Japan becomes top investor in Binh Duong province

Japan is currently the largest foreign investor among 64 countries and territories investing in the southern province of Binh Duong

According to the Provincial People’s Committee, the province has attracted 3,783 projects run by investors from 64 countries and territories with a total investment of US$34.77 billion, becoming the third largest locality in terms of foreign direct investment (FDI) attraction, after Ho Chi Minh City and Ha Noi.

Japanese investment in Binh Duong accounts for 16.2% of total FDI investment in the province.

Japanese investment is being poured into the areas of infrastructure, urban development, service trade, production of electronic components, automobile assembly and production, steel production and supporting industries.

Chairman of Binh Duong provincial People’s Committee Tran Thanh Liem  said positive contributions of Japanese enterprises to the socio-economic development of the province, emphasising that the province will continue to improve its investment environment, complete socio-economic infrastructure, promote administrative reforms, and expand industrial zones, and others, to serve investors.

By Hoang Ha