Japanese enterprises invest securely in Binh Duong province

On October 25, a meeting with Japanese enterprises was held at Provincial Convention and Exhibition Center. Tran Thanh Liem, Vice Chairman of the provincial People's Committee, and leaders of departments participated in the meeting. Kawaue Junichi, Consulate General of Japan in Ho Chi Minh City; Japanese Businesses’ Association, representatives of Japanese investors in Binh Duong... were also at the meeting.

Japanese investors give opinions at the meeting.

An attractive destination

At present, Japan is the second largest source of foreign direct investment (FDI) in Vietnam. Particularly in Binh Duong, Japanese investors have invested 249 projects with total registered capital of $5.218 billion, is ranked second and account for 18.7% of total FDI in the province. A number of prominent projects have contributed to the change in Binh Duong, such as Binh Duong Tokyu real estate project invested by Tokyu Group, total registered capital of $1.2 billion; AEON Mall Binh Duong Canary invested by AEON Mall Vietnam Company with a total capital of $95 million; Wonderful Saigon Electrics Company producing electronic components invested by Sun-S Group with total capital of $450 million; Saigon Stec electronic components with total investment of $340 million...

According to Kawaue Junichi, it is a good signal, when many Japanese companies and corporations continue to select Binh Duong for investment. This proved that the investment environment of Binh Duong is always appreciated as an attractive destination for Japanese business community in particular and for foreign business community in general when choosing a location for investment.

According to data released by provincial Department of Planning and Investment at the meeting, from the beginning of the year to October 15, foreign investment of Binh Duong continued to achieve high results. Total registered capital reached $2.171 billion, surpassing 55% of the year plan, equaling 131% compared to the same period last year, including 160 new investment projects and 99 capital-increase projects. Many of these are from Japanese enterprises. Up to now, Binh Duong has licensed 3,009 foreign investment projects with total registered capital of $27.939 billion. Binh Duong is ranked second in the country in terms of FDI, just behind Ho Chi Minh City.

Secure long-term attachment

After more than four hours of the meeting, many questions and difficulties of provincial Japanese business community were answered directly by provincial leaders and related departments.

A representative of Asia Shouwa Vietnam said, it was necessary to increase the time of traffic lights in Binh Duong New City to ensure the safety of passengers. Representatives of Department of Transport - Transportation answered: "Based on this recommendation, Department of Transport will notice this and collaborate with related departments, localities and Becamex IDC to survey the placement of traffic light system for adjusting the time of traffic lights in accordance with the traffic volume of each intersection".

It can be said that there was consensus and sympathy between provincial People's Committee and Japanese enterprises at the meeting. Dozens of comment and problem were solved and answered by representatives of provincial People's Committee and related departments, creating satisfaction, consensus from the Japanese business community. Mr. Liem said that opinions of the business community were close to the reality of business operations and were resolved quickly. However, in a short time at the conference, many issues may not be really satisfactorily solved. Therefore, related departments should carefully review questions, continue to resolve, create confidence and satisfaction for Japanese enterprises when coming to Binh Duong.

Reported by Khanh Vinh – Translated by Ngoc Huynh