Views of the signing ceremony

Receiving and working with the delegation were Standing Vice Chairman of the Provincial People's Committee Nguyen Van Thi; representatives of leaders of relevant departments, branches and units.

Speaking at the meeting, Standing Vice Chairman of the Provincial People's Committee Nguyen Van Thi briefly introduced the province's socio-economic situation in recent years. Achieving this success is thanks to the significant contribution of Japanese companies and corporations that have chosen Thanh Hoa as a destination for investment in production and business.

He emphasized that with advantages of geographical location, population, infrastructure system and preferential policies in attracting investment promotion of the province; Thanh Hoa is confident to be a suitable destination for the projects of Sumitomo Corporation that are looking to invest in Vietnam.

He believes with the background of good traditional relations between Vietnam - Japan in general and Thanh Hoa province - Japan in particular; Thanh Hoa commits to create all the most favorable conditions for Sumitomo Corporation to promote investment in Thanh Hoa. He suggested that Sumitomo Corporation focus its resources on quickly deploying investment research and promotion to soon realize the investment project of construction and infrastructure business in the western industrial park of Thanh Hoa city, Logistics center and urban development around the industrial park.

On behalf of Sumitomo Corporation, Mr. Takashi Yanai - Member of the Executive Board of the Group, General Manager of the Logistics Infrastructure Business Department, thanked the leaders of Thanh Hoa province for taking the time to work with the delegation of the Sumitomo Corporation. Mr. Takashi Yanai also expressed his impression with the strong socio-economic development of Thanh Hoa province in recent years along with the advantages of geographical location and population of the province.

Mr. Takashi Yanai emphasized that Sumitomo Corporation's point of view about implementing the project is to build a clean, beautiful and happy living environment. He also thanked Sumitomo Corporation for helping and creating favorable conditions for Sumitomo Corporation in researching and promoting investment in the locality.

Mr. Takashi Yanai hoped that Thanh Hoa province would support and accompany Sumitomo Corporation in implementing the project, and committed that Sumitomo Corporation would make efforts to survey and carry out relevant procedures in accordance with the legislation of the Law to speed up project research.

At the ceremony, on behalf of the leaders of the two sides, Mr. Nguyen Van Thi - Standing Vice Chairman of the Provincial People's Committee and Mr. Takashi Yanai - Member of the Group's Executive Board, General Manager of the Logistics Infrastructure Business Department signed a Memorandum of Understanding between the Provincial People's Committee and Sumitomo Corporation.

At the ceremony, the leaders of Sumitomo Corporation were interested in developing and operating the development and operation of the Western Industrial Park of Thanh Hoa city with an expected development area of ​​650 hectares and the Logistics and Urban Center around the industrial park with an estimated development area of ​​about 168.5 ha. The project is expected to be implemented in the period 2024 - 2025 with a total capital of about 400 million USD./.