In the latest investment flow chart of Binh Duong province, Japanese companies have not only increased the quantity but also shifted from industrial to urban, transport infrastructure, service field.
Investing in large-scale projects
In addition to investments in industrial sector, Binh Duong has absorbed Japanese investments in urban infrastructure, trade – service sector. Notably, Aeon Shopping Mall of Binh Duong Canary with an investment of $95 million was officially opened in late 2014. This is one large project attracting the great attention. Aeon Mall Binh Duong Canary has not only served people’s shopping needs but also been a new spotlight of the urbanization process in Binh Duong.
Sora Gardens I project was completed and transferred their first apartments to customers
Lately, Sora Gardens I project, which is the first component project of Tokyu Binh Duong urban area, had a total investment of $1.2 billion, was completed and transferred their first apartments to customers. The project opened up a new cooperative direction in urban development, transport infrastructure field in Binh Duong province.
Yasuyuki Nakata, General Director of Becamex Tokyu Co., said: “I believed in in the business environment in Binh Duong, thus we decided to invest in urban development field, and turned Sora Gardens to a special highlight of Binh Duong New City. In the future, we will continue to invest in urban development here”.
These new projects are expected to boost trade sector, urban development, create an important highlight for Binh Duong City.
Creating optimal conditions for businesses
In recent years, Binh Duong has prepared carefully for attracting foreign investments, especially Japanese investments. These efforts combined with local advantages of infrastructure, human resources, administrative reforms ... have created the satisfaction at Japanese enterprises.
PPC’s Chairman Tran Van Nam appreciated the performance of Japanese investors in Binh Duong. He also believed, Japanese investors were focusing on industrial production with high technology level, highly-added-value products, simultaneously focusing on urban development, trade-services. This was very consistent with Binh Duong policies on investment attraction, sustainable development. The province will create optimal conditions for businesses to invest efficiently.
According to the latest report of Japanese Consulate General in HCMC, Binh Duong province is currently the second-ranked locality attracting Japanese investments (the first locality is Than Hoa). Among 2,510 FDI projects with a total registered capital of $21.7 billion in Binh Duong, Japan has 232 projects with a total registered capital of $4.9 billion According to provincial Department of Planning and Investment, regarding project scale, the average investment of one Japanese project in Binh Duong is more than $21 million. This is the highest average among foreign investors of Binh Duong.
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Reported by K.Vinh - X.Thi – Translated by Ngoc Huynh
