Memorandum of Understanding on investment cooperation between Vinh Phuc Provincial People's Committee and SOJITZ Group, Japan, and partners

26/11/2021

To continue the work program in Japan, in the morning of November 25, Ms. Hoang Thi Thuy Lan, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairwoman of the Provincial People's Council, Head of the Provincial Delegation of National Assembly Delegation and Mr. Vu Chi Giang, Provincial Party Committee Member, Vice Chairman of the Provincial People's Committee and the delegation of Vinh Phuc province attended the Vietnam - Japan Investment Promotion Conference chaired by Prime Minister Pham Minh Chinh.

The Vietnam - Japan Investment Promotion Conference is an important activity during Prime Minister Pham Minh Chinh's visit to Japan to further strengthen economic diplomacy activities. The conference was held with the theme of "Vietnam - Japan relation and cooperation evaluation for mutual development", with the participation of several ministries, branches, localities and businesses of the two countries Vietnam and Japan.

Secretary of the Provincial Party Committee Hoang Thi Thuy Lan hands over the Memorandum
of Understanding on investment cooperation between the People's Committee of Vinh Phuc province
and SOJITZ Group and its investment partners in Vietnam

At the conference, under the witness of Prime Minister Pham Minh Chinh, Secretary of the Provincial Party Committee Hoang Thi Thuy Lan presented a Memorandum of Understanding on investment cooperation between the People's Committee of Vinh Phuc province and SOJITZ Group and investment partners of the Group in Vietnam, Vinamilk and Vilico on the investment and development of the Investment Project to renovate the farm, convert livestock from pigs to beef cattle, build slaughter, processing, preservation and distribution facilities in Tam Dao district, Vinh Phuc province.

With a total investment of over 500 million USD, this is a large investment project in the field of agriculture and a project in the field of high-tech agriculture with the highest investment value signed between enterprises. the two countries during Prime Minister Pham Minh Chinh's visit to Japan. The project includes investment items in livestock farms - processing - distribution of beef products for the domestic market and for export, which will contribute to promoting cooperation in the development of the agricultural sector between Vietnam and Japan in general, between Vinh Phuc and Japanese enterprises in particular. The project also connects many cooperation activities between businesses of the two countries, from technical cooperation, research and infrastructure development to joint ventures and direct investment in high-tech agriculture, at the same time, promote agricultural and rural tourism development.

Nguyen Viet Hung

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