Japan’s big investment proves Binh Duong’s attractiveness: Consul General

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 along with 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 said, noting that Japan is also investing in many infrastructure and transportation projects in HCM City.

Binh Duong is expected to become an important hub for Japanese enterprises in the coming time, he added.

Mr. Truc said Japan remains the second biggest investor in Binh Duong with a total of 249 projects worth 5.2 billion USD. Investment from Japanese enterprises accounts for nearly 19 percent of total FDI here, according to the provincial People’s Committee.

Japanese companies have invested in the Tokyu Binh Duong property project with capital of 1.2 billion USD, and Wonderful Saigon Electrics has received 450 million USD investment from the Sun-S group at the Vietnam – Singapore Industrial Park. Aeon Mall, a trade centre project, has received investment of 95 million USD 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 obstacles they are facing.

This is the second time this year that the province has organised this kind of meeting with Japanese investors.