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Binh Duong eyes Japanese investment
The southern province of Binh Duong hopes to attract Japanese businesses. At a recent meeting between local officials and the Japanese Business Association of HCM City, the chairman of the province People's Committee, Le Thanh Cung, hailed the contribution of Japanese firms to the Binh Duong province's development and encouraged further investment.
Tran Van Lieu, Director of the Binh Duong Industrial Park Authority, speaking at the inaugural ceremony of a Japanese garment enterprise yesterday, said despite the difficult economic situation, the province's industrial parks operated well and achieved satisfactory growth in the past six months.
The province has become a popular destination with foreign investors, especially Japanese, due to its good infrastructure, administrative reforms, and availability of human resources, he said.
Kawase Toshihiko, Director of Toyotsu Vehitecs Viet Nam Limited Company, the new garment company that opened in the My Phuoc 3 Industrial Park, said they decided to build the factory there to escape the high competitiveness in HCM City. The factory has recruited more than 200 workers. "We opened a representative office in Viet Nam in 1999. We decided to build the factory after carefully studying investment opportunities in several provinces and cities. Finally we chose Binh Duong. Workers here are hard-working."
There has been a growth in Japanese investment in Binh Duong recently. Of 587 foreign projects there, more than 150 are Japanese who have invested US$1.4 billion.
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