Sumitomo Corporation Viet Nam inaugurated

08/11/2007 -- 10:09 PM

Ha Noi (VNA) – Japan’s Sumitomo Corporation has inaugurated the Sumitomo Corporation Viet Nam Ltd. Co. with a charter capital of 10 million USD and an investment capital of 30 million USD. At the inauguration ceremony held in Ha Noi on November 8, Sumitomo Corporation’s President Motoyuki Oka said that Japan’s direct investment capital in Viet Nam reached 1.3 billion USD in 2006, a year-on-year rise of 40 percent. The result was attributable to the finalisation of the country’s legal system, he said. The company would do its utmost to promote the Japan-Viet Nam cooperative relations and hoped to receive continued support and assistance of the Vietnamese Government, he stressed.-Enditem
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