The relations of friendship and cooperation between Vietnam and Japan have got better and better. With this advantage, many Japanese enterprises have been interested in Vietnam and Binh Duong is one of Vietnam’s localities prioritized from them, due to having a favorable investment climate with well-built infrastructure… 

Provincial People’s Committee Chairman Le Thanh Cung receiving a business delegation of Saitama province in Japan

Since early this year, Japan has continued leading foreign investment in Binh Duong with a total registered capital of more than US$246mln, accounting for 35% of total FDI capital flowing into the province and representing an increase of over 5.6 times compared to the corresponding period of last year.

Japan has so far taken the lead among 39 countries and territories making investment in Binh Duong with 216 projects capitalized at more than US$4.6bln. On average, each Japanese-investment project has a total capital of nearly US$21.3mln, the highest figure in industrial manufacture.

According to provincial People’s Committee, there is a diversification of the Japanese-invested industries, ranging from infrastructure, urban-trade-service development to manufacture of electronic components, food processing…Some Japanese projects with great capital include Tokyu Group with US$1.2bln, Maruchi Sun Steel Co.Ltd. with US$420mln, Aeon Group with US$95mln, Vinastar Car Production Co.Ltd. with US$53mln, Wonderful Saigon Electrics Co.Ltd. with US$450mln, Nitto Denko Co.Ltd. with US$50mln…

Along with ongoing Japanese projects, since early this year, Binh Duong has further welcomed many Japanese business delegations in research of the local investment climate. In early March, a business delegation of Saitama province in Japan with 24 members representing 22 companies in many different fields visited and learnt about Binh Duong’s investment climate.

The delegation had a working session with provincial leaders, carefully surveyed industrial parks invested by Becamex IDC and toured Binh Duong New City. Many members of the delegation spoke highly of Binh Duong’s industrial and urban infrastructure and said that they will quickly forward investment in the province.

On behalf of the delegation, Mr.Suzuki Tsutomu, CEO of Saitama Agata Bank said that enterprises in Japan have so far spoken highly of the investment climate of Vietnam, including Binh Duong. Hence, the delegation will made a careful survey on Binh Duong’s investment climate for specific investment plans in the coming time.

Japanese Consul General Hida Harumitsu in HCM city believes that FDI capital from Japan flowing into Binh Duong will continue growing in the coming time. Meanwhile, Yasuo Nishitohge, General Director of Aeon Vietnam Co.Ltd. said: “We have received the attention and help of authorities at all levels of Binh Duong. Thanks to this, the Aeon Binh Duong trade center project has been implemented on schedule. It is expected to be put into operation on November 1, 2014”.

According to provincial People’s Committee Chairman Le Thanh Cung, fields invested Japanese enterprises and those under survey for investment are very suitable to the province’s policy calling for investment towards sustainable industrial development. He has also spoke highly of Japanese investors and said that the province has had careful preparations with modern industrial parks, abundant workforce, well-built infrastructure… to facilitate enterprises’ development…

In the first two months of 2014, Binh Duong absorbed 40 FDI projects with a total registered capital of more than US$720mln. The figure has brought the total number of FDI projects in the province so far to 2,255 with a total investment capital of US$19.6bln.

Among 39 countries and territories making investment in Binh Duong, Japan has taken the lead in the amount of investment capital with 216 projects capitalized at more than US$4.6bln, followed by Taiwan with 663 projects valued at nearly US$4.6bln; South Korea with 486 projects totaling US$1.85bln; Singapore with 135 projects valued at more than US$1.75bln; Hongkong with 58 projects worth US$921mln; Cayman Islands with 14 projects capitalized at US$785mln; US with 76 projects worth US$625mln…

Reported by T.Minh-Translated by K.T