On 30 November, the Foval investment advisory group (Japan) led by Mr. Ookubo Hideo, Chairman of Forval Corporation; Chairman of the special mission on internationalization of small and medium sized companies, Japanese Chamber of Commerce & Industry, had a working session with the provincial leaders on advice of investment promotion from Japan.

Mr. Ookubo Hideo stated that difficulties such as earthquakes, protracted decrease in consumption because of an increase in the Japanese yen, brand competition, changes in population and labor shortage ... were the main reasons why Japanese firms shifted investment abroad. Therefore, the Forval investment advisory group came to Ba Ria - Vung Tau this time with the desire to advise BR-VT province building industrial zones for Japanese companies to call on Japanese companies to invest in Ba Ria - Vung Tau. In particular, the province should meet the basic requirements such as: management team and employees can speak and write Japanese, it must have workshops and the public houses for rent in industrial; customs duties must meet requirements...

Delivering speech at the meeting, Mr. Ho Van Nien said Ba Ria - Vung Tau province was focusing to divert investment attraction from Japan and training a workforce who could speak Japanese. At the same time, he also expressed the hope that the Japanese consultants would advise the province on the form of investment model in accordance with the province’s potentials and development orientation.