Vietnamese enterprises in Japan seek for investment opportunities in Binh Duong

With the desire to receive contributions from many resources, including knowledge resources, capital and experience of overseas Vietnamese businessmen, Binh Duong is committed to creating favorable conditions for investment, production, and business to help the province develop quickly, sustainably and integrate more strongly to the world in the coming time.

The delegation of the Vietnam Business Association in Japan (VJBA) seek investment opportunities in Binh Duong

The bridge to attract investment

With an open and attractive investment environment, Binh Duong in recent years has always been one of the leading provinces and cities nationwide to attract foreign direct investment (FDI) inflow. Currently, about 4,100 FDI projects in the province are accounted for a total capital resource of nearly USD 40 billion from 65 countries and territories. Binh Duong is currently ranked 2nd in the country in terms of FDI attraction after Ho Chi Minh city.

According to statistics in the province, about 130 projects are invested by overseas Vietnamese with a total capital of more than VND 4,300 billion in quite diverse investment fields. On average, each year more than 5,000 overseas Vietnamese enter and leave the province. From 2017 to 2023, the amount of remittances sent by overseas Vietnamese was estimated at over VND 4,000 billion, which rate is always rising year on year. The number of overseas Vietnamese returning home for research and investment cooperation is increasing, but the province has not yet fully exploited its potential and strengths as well as the resources from overseas Vietnamese.

According to Ha Thanh - Director of the Department of Foreign Affairs, Binh Duong is implementing the Smart City and Innovation Zone Project, so the province will in the coming time continue to prioritize attracting investment in public sectors and fields of high, advanced, environmentally friendly, less labor intensive industries to create higher added value along with supporting industries, especially attracting investment in the Science and Technology Industrial Park on the basis of 4^th industrial revolution with the goal of becoming the Innovation Center of the Southern Key Economic Region and with the desire to receive contributions from many different resources including knowledge, capital and experience of overseas Vietnamese businessmen to help the province develop quickly and sustainably.

Seeking opportunities for mutual development

Recently, the delegation of the Vietnam Business Association in Japan (VJBA) visited to work on and study investment opportunities in Binh Duong. VJBA is a voluntary socio-professional organization of businesses whose owners are Vietnamese or Vietnamese who are operating for a long time and have a good reputation in Japan. VJBA gathers and represents businesses operating in the fields for the benefit of the community and businesses, enhancing the Vietnamese and Japanese brands in the market and contributing to the economic development of the two countries.

At the meeting, Vu Hoang Duc, Chairman of VJBA said that in 11 years of establishment and operation of the association, the orientations are focusing on high-quality human resources, connecting businesses of the two countries, especially small and medium enterprises.

“We always look to the fatherland, and want to connect all Vietnamese businesses, especially small and medium enterprises across the world in trade, services, import and export. In this business trip to Binh Duong and some provinces, we hope to connect trade, and seek investment opportunities to introduce Japanese technology to businesses in Vietnam in general and Binh Duong in particular,” said Vu Hoang Duc.

Vu Hoang Duc also hoped that in the coming time, the provincial authority and related units will facilitate and coordinate to connect, and search for human resources and train Japanese workers, agricultural products and food-featured products of high quality to introduce and promote in Japan. Can Thanh Huyen, CEO of HSB Japan, said that she has a typical enterprise operating in many fields of real estate, Japanese language training, comprehensive consulting for foreigners living and working. In Japan, the company is constantly expanding its network to many countries. HSB Japan gathers personnel from more than 10 countries with the same goal of building and developing strong overseas businesses.

With a specialized business in engineering and related services for industrial plants in Vietnam, Bateco Group continues to plan to invest in industrial clusters. In particular, priority should be given to supporting industries, high-tech and environmentally friendly industries to create growth engines. Pham Anh Tuan - Managing Director of Bateco Group also said: “Binh Duong is one of the major industrial development localities in the country, so we want to find investment opportunities in the province. Bateco Group is also having a strategy to expand into the manufacturing and high-tech fields that Binh Duong is investing in.”

Tran Thi Kim Van - Chairwoman of the provincial Union of Friendship Organizations, said that Binh Duong always welcomes domestic and foreign businesses to invest in the fields the province is encouraging and prioritizing. At the same time, it is expected that in the coming time, Vietnamese enterprises in Japan will strengthen cooperation with Binh Duong enterprises in the fields of agricultural product processing, medicine and pharmaceuticals to contribute to the development of the socio-economic situation of Vietnam, Japan in general, and Binh Duong province in particular.

Reported by Ngoc Thanh – Translated by Vi Bao