So far, Binh Duong province has absorbed more than 2,300 FDI projects with a total registered capital of nearly US$19.8bln. Japan has continued leading foreign investment in the province.
Additional great capital
Since early this year, Japan has continued ranking first among foreign investors in Binh Duong. The province has absorbed some Japanese-invested projects with great capital, according to provincial People’s Committee. They include Tanaka Ai Vietnam Co.Ltd. specialized in manufacturing materials for cosmetic sector with a total investment capital of US$20mln; Chrysanthemum Vietnam Co.Ltd. pouring US$12mln into production of steel wire; SanSho Vietnam Co.Ltd. spending US$10mln on making various components for cars and motorbikes…
Provincial People’s Committee Chairman Le Thanh Cung (right) handing over an investment license to a Japanese enterprise.
Many Japanese-invested projects in the province have also decided to raise their investment capital for production expansion. For example, Wonderful Saigon Electrics Co.Ltd. increased its investment capital by US$210mln. Kurabe Industrial Vietnam Co.Ltd. poured additional US$15mln into production…
In addition, provincial People’s Committee has granted investment licenses for Japanese projects in the domains of trade and services. Particularly, Aeon Mall Binh Duong Co. Ltd. was licensed to lease a shopping center developed by AEON Vietnam in the province. The US$95 mln shopping center has a total commercial area of 45,000 square meters. The Japanese-invested Dream Infinity Co., specialized in recreational services, was also granted an investment license of US$1.5mln at the AEON-Binh Duong Canary shopping center.
Provincial People’s Committee also granted an investment license to another Japanese project in the field of trade-service, Becamex Tokyu Bus Services Co.Ltd. to build up an environmentally friendly bus system.
According to provincial People’s Committee, the province has till now attracted 222 Japanese-invested projects with a total investment capital of more than US$4.7bln. The result has helped Japan rank first among 38 countries and territories making investment in Binh Duong. On average, each Japanese project is worth nearly VND21.2mln. This is the highest average figure among countries and territories making investment in the province.
Attractive investment climate
Binh Duong have also continuously welcomed many business delegations from Japan in research of investment climate. Among them, there was a business delegation from Japan’s Saitama province. The delegation included 24 members representing 22 large-scale companies in electronics, auxiliary industry, telecommunications…After this visit, some projects from Saitama’s businesses are completing procedures for making investment in Binh Duong.
In early August, Michitaka Iwasawa, Deputy Head of Japan’s Akita province led a business delegation to visit and search investment climate in Binh Duong. He said that Binh Duong was a potential and attractive destination for Japanese investors.
At the reception, Le Thanh Cung, Chairman of provincial People’s Committee also spoke highly of the investment efficiency of Japanese businesses in the province over the past time while saying that their investment sectors were very line with the province’s orientations on sustainable industrial development, especially the development of auxiliary industries with high technology, high added value and great competition.
To absorb more investors, according to Mr.Cung, the province has focused on perfecting modern industrial parks, making an abundant trained workforce, promoting administrative reforms...All will create favorable conditions for businesses to uphold their investment efficiency in Binh Duong.
Reported by Trong Minh-Translated by K.T
