14:33 | 05/11/2017 Economy
Many Japanese companies are continuing to choose Binh Duong to make investments, proving the attractiveness of the southern province’s investment climate to foreign investors, said Kawaue Junichi, Consul General of Japan in HCM City.
|A Japanese investor speaks at the meeting with Binh Duong authorities on October 25 - Photo: VNA|
He made the remark at a meeting with Director of the provincial Department of Planning and Investment Nguyen Thanh Truc, on October 25.
He said that alongside the relations between Vietnam and Japan, relations between his country and Binh Duong have developed strongly.
With a high development growth rate Binh Duong has attracted many foreign investors, he stated, noting that Japan is also investing in many infrastructure and transportation projects in Ho Chi Minh City.
Binh Duong is expected to become an important hub for Japanese enterprises in the near future, he added.
Director of the provincial Department of Planning and Investment Nguyen Thanh Truc said that Japan remains the second largest investor in Binh Duong, with a total of 249 projects worth US$ 5.2 billion. Investment from Japanese enterprises accounts for nearly 19% of the total FDI in the province, according to the provincial People’s Committee.
Japanese companies have invested in the Tokyu Binh Duong property project, with capital of US$1.2 billion, and Wonderful Saigon Electrics has received US$ 450 million in investment from the Sun-S group at the Vietnam – Singapore Industrial Park. Aeon Mall, a trade centre project, has received investment of US$ 95 million from Japan.
“The Japanese have continued to invest in Binh Duong, which is a positive sign, proving that Binh Duong remains attractive to foreign investors in general and Japanese investors in particular,” the local official said.
Also on October 25, the provincial authorities met with Japanese investors who have projects in the province to help them overcome any obstacles that they are facing.
This is the second time this year that the province has organised this kind of meeting with its Japanese investors.