Japanese investors eye southern province

Leader of the southern province of Dong Nai has pledged to create all favourable conditions for Japanese small- and medium-sized enterprises to invest in the locality.

The Chairman of the Dong Nai provincial People’s Committee, Dinh Quoc Thai, spoke highly of Japanese investors’ operations in the province during his reception for a delegation from the Japan International Cooperation Agency (JICA) on June 12.

Thai said that through JICA support, a US$35 million project to build an 18-ha workshop area for Japanese businesses in the Nhon Trach 3 industrial park will be implemented soon.

At the working session, the Dong Nai leader signed an agreement on conducting field work for the project.

Currently, the numbers of Japanese businesses showing interest and operating in Dong Nai have been increasing. In the first five months of this year, the province licensed 15 Japan-funded projects with a total registered capital of US$162 million, accounting for over 60 percent of the total investment in the locality in the period.

Japan is now one of the four leading foreign investors in Dong Nai, with 132 operational projects worth US$2.73 billion.

Among famous Japanese names operating in the province are Fujitsu, Olympus, Toshiba, Sanyo, Ajinomoto, Mabuchi, Sojitz, Kao, Shiseido, Ojitex, Muto, Hisamitsu, Belmond Manufacturing and Maspro Vietnam.