Japan ranks second in foreign investment in Binh Duong

Wednesday, 2017-02-22 04:09:53
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The meeting between Binh Duong Vice Chairman Tran Thanh Liem and a Japanese business delegation
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NDO/VNA - As many as 246 projects worth US$5.19 billion in investments made by Japanese firms are operating in the southern province of Binh Duong, accounting for nearly 20% of foreign direct investment (FDI) poured into the province so far.

The information was announced by Vice Chairman of the provincial People’s Committee Tran Thanh Liem during his reception on February 21 for a delegation of businesspeople from Japan’s Shizuoka prefecture, which visited Binh Duong to seek investment opportunities.

According to Liem, Japan ranks second and third in total foreign investment and the number of projects in Binh Duong, respectively.

Binh Duong has attracted 2,878 foreign-invested projects from 59 countries and territories worldwide, with a total investment of over US$26.737 billion, becoming one of the five leading localities in FDI attraction throughout the nation, he said.

The province is home to 28 industrial parks (IP) and ten industrial clusters with a total area of 10,560 ha. The occupancy rate of IPs reached about 70%.

Under a master plan approved by the Prime Minister, the locality will have 33 IPs covering an area of 14,790 ha by 2020, Liem said, adding that the province has been building a plan to develop hi-tech IPs, commercial and service centres, and new urban areas.

Representatives from the delegation spoke highly of efforts made by the local authorities to draw investment, and Binh Duong’s modern technical infrastructure facilities, which help the locality to attract more and more investment projects.

Japanese guests said they will pay more attention to seeking investment opportunities in the province over the coming time.