More and more Japanese companies are exploring and investing in Long An because of its increasingly attractive investment environment, said the Vietnamese Business Forum Magazine (VBF).

In recent years, Long An province has actively approached and learned about Japanese investors and introduced investment opportunities to them. The province has applied a lot of innovative mechanisms and policies for investors to tap local advantages, especially Japanese investors.

Presently, Japan ranks third in investment capital in Long An (after Taiwan and the Republic of Korea) with a total registered capital of over 300 million USD.

Japan’s increasing investment into Vietnam in general and Long An province in particular is a result of its accelerating reconstruction at the back of earthquake and tsunami disasters.

Besides, Japanese investors tend to relocate production facilities from China to Vietnam. In addition to investment environment, Long An province has a lot of favourable conditions and advantages to attract and meet specific requirements of Japanese investors.

The investment environment in Long An province is increasingly improved, investment promotion activities are more effective, and infrastructure developers have appropriate policies to draw investors. The province is attracting more Japanese investors because Japanese companies currently operating here are effective and because the province has good investment attraction policies.

Defining Japan as a strategic partner, Long An is targeting Japanese small and medium businesses specialised in supporting industries, tourism, service and commercial infrastructure development.-VNA