HCM City attracts Japanese support industry firms

Inaugural ceremony of Vietnam-Japan Technology Park's first phase (Source :hiepphuoc.vn)

Hanoi (VNA) – The southern metropolis of Ho Chi Minh City has attracted several Japanese firms into its Vietnam-Japan Technology Park, an all-in service park model designed specifically for the supporting industry. 

According to Dau Tu (Investment) newspaper, Araimichi is the first firm to start operation in the park this year. It produces precision mechanical components for Toyota and other Japanese manufacturers in Vietnam. 

The newspaper also quoted the park’s deputy director general Nguyen Quoc Vinh as saying that six other Japanese enterprises have completed workshop leasing negotiations and they are expected to install machinery for production after the Lunar New Year holiday. 

Covering an area of 13 ha in Hiep Phuoc Industrial Park, with a total investment of 31 million USD, the Vietnam-Japan Technology Park offers complete service packages of readily-built workshops, management and legal procedures for investors.
 
Under the first phase, the park has built 14,000 sq.m of production facilities, most of which have been leased out. 

The second phase of construction is expected to start soon.

Vinh said many Japanese enterprises operating in different fields have shown interest in leasing facilities in the park in order to benefit from its preferential treatments and services.

He proposed that the second phase of the Hiep Phuoc Industrial Park should be designed to meet demands of these enterprises. 

The construction of the Vietnam-Japan Technology Park began in February 2014, with investment for phase one at about 7.6 million USD.

Of which, the Vietnam-Japan Technology Park shouldered 55 percent, and the remaining came from the Hiep Phuoc Industrial Park Joint Stock Company.-VNA