At a production line of Showa Gloves Vietnam Co.Ltd.After doing business in Binh Duong, many businesses have enjoyed high results in production and business. The very advantaged investment environment has helped businesses attach long to the province. Kraft Vina Paper Co.Ltd. in My Phuoc 3 IP, Ben Cat district is considered as a proof for this result. In Jan. 2010, Kraft Vina Paper Co.Ltd, the joint venture between SCG Paper Group of Thai and Rengo of Japan inaugurated a paper plant with the capacity of 225,000 tons of paper per year with the investment capital of US$180mil. After more than 30 months of operation, this paper plant has reached a very high efficiency of business and production. Its 97% of products has been consumed in Vietnam and the remaining has been exported to Japan. To meet the market demand, Kraft Vina Paper Co.Ltd has mapped out a plan on increasing its capacity up to 250,000 tons per year with the investment capital of $150mil for new production line, the company general director Chalokeporn Phalajivin said.Like Kraft Vina Paper Co.Ltd., Maruichi Sun Steel JSC of Japan specializing in producing steel at Tan Dong Hiep, Di An town since 1996, poured more $120mil in expanding 2 more production lines in the past year in a bid to satisfy local and outbound demand. Maruichi Sun Steel JSC vice general director Nishino Tetsuya said that Binh Duong has facilitated the company's effective operation. The company increased from $300mil to 420mil in developing its production. And, the company's new plant will be put into operation in Dec. 2013.Meanwhile, Sai Gon Stec Co.Ltd. Of Japan poured more $175mil into production expansion. Earlier, the company invested $340mil into e-chip and camera production. The increase of capital will help the company boost its production capacity up to 225 million products per year. Sai Gon Stec Co.Ltd's leaders said that during operation process at Binh Duong, aside from synchronous infrastructure facility, great attention and support of the provincial authorities have increased trust for businesses.Regarding increase of capital, many enterprises said that they believe in Binh Duong's investment environment. As for the local administration, the functional agencies have paid much attention to investment appeal and assistance for investors. A good investment environment bringing satisfaction for investors certainly creates increase of capital. "Vietnam is a nation highly valued by foreign businesses, we believe that the country will enjoy more investment projects in the future. We hope that localities not only urge investment from investors but facilitate their development to attach long to the locality", Mr. Mitsuhiro Mori, former president of Japanese business association in HCMC said.In 2010, Binh Duong province's FDI attraction reached $1.05bil, $536mil of which were from capital increase. One year later, the local FDI attraction won more than $900mil, nearly $490mil of which were from increase of capital. In 2012, the province enjoyed $2.6bil in FDI attraction, over $1bil of which was from capital increase. In the first six months of this year, the locality accounted for $925mil in FDI attraction, $331.5mil of which were from capital increase. Since 2010, increase of investment capital of businesses has accounted for more than 43% of total FDI capital poured into the locality. Reported by V.Giang - Translated by A.C
FDI enterprises' capital increase - measure of satisfaction
Foreign-invested enterprises often divide their investment into many various stages and if realizing advantaged environment and efficiency in production and business, they will increase capital for production expansion. In the FDI capital source poured into Binh Duong, the rate of businesses increasing capital has accounted for a high level. According to functional agencies, the increase of capital has showed satisfactory level of enterprises. At a production line of Showa Gloves Vietnam Co.Ltd.After doing business in Binh Duong, many businesses have enjoyed high results in production and business. The very advantaged investment environment has helped businesses attach long to the province. Kraft Vina Paper Co.Ltd. in My Phuoc 3 IP, Ben Cat district is considered as a proof for this result. In Jan. 2010, Kraft Vina Paper Co.Ltd, the joint venture between SCG Paper Group of Thai and Rengo of Japan inaugurated a paper plant with the capacity of 225,000 tons of paper per year with the investment capital of US$180mil. After more than 30 months of operation, this paper plant has reached a very high efficiency of business and production. Its 97% of products has been consumed in Vietnam and the remaining has been exported to Japan. To meet the market demand, Kraft Vina Paper Co.Ltd has mapped out a plan on increasing its capacity up to 250,000 tons per year with the investment capital of $150mil for new production line, the company general director Chalokeporn Phalajivin said.Like Kraft Vina Paper Co.Ltd., Maruichi Sun Steel JSC of Japan specializing in producing steel at Tan Dong Hiep, Di An town since 1996, poured more $120mil in expanding 2 more production lines in the past year in a bid to satisfy local and outbound demand. Maruichi Sun Steel JSC vice general director Nishino Tetsuya said that Binh Duong has facilitated the company's effective operation. The company increased from $300mil to 420mil in developing its production. And, the company's new plant will be put into operation in Dec. 2013.Meanwhile, Sai Gon Stec Co.Ltd. Of Japan poured more $175mil into production expansion. Earlier, the company invested $340mil into e-chip and camera production. The increase of capital will help the company boost its production capacity up to 225 million products per year. Sai Gon Stec Co.Ltd's leaders said that during operation process at Binh Duong, aside from synchronous infrastructure facility, great attention and support of the provincial authorities have increased trust for businesses.Regarding increase of capital, many enterprises said that they believe in Binh Duong's investment environment. As for the local administration, the functional agencies have paid much attention to investment appeal and assistance for investors. A good investment environment bringing satisfaction for investors certainly creates increase of capital. "Vietnam is a nation highly valued by foreign businesses, we believe that the country will enjoy more investment projects in the future. We hope that localities not only urge investment from investors but facilitate their development to attach long to the locality", Mr. Mitsuhiro Mori, former president of Japanese business association in HCMC said.In 2010, Binh Duong province's FDI attraction reached $1.05bil, $536mil of which were from capital increase. One year later, the local FDI attraction won more than $900mil, nearly $490mil of which were from increase of capital. In 2012, the province enjoyed $2.6bil in FDI attraction, over $1bil of which was from capital increase. In the first six months of this year, the locality accounted for $925mil in FDI attraction, $331.5mil of which were from capital increase. Since 2010, increase of investment capital of businesses has accounted for more than 43% of total FDI capital poured into the locality. Reported by V.Giang - Translated by A.C
At a production line of Showa Gloves Vietnam Co.Ltd.After doing business in Binh Duong, many businesses have enjoyed high results in production and business. The very advantaged investment environment has helped businesses attach long to the province. Kraft Vina Paper Co.Ltd. in My Phuoc 3 IP, Ben Cat district is considered as a proof for this result. In Jan. 2010, Kraft Vina Paper Co.Ltd, the joint venture between SCG Paper Group of Thai and Rengo of Japan inaugurated a paper plant with the capacity of 225,000 tons of paper per year with the investment capital of US$180mil. After more than 30 months of operation, this paper plant has reached a very high efficiency of business and production. Its 97% of products has been consumed in Vietnam and the remaining has been exported to Japan. To meet the market demand, Kraft Vina Paper Co.Ltd has mapped out a plan on increasing its capacity up to 250,000 tons per year with the investment capital of $150mil for new production line, the company general director Chalokeporn Phalajivin said.Like Kraft Vina Paper Co.Ltd., Maruichi Sun Steel JSC of Japan specializing in producing steel at Tan Dong Hiep, Di An town since 1996, poured more $120mil in expanding 2 more production lines in the past year in a bid to satisfy local and outbound demand. Maruichi Sun Steel JSC vice general director Nishino Tetsuya said that Binh Duong has facilitated the company's effective operation. The company increased from $300mil to 420mil in developing its production. And, the company's new plant will be put into operation in Dec. 2013.Meanwhile, Sai Gon Stec Co.Ltd. Of Japan poured more $175mil into production expansion. Earlier, the company invested $340mil into e-chip and camera production. The increase of capital will help the company boost its production capacity up to 225 million products per year. Sai Gon Stec Co.Ltd's leaders said that during operation process at Binh Duong, aside from synchronous infrastructure facility, great attention and support of the provincial authorities have increased trust for businesses.Regarding increase of capital, many enterprises said that they believe in Binh Duong's investment environment. As for the local administration, the functional agencies have paid much attention to investment appeal and assistance for investors. A good investment environment bringing satisfaction for investors certainly creates increase of capital. "Vietnam is a nation highly valued by foreign businesses, we believe that the country will enjoy more investment projects in the future. We hope that localities not only urge investment from investors but facilitate their development to attach long to the locality", Mr. Mitsuhiro Mori, former president of Japanese business association in HCMC said.In 2010, Binh Duong province's FDI attraction reached $1.05bil, $536mil of which were from capital increase. One year later, the local FDI attraction won more than $900mil, nearly $490mil of which were from increase of capital. In 2012, the province enjoyed $2.6bil in FDI attraction, over $1bil of which was from capital increase. In the first six months of this year, the locality accounted for $925mil in FDI attraction, $331.5mil of which were from capital increase. Since 2010, increase of investment capital of businesses has accounted for more than 43% of total FDI capital poured into the locality. Reported by V.Giang - Translated by A.C
