Kitakyushu City and Vietnam’s DEEP C (Deep Sea) Sign MOU to Support Business Expansion
DEEP C Kitakyushu City and Vietnam’s DEEP C (Deep Sea) Sign MOU to Support Business Expansion -Investment incentives for companies entering the market- ………………………………………………………………………………………… Vietnam’s DEEP C Industrial Park (Head office: Hai Phong City, Vietnam; President: Bruno Jaspaert) will enter the Deep Sea Industrial Park with Kitakyushu, Fukuoka Prefecture (Mayor: Kenji Kitahashi) on May 11, 2019 The company signed a memorandum of understanding to assist companies in Kitakyushu city with investment incentives. Deep Sea Industrial Park provides preferential treatment to industrial parks for companies entering from Kitakyushu City. Preferential treatment is applicable to both acquiring land and constructing a factory and leasing a rental factory. In order to make inroads, it is necessary to obtain an investment permit and a business permit locally, but the deep and complicated industrial estate takes over this complicated and time-consuming procedure on behalf of the companies in the area. Furthermore, both parties confirmed that they would cooperate by exchanging information through investment promotion seminars and inspections of industrial parks. A memorandum of understanding including the above contents was held at the Harbor View Hotel in Hai Phong, Vietnam under the co-chair of the Hai Phong City People’s Committee Nguyen Bang Tung.
MOU fastening type Deep Sea Industrial Park started its business as Dinbu Industrial Park in 1997 as a joint venture between the port development company Rentaport, a Belgian company, and Hai Phong City. When the site was expanded to 3,400 hectares in 2015, the name was changed to Deep Sea Industrial Park. Adjacent to all of the largest port in northern Vietnam, the expressway leading to the capital city Hanoi, and the international airport, it is located in a special economic zone where it can receive the highest level of tax benefits in Vietnam, and so 15 Japanese companies have advanced doing. Kitakyushu City signed a friendship and cooperation agreement with Hai Phong City in 2009, accumulated exchanges and cooperation in various fields such as civil cultural exchange and technical cooperation in the field of water supply, and concluded a sister city agreement in 2014. In 2015, we supported the development of the Hai Phong City Green Growth Promotion Plan for the realization of a low carbon society in Hai Phong city. Kitakyushu City has been selected by the Organization for Economic Co-operation and Development (OECD) as “the world’s model city for promoting SDGs” (SDGs: sustainable development target), and the directionality of Hai Phong City and Deep Sea Industrial Park are also aimed at Match
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