The projects came from Japan, Thailand, Singapore, Taiwan (China), the Republic of Korea, the US, Samoa, the Cayman Islands and domestically-based, from Vietnam.

Among the 14 projects in the south east province, eight are new investments with a total capital of nearly US$278 million. Seven are foreign direct investment (FDI) projects worth nearly US$243 million, and one is that domestic investment worth approximately US$35 million.

Of these new investments, the Mapletree Logistics Park Tam An 1 project, by Saffron Logistics Asset Holdings PTE. LTD from Singapore, has the highest capital of over US$101 million.

The logistics park will be built in the Tam An Industrial Cluster in Tam An Commune, Long Thanh District. It specialises in leasing workshops, warehouses and providing storage for goods.

The remaining six projects are existing ones that have decided to increase their capital, with the total increased capital of US$460 million. Five are FDI projects worth around US$440 million, and one is domestic investment worth US$20 million.

Of these six projects, the SMC Manufacturing Vietnam Co Ltd from Japan increased their capital the most, at US$330 million, bringing their total investment in Vietnam to nearly US$1 billion so far.

The company is located at Long Duc Industrial Zone, Long Thanh District, specialising in manufacturing and assembling automatic control devices.

Desk established in Dong Nai to support Japanese investors

Dong Nai province, an industrial hub in the southern region, has set up the Japan Desk at the headquarters of the Dong Nai Industrial Zones Authority to assist Japanese investors operating here.