Japan to lead in investment attraction in Binh Duong

According to Provincial Department of Planning - Investment, Binh Duong has now totally 2,511 FDI projects with a total investment of $21.86 billion. Among these, Japan has 232 projects with a total registered capital of $4.9 billion, accounting for 9.2% of project number and nearly 23% total investment capital. Thus, Japanese firms have led the FDI sector in Binh Duong. Japanese firms are also leading project scale: average investment of Japanese firm in one project is over $21 million.

In recent years, Japanese firms have shifted their investment to focus on industrial production, like: electronic components, manufacturing, automobile assembling, iron and steel production, food processing, supporting industry... Many projects in these industries had large investments, such as: Maruchi Sun Steel Co. with an investment of $420 million, Saigon Electrics Wonderful Ltd. Co. with an investment of $240 million…

Reported by K.Vinh – Translated by Ngoc Huynh