With a flexible investment climate, Binh Duong continues being attractive to foreign investors. Binh Duong has attracted many Japanese investment projects since early this year. Japan has also emerged as the biggest foreign investor in Binh Duong.
Growth both in quality and quantity
Since early this year, provincial People’s Committee has granted the investment certificates to many Japanese investors.
The Tokyu Binh
Duong Garden
City ProjectAmong the
largest Japanese-invested projects licensed were the Tokyu Binh Duong Garden
City Project worth $1.2 bln, Dai Nippon Printing-DNP Group’s factory producing
film templates for the packaging industry, with total investment capital of
US$35 million in the first phase, Sun Steel Co.’s (Sunsco) additional capital
injection of US$120 million…
Binh Duong has so far absorbed 170 Japanese-invested projects with total investment capital of more than US$3.1bln. With the result, Japan now is the biggest foreign investor in Binh Duong.
Japanese-invested projects flowing into Binh Duong have also achieved increase both in quality and quantity. Dai Nippon Printing-DNP Group’s factory producing film templates for the packaging industry in the My Phuoc 3 Industrial Park is a typical example for this.
With over 130 years of operation, Dai Nippon Printing is one of the large private groups in Japan specializing in producing printing, packaging and electric equipments. The factory is scheduled to begin operations by April 2013, providing packaging materials for domestic use and export to Asian and African countries…
Breakthrough in trade-services
In 2012, Binh Duong’s real estate, trade-services sectors have created a breakthrough in foreign investment attraction.
The Tokyu Binh Duong Garden City project is most notable, worth US$1.2bln. This is the province's biggest urban project and the biggest FDI project, began construction in March 2012.
It is invested by the Becamex Tokyu Co., Ltd - a joint venture between the Becamex IDC and the Tokyu Group (Japan). The 71.5 hectare project will feature 7,500 apartments plus entertainment areas, shopping centers and offices.
Tokyu Binh Duong Garden City was also designed to become an ideal place for businesses to operate in a new environment with modern infrastructure.
Another notable real estate project, the Japan-based Aeon Group’s US$95mln three-floor commercial center with more than 75,000 sq.m in total is being developed next to the Vietnam Singapore Industrial Park 1 (VSIP 1).
It is expected that the large-scale commercial center project will get off the ground this year and create jobs for over 1,500 workers when put into operation in 2014.
At a recent meeting with the business delegation from the HCM city-based Japan Business Association, provincial People’s Committee Chairman Le Thanh Cung said: “Binh Duong now has many potential fields for investment and provincial leaders always create the best favorable conditions for foreign investors in general and Japanese ones in particularly to gain high efficiency in investment…”.
Reported by Trong Minh-Translated by K.T
