Tokyo Gas Wants to Build LNG Cai Mep - Thi Vai Port

Tokyo Gas (Japan) desires to invest in Vietnam, together with Vietnam partner to build LNG Cai Mep – Thi Vai port to become the most modern facility in Vietnam in this field.

On August 15th, Vietnam Prime Minister Nguyen Xuan Phuc has met Mr Michiaki Hirose, General Manager of Tokyo Gas (Japan).

At the meeting, the Prime Minister highly appreciated Tokyo Gas’s establishment of representative office in Vietnam; he also congratulated Tokyo Gas and PV Gas (Vietnam) for jointly establishing a business operating in the field of LNG gas in Vietnam and welcomed Tokyo Gas to launch a promising cooperation program with Vietnam.

In fact, the demand for liquefied petroleum gas in Vietnam is huge, especially in cities and coastal areas, the Prime Minister believes that with good partners, environment and demand, Tokyo Gas will succeed in Vietnam. Furthermore, many Vietnamese businesses are eager to do business with Japanese companies because of their great prestige, experience and resources.

Vietnam Prime Minister affirmed that oil and gas cooperation is one of the priority areas for Vietnam and Japan’s economic cooperation, at the same time Vietnam wishes that Tokyo Gas will maintain long term business in Vietnam.

According to Mr Michiaki Hirose, Tokyo Gas will strengthen its cooperation with PV Gas in the coming time and hope that Vietnam Government will support this cooperation. He also hoped that Tokyo Gas together with Vietnamese partner will construct LNG Cai Mep – Thi Vai port to become the most modern facility in Vietnam in this field.

With Japan, Vietnam is considered as an important partner in energy cooperation, including LNG. Japan – Vietnam cooperation will create a good premise for Tokyo Gas to implement the project in Vietnam. In that process, Tokyo Gas needs support from the Government of Vietnam on mechanisms and policies.

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Simplifying the Procedure for Foreigner to Reside in Vietnam

For foreigners wishing to come to Vietnam to work and reside temporarily, they need to either set-up a company in Vietnam or work for others. The owner of the company does not need a work permit but still needs to apply for a temporary residence card.

However, the foreign employee will need the employer to sponsor the work permit in Vietnam before applying for a temporary residence card. A recent draft law on entry, exit and residence of foreigner in Vietnam has been proposed with some changes. The draft regulates many open provisions on entry-exit procedure, temporary and permanent residence conditions for foreigners to reside in Vietnam. ANT Lawyers always follows the new updates about administrative procedures in Vietnam to provide our client with the best service.

The new draft law details conditions for granting the temporary residence card for foreigners working in Vietnam, raising the term of this card from 3 year to 5 year. The foreigners’ category expands to scientists and specialists residing in Vietnam for the purpose of attracting international talents, the foreigners who don’t have any type of document proving nationality, and have resided in Vietnam before the year 2000. The foreigners holding temporary residence cards must change cards periodically 10 years at the issuing offices. The draft law does not allow the foreigners to change the entry purpose, but allows them to supplement the purpose of belonging persons in some specific cases such as in terms of diplomatic representative offices, consulates, international representative offices of the United Nations and students at universities, colleges, schools.

For more information or requirements of legal services to obtain a temporary residence card in Vietnam, we could assist. 

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The 66th Asian Business conference in Danang

On July 4th, 2019 the People’s Committee of Da Nang organized the 66th Asian Business Conference about business cooperation between Vietnam and Japan. Representatives of 60 Vietnamese enterprises and 130 enterprises from Japan attended showing intersts in economic cooperation.

The representatives of Japanese companies provided many useful information about business investment cooperation opportunities in the fields of information technology, high technology, health, education …After 45 years from the establishment of diplomatic relations, Japan has become one of the Vietnam’s leading partner in many areas, becoming the largest ODA provider, and the second largest FDI investor in Vietnam.

Japan is leading countries investing in Da Nang with more than 180 projects and the total investment capital is nearly 890 million USD, focusing on the fields of industrial production, high technology, services, real estate and travel. The Da Nang’s enterprises in supporting industries, IT, textiles, fisheries, education … are always willing to cooperate with Japanese partners to expand markets, access technology and new management systems.

It is obvious that Japan is one of strategic partners, a key market with strong financial and public potential, including high-tech industry, information and communication technology and supporting industries as well as services and education sectors. The city government always strives to create favorable conditions for Japanese investors to establish and implement effective projects, as well as implement solutions to improve the city’s investment environment such as infrastructure construction, high-tech parks and centralized information technology zones, planning new industrial parks with attractive investment preferential policies, promoting administrative procedure reforms and focusing on human resource training qualified, skilled … to meet the demand of the investors.

The Conference creates opportunities for interaction and discussions between Vietnamese enterprises and Japanese enterprises, between Da Nang city and investors in the area of manufacturing, construction, healthcare, tourism, education, science and technology.

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