A production line at a company in Binh Duong (Source: VNA)

Japanese-invested projects have proved effective and significantly contributed to economic development in the southern province of Binh Duong, said Chairman of the provincial People’s Committee Tran Van Nam. 

Japanese investors have to date run 232 projects totalling approximately 5 billion USD in the locality, with a focus on electronic components, pharmaceuticals and high-quality products.

Locals are most excited about the Aeon Binh Duong Canary shopping centre, which is operating effectively.

Most recently, a series of projects to develop the property market, transport infrastructure and smart buses are underway in the province.

Japanese-invested projects have also generated jobs for tens of thousands of local labourers.

Binh Duong is currently ranked second in the country in FDI attraction. In the first seven months of this year, the province lured over 1.2 billion USD in FDI, surpassing the yearly target of one billion USD.-VNA