A corner of Viet-Pan Techno Park in HCM City. — VNA/VNS Photo

The Viet-Pan Techno Park in HCM City has served as a model for similar projects to lure foreign investors from Japan and other countries to the city, said Vice Standing Chairman of the municipal People’s Committee Le Thanh Liem.

The official made the statement during a ceremony marking the fifth founding anniversary of the Viet-Pan Techno Park at the Hiep Phuoc Industrial Park in HCM City on August 28.

The event also marked the completion of the infrastructure at the park.

The Viet-Pan Techno Park, which provides service packages for investors, has enabled Japanese investors to shorten their preparation time, save management costs, and promptly implement business activities to ensure efficiency, he added.

Liem also spoke highly of Japanese firms as they have introduced advanced technology to Viet Nam and opened training courses for Vietnamese workers, which contributed greatly to the city’s industrialisation and modernisation process.

Currently, there are 118 Japanese businesses operating in HCM City’s processing and industrial zones, with investment capital totalling US$1.4 billion, mostly in mechanics and electronics.

Director of the Viet-Pan Techno Park Jinjiro Kimura said the park aims to draw Japan’s small- and medium-sized enterprises in supportive industries to the city, by offering them Japanese-standard infrastructure.

After five years, the techno park is now home to 15 Japanese firms in precise mechanics and high technology. It will work to enhance links between businesses of the two countries in the future, aiming to create a supply chain in supportive industries. — VNS