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Japanese corporation pours 1.2 billion USD in Binh Duong’s urban projects

A leader of southern province of Binh Duong has hailed the effective investment of Tokyu corporation of Japan in urban development in the province and suggested the corporation also invest in transport infrastructure.
Japanese corporation pours 1.2 billion USD in Binh Duong’s urban projects ảnh 1At the event. (Photo: VNA)

Binh Duong (VNA) – A leader of southern provinceof Binh Duong has hailed the effective investment of Tokyu corporation of Japan in urban development in the province and suggested the corporation also invest in transport infrastructure.

At a working session with Tokyu representatives on January 10, Nguyen Van Loi, Secretary of the provincial Party Committee, said in the coming years, Binh Duong will give priority to developing infrastructure, especially transport projects that connect the province with other regions.

Tokyu Corporation set up a joint venture with Becamex IDC Corp in 2012, which has invested 1.2 billion USD so far in an  urban development scheme. Some projects in the scheme have been completed and put into use, such as Sora Garden Apartment Buildings, Viet Hoa International School and Hikari Commercial Zone.

Loi stressed that Binh Duong is one of theleading provinces in the country in terms of socio-economic development and attractingforeign direct investment (FDI).

The province attracted over 3 billion USD in FDIin 2022, ranking secondnationwide in terms of FDI attraction, after Ho Chi Minh City.

Japanese corporation pours 1.2 billion USD in Binh Duong’s urban projects ảnh 2A corner of Binh Duong city. (Photo: VNA)

There are 341 Japanese projects in the locality with atotal registered capital of over 5.8 billion USD. They are mainly inthe production of electronic components, electronic circuits and chips,automobile assembly, iron and steel, supporting industries and commercialservices.

The Binh Duong leader also said the province is drawing investmentinto projects that use advanced and environmentally-friendly technologies thatare less labour intensive with higher added value./.

VNA
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