Business

Japan's Tokyu Group keen on further promoting cooperation with Binh Duong

Japan's Tokyu Group Chairman Nomoto Hirofumi has pledged to continue cooperating and sharing its 100-year experience with the southern province of Binh Duong to turn the locality into a green, smart and worth-living city.
Japan's Tokyu Group keen on further promoting cooperation with Binh Duong ảnh 1An overview of the meeting (Photo: VNA)
Binh Duong (VNA) - Japan's Tokyu Group Chairman Nomoto Hirofumi has pledged to continue cooperating and sharing its 100-year experience with the southern province of Binh Duong to turn the locality into a green, smart and worth-living city.

Hirofumi made the commitment at a meeting with Secretary of the Party Committee of Binh Duong province Nguyen Van Loi on September 12.

Briefing the provincial leader on the outcomes of cooperation between the Tokyu Group and Becamex IDC in developing infrastructure for Binh Duong New City, he said that it has encouraged other Japanese enterprises to invest in Binh Duong, especially in the locality's prioritised areas such as urban development and transport infrastructure expansion.

For his part, Loi welcomed the Tokyu Group's investment in Binh Duong and partnership with Becamex IDC. The two sides have conducted many service and urban development projects in the new city of Binh Duong, helping to implement the province's roadmap in industrial, service and urban development, he noted.

According to the provincial leader, Binh Duong is focusing on developing its transport infrastructure. It has launched the construction of Belt Road No. 3 and will start the building of Ho Chi Minh City-Thu Dau Mot-Chon Thanh Expressway in 2024. Binh Duong is also working with the Japan International Cooperation Agency (JICA) on a trans-Asia railway project and another to connect the local metro line with Ben Thanh-Suoi Tien metro line, while investing 10 trillion VND to develop a BRT system.

Loi said that Binh Duong has zoned off 20,000 hectares of land for urban development and 25,000 hectares for industrial development. He said the province hopes to strengthen cooperation with strong firms such as Tokyu in prioritised areas.

Currently, Japan is the second biggest investor in Binh Duong province with 350 projects worth 5.9 billion USD.

The Tokyu Group has engaged in many projects in Binh Duong, including Tokyu Binh Duong Garden City that was launched in 2012 in collaboration with Becamex. The project has a total investment of 1.2 billion USD./.
VNA
#Tokyu Group #Binh Duong #Binh Duong New City #urban development #Becamex IDC #Vietnam #Vietnam news #Vietnam News Agency Binh Duong Japan
Follow VietnamPlus

Related News

Japanese investment in Binh Duong almost reaches 6 billion USD

Japanese investment in Binh Duong almost reaches 6 billion USD

Japanese investors have so far poured almost 6 billion USD in the southern province of Binh Duong, Standing Vice Chairman of the provincial People’s Committee Mai Hung Dung said at a working session with a delegation of the Kansai Bureau of Economy,Trade and Industry (METI Kansai) on August 4.

See more

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.

Deputy Minister of Finance Do Thanh Trung speaks at the ceremony (Photo: VNA)

Project to advance growth, innovation, leadership for enterprises kicks off

AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.

At Regza Vietnam Electronics Co., Ltd. in Dong Nai province. (Photo: VNA)

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

In Q1 2026, Vietnam records 16 export commodities with turnover exceeding 1 billion USD. (Photo: VNA)

Exports face stiff test in bid to hit 550 billion USD

To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.

Illustrative photo (Photo: VNA)

January CPI rises on stronger Tet holiday demand

CPI in January 2026 rose 0.05% month-on-month, with urban areas up 0.02% and rural areas up 0.09%. Of the 11 major commodity and service groups, nine recorded price hikes while two saw declines.

Vietnam is currently Cambodia’s third-largest trading partner worldwide, after China and the US, and its largest trading partner within ASEAN. (Photo: Ministry of Industry and Trade)

Party chief’s Cambodia visit to open up new phase of deeper, closer cooperation

To further unlock the potential of bilateral economic and trade cooperation, Vietnam and Cambodia should continue reviewing and effectively implementing signed agreements, facilitating trade and border connectivity, strengthening trade promotion in complementary sectors, reforming administrative procedures, upgrading border and logistics infrastructure, and enhancing coordination in combating smuggling and trade fraud.

Investors monitor stock market movements at the HoSE trading floor. (Photo: VNA)

VNX, FTSE Russell discuss Vietnam market upgrade

During the working session, the two sides shared updates on the performance of Vietnam’s stock market in 2025, focusing on market capitalisation, index trends, developments in the equities, bond and derivatives segments, and the continued expansion of the investor base.

Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City (Photo: VNA)

Vietnamese goods dominate Tet market in Ho Chi Minh City

Despite still-muted purchasing power, Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City, as consumers increasingly prioritise locally made goods, from fresh food and fast-moving consumer items to processed products, for their stable quality, reasonable prices and transparent origins.

Vietnamese Ambassador to Algeria Tran Quoc Khanh talks with an Algerian businessman at the 7th International Chocolate and Coffee Show in Algeria, on February 4. (Photo: VNA)

Vietnam, Algeria promote economic cooperation

Vietnamese Ambassador to Algeria Tran Quoc Khanh has visited Oran Province to follow up on agreements from Prime Minister Pham Minh Chinh's November visit, during which he held meetings with local officials and business representatives.

Visitors at the first Spring Fair 2026. (Photo: VNA)

Ho Chi Minh City showcases economic, cultural potential at Spring Fair 2026

Covering nearly 3,400 square metres, Ho Chi Minh City's exhibition area has brought together almost 80 representative enterprises and key economic organisations, displaying more than 300 products, solutions and services distinctive to the city. The exhibition highlights the city's vitality and potential as a dynamic and innovative economic hub committed to sustainable growth.