Provincial
People’s Committee Chairman Le Thanh Cung, on November 25, received and worked
with a delegation of Japanese enterprises, led by Nagaki Yoshihiko, Vice
President of the International Friendship Exchange Council of Japan (FEC) cum
President of the Japan-Vietnam Cultural and Economic Exchange Committee. At the
reception, Mr.Cung informed the delegation about Binh Duong’s orientations for
investment attraction in the coming time and said that many investment fields
in Binh Duong are now attractive to Japanese investors… 
Gloves being manufactured at Japan’s Showa Gloves Co.Ltd.
Along with the good development of friendly and cooperative relations between Vietnam and Japan, Vietnam saw a continuous increase in the amount of investment capital from Japan over the past time.
In 2011, Binh Duong lured additional US$1.12bln in FDI capital. The amount of FDI capital from Japanese investors accounted for 26% of total. In 2012, US$2.84bln in FDI capital flew into Binh Duong and the amount of FDI capital from Japanese investors accounted for 71% of total. So far, Binh Duong has attracted 204 investment projects from Japan with a total investment capital of more than US$4bln, accounting for more than 9.2% in the number of the province’s FDI projects and nearly 21.4% of the amount of the province’s total FDI capital.
Japanese enterprises in Binh Duong have effectively worked and well realized Vietnam’s policies, contributing to promoting the local socio-economic development. Apart from focusing on hi-tech fields with great competition, many corporations from Japan have been interested in the fields of urban infrastructure, real estate, trade-services…
To serve enterprises in general and those from Japan in particular, Binh Duong has further boosted investment attraction in technical and urban infrastructure; bent on training human resources; taken good care of laborers’ lives…These things have created more advantages, helping province-based enterprises, including Japanese ones, to work effectively.
At the working session, the Japanese delegation, including enterprises in the fields of insurance, energy, chemicals, aviation, manufacturing…, carefully leant about Binh Duong’s socio-economic development, economic structure, GDP growth, demand for electricity... Mr.Cung briefly informed the delegation about the development of Binh Duong since being reestablished. Accordingly, Binh Duong is seen as an industrial locality with industrial proportion accounting for 61.3% of economic structure, average GDP per capita reaching VND52.7mln…The leader also exchanged with the delegation about Binh Duong’s socio-economic development orientations, the heart of Binh Duong New City…
Mr.Cung added that Binh Duong has concentrated on industrial development in association with urban development. The province has also given priority to investment projects in industries of urban development, electricity, electronics, food processing, medical equipment...He also affirmed that Binh Duong will created favorable conditions for enterprises, including Japanese ones, in production and business.
On behalf of the delegation, Mr.Nakagaki Yoshihiko thanked provincial leaders for their warm welcome and brief information about the issues concerned by Japanese enterprises. Based on an overall investment climate picture reported by provincial leaders, Japanese enterprises will map out specific investment strategies in Binh Duong in the coming time.
Reported by Trong Minh-Translated by K.T
