Japanese investors pour another US$166 mil into HCM City
(VOV) - The HCM City’s People’s Committee granted investment licenses to a number of new Japanese projects worth US$166 million in the city’s industrial parks (IPs), and export and processing zones (EPZs) on September 10.
They include one project from Unika Group in Hiep Phuoc IP for small and medium-sized (SMEs) and two other projects from Sai Gon Precision Co,Ltd in Linh Trung 2 EPZ and Nidec Tosok Akiba Vietnam in Tan Thuan EPZ.
Mayor Le Hoang Quan highlighted Sai Gon Precision Co, Ltd and Nidec Tosok Akiba Vietnam’s contribution to Vietnam’s investment in hi-tech application. In addition, the formulation of a project to build a Vietnam-Japan Industrial Area in Hiep Phuoc Industrial Park has marks an important step toward attracting more Japanese hi-tech investors in the near future.
At present, more than 100 Japanese businesses are operating in HCM City with a total capitalization of US$1.270 billion, mostly in the fields of mechanics, electricity and electronics.