company and IPA Da Nang & Fair Consulting organized a seminar focusing on supporting information for Japanese enterprises to attract investment from this potential market.
The seminar took place online to fulfill the government's goal of both fighting the epidemic and developing the economy.
The conference took place with the participation of leading industry speakers and more than 60 guests through an online meeting application to ensure maximum safety for customers as well as create a trading and investment channel. consistent with the Government's policy of building a digital economy in the context of the complicated development of the Covid-19 epidemic.

The content of the seminar mainly revolved around issues that businesses are wondering when choosing to invest in Da Nang Industrial Park: Existing ecosystem for the high-tech industry; Procedures for establishing and supporting high-tech production in the Hi-Tech Park; Updating tax/accounting incentives for high-tech ancillary businesses,...
Actual image workshop in Danang Industrial Park
In particular, during the exchange between speakers and guests, a series of questions were raised and became the hot topic of discussion of the seminar: Sharing a successful case study at Da Nang Industrial Park; Difficulties & plans of CNC Enterprises during and after the Covid-19 period; Can a high-tech manufacturing enterprise be an export processing enterprise?; Is the preferential policy on land rent in industrial zones affected by the epidemic?; HR solutions for today's CNC industry?,...

Answering questions about preferential policies at Da Nang Industrial Park, speaker Toshio Okukura, representative of Long Hau Joint Stock Company also affirmed: The Covid-19 epidemic will not affect the preferential policy on rent. land in the Industrial Park. Accordingly, when CNC enterprises invest in Da Nang Hi-tech Park, they enjoy many incentives in terms of land rent (exemption for the entire project period, 19 years and 15 years depending on the nature of the project). For projects of production, high technology application, research - development, training and business incubation, the project is exempt from land rent for the whole project term.
For investment projects with small registered capital, it is possible to consider renting factories in the CNC zone such as HIGH-TECH FACTORY. 
The solution for the problem of human resources in the CNC industry was shared at the event
One issue that most guests are interested in is the issue of Human Resources/labor in the CNC industry. Mr. Toshio emphasized, Vietnam is considered one of the attractive destinations for Japanese investors, but to catch the shifting capital flows, Vietnam in general and Da Nang city in particular need to continue to improve the quality of the investment. appropriate amount of human resources.

Some solutions Da Nang city has been implementing at present: Developing a Project on Human Resource Development; Forecasting the city's labor needs, implementing career guidance, connecting businesses, investors and training institutions. In addition, the city also encourages businesses to actively contact and order training from universities and colleges in the city, and at the same time develop remuneration policies to retain and develop a team. high quality staff.
Speaker Ishi Daisuke representing Fair Consulting Vietnam shares experience

In addition to human resources, Japanese enterprises need to receive support on legal procedures for foreign investors in Vietnam. Answering this content, Speaker Ishi Daisuke representing Fair Consulting Vietnam shared his experience in managing corporate income tax, FCT, VAT,... through vivid practical examples. .
Please refer to the webinar documents at:DOCUMENT
Video replay of the webinar:
It can be seen that Da Nang Industrial Park is ready to welcome the wave of FDI investment from Japanese CNC enterprises. To find out investment information in Da Nang Industrial Park, please contact for detailed advice:
Long Hau Industrial Park - Partner in success
Address: Hamlet 3, Long Hau commune, Can Giuoc district, Long An province
Hotline: (+84 28) 3937 5599 - (+84) 906 938 599
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