As many as 15 FDI projects operating in various fields in southern Dong Nai province have added a combined capital of 310 million USD since the beginning of this year.
Mai Van Nhon, deputy head of the management board overseeing industrial parks (IPs) in Dong Nai, said that in the same period, the province has licensed 14 new FDI projects with a total capital of 120 million USD, six of which are Japanese.
Japan, which now ranks third among Dong Nai’s foreign investors, has 165 projects valued at nearly 3.1 billion USD, according to statistics released by the management board.
The Japanese side has put into operation the Long Duc IP, which has so far attracted 25 projects invested by Japanese businesses with a combined registered capital of 724 million USD.
Nhon asserted that Dong Nai will reduce costs for administrative formalities by 30 percent for small- and medium-sized FDI businesses. The province has established a working group tasked with introducing Japanese investors to its potential and investment incentives – such as the fact that it takes Japanese investors only around 10 days to receive an investment license.
Vietnam and Dong Nai province in particular are attractive destinations in the eyes of Japanese investors thanks to low labour costs, political stability and easy connection with ASEAN market.
Daikan Vietnam Ltd in Dong Nai’s Amata IP has decided to triple its investment after three years of operation due to the province’s favourable business climate, said the president of the company Osamu Jingi.
He added that Japanese investors believe Vietnam will serve as a gateway to expand their export to other ASEAN countries and a wave of investment from Japanese firms, especially small- and medium-sized enterprises, will soar in the coming time.
The province’s favourable infrastructure and developed services are other factors to attract Japanese investors, said Junko Takao, President of the Sanor Electronics company.
Japanese investors in Dong Nai want Vietnam to intensify administrative reform, especially those related to customs, and perfect the legal system to boost their export to Thailand, Indonesia and Malaysia.
Last year, the locality attracted over 1.6 billion USD in FDI, of which 30 percent was sourced from Japanese investors. More than 50 percent of them have expanded their production and many will do so again in the near future.
Many Japanese firms tend to shift their investment to Vietnam. Thus, to attract more investors, the province needs to further step up reforms and perfect its infrastructure system, according to the management board.-VNA
Mai Van Nhon, deputy head of the management board overseeing industrial parks (IPs) in Dong Nai, said that in the same period, the province has licensed 14 new FDI projects with a total capital of 120 million USD, six of which are Japanese.
Japan, which now ranks third among Dong Nai’s foreign investors, has 165 projects valued at nearly 3.1 billion USD, according to statistics released by the management board.
The Japanese side has put into operation the Long Duc IP, which has so far attracted 25 projects invested by Japanese businesses with a combined registered capital of 724 million USD.
Nhon asserted that Dong Nai will reduce costs for administrative formalities by 30 percent for small- and medium-sized FDI businesses. The province has established a working group tasked with introducing Japanese investors to its potential and investment incentives – such as the fact that it takes Japanese investors only around 10 days to receive an investment license.
Vietnam and Dong Nai province in particular are attractive destinations in the eyes of Japanese investors thanks to low labour costs, political stability and easy connection with ASEAN market.
Daikan Vietnam Ltd in Dong Nai’s Amata IP has decided to triple its investment after three years of operation due to the province’s favourable business climate, said the president of the company Osamu Jingi.
He added that Japanese investors believe Vietnam will serve as a gateway to expand their export to other ASEAN countries and a wave of investment from Japanese firms, especially small- and medium-sized enterprises, will soar in the coming time.
The province’s favourable infrastructure and developed services are other factors to attract Japanese investors, said Junko Takao, President of the Sanor Electronics company.
Japanese investors in Dong Nai want Vietnam to intensify administrative reform, especially those related to customs, and perfect the legal system to boost their export to Thailand, Indonesia and Malaysia.
Last year, the locality attracted over 1.6 billion USD in FDI, of which 30 percent was sourced from Japanese investors. More than 50 percent of them have expanded their production and many will do so again in the near future.
Many Japanese firms tend to shift their investment to Vietnam. Thus, to attract more investors, the province needs to further step up reforms and perfect its infrastructure system, according to the management board.-VNA
