Binh Duong attracts Japanese enterprises
(VOV) - Japan leads the foreign capital flow in the southern province of Binh Duong, with 176 valid projects capitalised at US$3.1 billion.
Japanese investors contributed 18 percent of the total foreign direct investment (FDI) into Binh Duong province, mostly assigned to hi-tech and high value-adding industries, such as car manufacturing, food and beverage processing.
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Noteworthy is Becamex IDC Co which has invested US$1.2 billion in one project alone, the Binh Duong Tokyu urban area. The project is built on 71 hectare, comprising 7,500 apartments, villas, amusement parks, trade centres and offices for lease.
Aeon, the biggest retailer in Asia, has injected a further US$95 million into a project to build a big shopping centre that covers more than 6 hectares.
Meanwhile, Dai Nippon Printing has developed a US$35-million factory that produces laminate film and printing and packaging materials.
The Saigon Stec Co has spent US$175 million expanding its factory to produce electronic circuit boards for cameras.
Another Japanese enterprise, Wonderful Sai Gon Electrics, channeled US$150 million into its hi-tech factory to produce camera modules used in mobile phones.