The Ho Chi Minh City People’s Committee on September 10 granted investment licences to several Japanese projects with a total investment of 166 million USD in the city’s industrial parks and processing zones.

Specifically, the Unika Group got the green light to implement its project in the Hiep Phuoc Industrial Park to build a Japanese-standard workshop area for small and medium-sized businesses, and support them during their operation.

Meanwhile, Saigon Precision Co. Ltd and Nidec Tosok Akiba Vietnam were allowed to add investment in their projects at Linh Trung 2 and Tan Thuan Processing Zones respectively.

Speaking at the granting ceremony, Chairman of the municipal People’s Committee Le Hoang Quan spoke highly of Japanese investors’ new and added investment, saying that it marks an important progress in calling on Japanese investors to the hi-tech industry, contributing to the development of the city.

At present, more than 100 Japanese enterprises are operating in the city with a total investment of over 1.2 billion USD, mainly focusing on engineering mechanics, electricity and electronics.-VNA