Japan remains the largest foreign investor of southern Binh Duong province with more than 220 projects and foreign direct investment (FDI) disbursements of nearly US$5 billion.
Most Japan-invested projects are in the areas of high-tech, electronic outsourcing, medical equipment, high-quality food processing, infrastructure and urban areas.
Mai Hung Dung, Director of the Binh Duong provincial Department of Planning and Investment, said Japanese investors strictly complied with their commitments to quickly disburse FDI of projects which were licensed late last year.
Typical examples include Aeon Binh Duong trade, services and real estate project with FDI disbursements of US$95 million and Tokyu Binh Duong urban area with disbursements of US$1.2 billion.
The Aeon Calary Binh Duong Commercial Centre is in the final phase and is expected to enter operation early November 2014. It was constructed on an area of 6h at a cost of US$95 million. Once completed, it will generate stable jobs for more than 1,500 local workers.
Yasuo Nishitohge, Aeon Vietnam Director General, said the project is carried out smoothly in line with the group’s business and investment strategy.
The US$1.2 billion real estate project (Sora Gardens) was erected by Tokyu Group and Becamex Corporation on an area of 110 ha, and includes around 7,500 flats, houses, entertainment sites, trade viagra sans ordonnance and office buildings.
Sora Garden is expected for completion later this year. The important project in Binh Duong will help attract other foreign direct investment (FDI) from Japanese investors in the future.
According to the provincial People’s Committee, Binh Duong has attracted more than 2,300 FDI projects with a cumulative FDI of nearly US$19.8 billion.