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Dong Nai seeks Japan investment
The southern province of Dong Nai will continue to review its policies and further improve the investment environment for foreign investors, the provincial authorities told a conference held in its Bien Hoa City late last week.
During the event promoting Japan's investment, particularly in hi-tech and agriculture sectors, chairman of the provincial People's Committee Dinh Quoc Thai said the province would build four new industrial zones, covering 1,880ha, from now to 2015, in an attempt to provide investors with sufficient land.
Dong Nai is currently home to 30 zones, spanning an area of 9,500ha in total, of which 12 have experienced full occupancy.
In addition, the province was building the 500-ha Long Thanh hi-tech industrial zone, the 2,200-ha Dofico industrial and agricultural complex, and the 209-ha Dong Nai biotechnology application centre, he said.
Representatives from the Japanese Business Associations in HCM City and Dong Nai Province spoke highly of the provincial authorities' efforts in creating a transparent investment environment for foreign investors.
However, the province's inadequate electricity supply and the current upgrade of a number of key roads have affected the pace of the projects, they said.
Japan is now one the province's leading sources of foreign investment. To date, Japanese investors have pumped US$1.9 billion into 100 projects in the province, creating 40,500 local jobs.
Dong Nai is also using Japan's ODA capital to implement the HCM City-Long Thanh-Dau Giay highway project and the first phase of the Nhon Trach water supply system with a daily capacity of 100,000 cubic metres.
During the forum of 160 Japanese enterprises, the provinial People's Committee granted certificates of merit to 10 Japanse businesses in recognition of their contributions to the province.
vietnamnews
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