An Osaka-based big-business group said Tuesday it will establish on Nov. 1 a contact point in Hanoi for Japanese companies seeking to gain information on the regulatory procedures that need to be cleared in order to set up factories and business bases in Vietnam.
The "Kansai Business Desk" will be manned by Japanese-speaking Vietnamese staff, who will also be tasked with providing information on public works projects and other relevant business opportunities, the Kansai Economic Federation said.
Federation Chairman Shosuke Mori, who doubles as chairman of Kansai Electric Power Co., told attendees at a ceremony in Osaka to open the path for the desk's inauguration, "This will constitute a big step forward for enhancing ties between the Kansai community and Vietnam."
The desk's establishment will be followed by a string of conferences entitled the "Kansai Vietnam Business Roundtable," whose first session will be organized in Hanoi by the yearend, federation officials said.
The conferences, to be attended by representatives from the governments of both countries as well as by industrialists, will meet once or twice a year.
Dao Quang Thu, deputy minister at Vietnam's Ministry of Planning and Investment, said at the ceremony that Vietnam is willing to facilitate investment by Kansai-based Japanese companies, saying that their hoard of high technology assets and traditional industrial knowhow held them in good stead over businesses from other areas.