The Japanese-invested Tone Vietnam Co. Ltd commenced operations and inaugurated a factory producing handheld tools at the Nhon Trach 3 Industrial Park in Nhon Trach district, southern Dong Nai province on April 22.

The company, with more than 5 million USD in investments, is an affiliate of Japan’s Tone Co. Ltd with 80 years of experience in portable tool manufacturing. It leased 2 hectares of land at the industrial park in 2010 to build its facilities.

Speaking at the inauguration ceremony, Chairman of the Dong Nai People’s Committee Dinh Quoc Thai stressed that his province has offered favourable policies for Japanese investment over the past years, given the financial strength, cutting-edge technology and responsible staff of Japanese firms.

He said Dong Nai has attracted 925 million USD in foreign direct investment (FDI) since the beginning of 2015, 25 million USD higher than this year’s target.

It currently houses about 1,230 active FDI projects worth more than 22.5 billion USD. Among 40 countries and territories investing in Dong Nai, Japan has nearly 200 enterprises with a registered capital of around 3.3 billion USD, Thai added.

Dong Nai is located in Vietnam’s southern key economic region, which also includes Ho Chi Minh City and Binh Duong, Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An and Tien Giang provinces.-VNA