In recent years, diverse cooperation between Vietnam and Japan has been constantly evolving. Japan has become one most important partner of Vietnam and one country investing strongly in Vietnam in general and in Binh Duong in particular. Currently, Japan is the largest foreign investor in Binh Duong.
Japanese firms invested $4.9 billion in Binh Duong
By now, Japanese enterprises have invested in 232 projects worth $4.9 billion in Binh Duong province, and Japan is the biggest country among 39 countries and territories investing in the province. Japanese firms invested mostly in infrastructure, urban - trade - services, electronics, automobile, auxiliary industries, and food.
Production line of Sansho Vietnam Company under Sansho Group (Japan) at VSIP 1.
Japanese investment projects have been corresponded with orientations of investment attraction and socio-economic development planning of the province. Large, high-tech projects from Japan have contributed to not only economic development but also attracting other foreign companies to invest in Binh Duong. Specially, regarding infrastructure development and retailing, Binh Duong Canary Aeon Mall project of Vietnam Aeon Company - Binh Duong branch is leading the capital investment with $95 million.
Mr. Satomi Nakjima, Japanese Consulate General in Ho Chi Minh City, said, the Vietnam – Japan bilateral relation was in a very good stage. Currently, there are more than 200 Japanese companies that are investing in Binh Duong, where has an attractive investment environment. Thus, Japanese firms will continue to invest heavily in Binh Duong in the future.
Mr. Nakata Yasuya Ki, CEO of Becamex Tokyu Company, said, the company had invested in Tokyu Binh Duong urban area project with a total investment of $1. 2 billion including component projects, such as: Sora Gardens high-rise apartment project, Hikari restaurants and shopping mall, Thu Dau Mot - Binh Duong New City bus route…
Since early this year, many Japanese investors have continued to select Binh Duong as their destination. Some typical projects are Vietnam Nippon Chemiphar Company producing pharmaceutical products with total investment of $25 million at Vietnam - Singapore industrial park; Vietnam Ojitex Company manufacturing high quality packaging with total investment of $30 million at Vietnam - Singapore industrial park…
Investing in necessary fields
Japanese companies continuing to invest in the province proved that Binh Duong has a dynamic, advantageous business environment to Japanese investors in particular and foreign investors in general.
At the meeting with Yamaguchi province senior delegation, Mr. Hatahara, a member of the delegation, said, the visit was to strengthen the friendly relation between the two provinces, also discuss specific cooperations in the future on various fields: such as industry, trade and investment cooperation, tourism, education, agriculture ... to further develop this friendly relation.
Mr. Tsugumasa Murakao, Governor of Yamaguchi province, led the delegation and affirmed, there were more and more companies of Yamaguchi province that were interesting in investment in Vietnam. In the coming time, Yamaguchi governors will organize more trips for Japanese companies to visit, learn more about investment opportunities in Binh Duong.
Also at the meeting, leadership of the two provinces discussed about the development of Vietnam – Japan industrial park on an area of 200 hectares in Binh Duong. Mr. Nguyen Van Hung, General Director of Becamex IDC, said, Binh Duong had developed hard infrastructure and soft infrastructure (human resources, administrative procedures ...) in order to facilitate investors. Binh Duong has also created favorable conditions for exchange, cooperation between the two provinces, especially, Binh Duong will supply human resources to foreign companies. In addition, the development of Vietnam – Japan industrial park will promote cooperative relation as well as economic development of Binh Duong and Yamaguchi province as well as Japanese companies in the future.
Mr. Tran Van Nam, Chairman of Binh Duong province People’s Committee, affirmed, the visit of Yamaguchi senior delegation was an opportunity for leaders of the two provinces to implement effectively the cooperative signing between the two provinces in 2014; actively promote exchanges, cooperations on various fields for the common prosperity. This was also an opportunity for Yamaguchi province to learn more about socio-economic development, infrastructure, key projects, and development orientation of Binh Duong province. Binh Duong province is committed to creating the best conditions for Japanese businesses as well as all foreign companies to invest in Binh Duong.
Reported by P.Le – Translated by Ngoc Huynh
