Japanese firms plan to pour 4 billion USD in Hanoi projects

(VOVWORLD) - Leading Japanese corporations on Monday signed Memoranda of Understanding (MoU) with Hanoi to invest a total of close to 4 billion USD in projects in the capital city.
Japanese firms plan to pour 4 billion USD in Hanoi projects - ảnh 1

Hanoi Mayor Nguyen Duc Chung (first row, second from right) and Japanese investors sign MoUs in Tokyo, July 1, 2019. (Photo: VNA)

The MoUs were signed by Chairman of the Hanoi People’s Committee Nguyen Duc Chung and representatives of the Japanese groups in Tokyo, Japan, in the presence of Prime Minister Nguyen Xuan Phuc. They included the MoU between the Hanoi People’s Committee, Japan’s Sumitomo Group and its Vietnamese partner BRG Group to develop projects in Tay Ho district and Dong Anh Industrial Park in Dong Anh district with a combined investment of 3 billion USD.

Hanoi also agreed with Hanoi-based IDS Equity Holdings and Japanese investors on a number of projects to build office buildings and hotels in the city which are estimated to be worth about 500 million USD.  A project was also agreed upon with Aeon Mall Vietnam, a subsidiary of Japan-based Aeon Mall Corporation, to construct a 250-millinon-USD new shopping mall in Bac Tu Liem district.