Japanese businesses invest more than US$5.2 billion in Binh Duong
VOV.VN - The news was announced by Nguyen Thanh Truc, director of the Binh Duong provincial Department of Planning and Investment at a meeting between the provincial leaders and Japanese businesses on the morning of October 25.
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Mr. Truc said Japan ranks second among countries with the highest capital level of foreign direct investment (FDI) in Vietnam, with 3,523 projects capitalized at US$46.1 billion. Japan is the second biggest investor in Binh Duong, pouring more than US$5.2 billion into 249 projects, accounting for 18.7% of total FDI capital in the province.
Companies from Japan have financed many big projects in the province, such as Tokyu Binh Duong urban area (US$1.2 billion), and a project to manufacture electronic equipment by Wonderful Saigon Electrics (US$450 million).Kawaue Junichi, Japanese Consul General to HCM City, said Binh Duong is one of the Vietnamese localities attracting a large amount of Japanese finance, giving good signals for the province's foreign investment attraction.
Japanese investments are primarily focused on infrastructure construction.
According to Binh Duong People’s Committee, the province granted investment licences to 3,009 FDI projects from 62 countries and territories around the world, with a total registered capital of US$27.93 billion.
At present, Binh Duong is second only to HCM City in FDI attraction and makes up 9.4% of the country’s total FDI capital.
