Japanese corporation pours 1.2 billion USD in Binh Duong’s urban projects
Binh Duong (VNA) – 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.
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 the
leading provinces in the country in terms of socio-economic development and attracting
foreign direct investment (FDI).
The province attracted over 3 billion USD in FDI
in 2022, ranking second
nationwide in terms of FDI attraction, after Ho Chi Minh City.
There are 341 Japanese projects in the locality with a
total registered capital of over 5.8 billion USD. They are mainly in
the production of electronic components, electronic circuits and chips,
automobile assembly, iron and steel, supporting industries and commercial
services.
The Binh Duong leader also said the province is drawing investment
into projects that use advanced and environmentally-friendly technologies that
are less labour intensive with higher added value./.