A Japanese investor speaks at the meeting with Binh Duong authorities on October 25 (Photo: VNA) Binh Duong (VNA) – ManyJapanese companies have continued to choose Binh Duong to make investment,proving the attractiveness of this southern province’s investment climate toforeign investors, said Kawaue Junichi, Consul General of Japan in HCM City.
He made the remark at a meeting between Binh Duong authorities and Japanese investors on October 25.
He said that along with relationsbetween Vietnam and Japan, relations between his country and Binh Duong havedeveloped strongly.
With a high development growth rate,Binh Duong has attracted many foreign investors, he said, noting that Japan isalso investing in many infrastructure and transportation projects in HCM City.
Binh Duong is expected to become animportant hub for Japanese enterprises in the coming time, he added.
Director of the provincial Department of Planning and Investment Nguyen Thanh Truc said Japan remains the second biggestinvestor in Binh Duong with a total of 249 projects worth 5.2 billion USD. Investmentfrom Japanese enterprises accounts for nearly 19 percent of total FDI here, accordingto the provincial People’s Committee.
Japanese companies have invested inthe Tokyu Binh Duong property project with capital of 1.2 billion USD, andWonderful Saigon Electrics has received 450 million USD investment from theSun-S group at the Vietnam – Singapore Industrial Park. Aeon Mall, a tradecentre project, has received investment of 95 million USD from Japan.
“The Japanese have continued toinvest in Binh Duong, which is a positive sign proving that Binh Duong remainsattractive to foreign investors in general and Japanese investors inparticular,” the local official said.
The provincialauthorities met with Japanese investors who have projects in the province tohelp them overcome obstacles they are facing.
This is the second time this year that the provincehas organised this kind of meeting with Japanese investors.-VNA
VNA
