Dong Nai attracts FDI worth $4b from Japan

Monday, Jun 15, 2015 16:48

Key areas that Japanese businesses have invested in Dong Nai include electronics and support industry. — Photo

DONG NAI (Biz Hub) — Japan currently has around 200 enterprises investing in the southern province of Dong Nai, with a total investment capital of nearly US$4 billion.

This was revealed on June 12 during a working visit between Dong Nai authorities and Chairman of the Association of Japanese Businesses in HCM City Sakagami Tsutomu, accompanied by the representatives of eight Japanese businesses who visited the province to learn about its investment environment.

Vice Chairman of the provincial People's Committee Nguyen Phuc Cuong said Dong Nai always created conditions for Japanese businesses to operate effectively.

The key areas that Japanese businesses have invested in include agriculture, industry, electronics, and support industry, he said.

Apart from drawing investors in the field of industry, Dong Nai has also prioritised investments in hi-tech agriculture, tourism, and real estate, he noted, adding that Dong Nai has been engaged in developing infrastructures and road traffic at industrial zones to attract more investors.

According to Sakagami Tsutomu, the HCM City-based Association of Japanese Businesses has nearly 700 members who have invested in many southern localities, including 80 in Dong Nai. Most of the Japanese businesses in Dong Nai have been operating effectively, he remarked.

Dong Nai has welcomed many investors from Japan to explore and exploit investment opportunities in the province in recent months. For example, a group of businesses headed by the Vice Chairman of the Chamber of Commerce and Industry of Nagoya City, Hiroyasu Naito, who doubles as President of the Rinnai Group, visited the province to learn about its investment related policies on June 3.

There are nearly 1,500 foreign-invested businesses in Dong Nai, with a total registered capital of more than US$27 billion. — VNS

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