Published On: Fri, Jul 29th, 2011

Japan promotes investment in Dong Nai province

Hundred of Japanese businesses seeking investment opportunities in Vietnam gathered at a seminar on promoting Japanese investment in Dong Nai province in Bien Hoa City on July 29.

The seminar, organised by the Ministry of Planning and Investment, the Dong Nai provincial People’s Committee and the Japan External Trade Organisation (JETRO), aims to discuss measures to improve investment procedures and to call upon more Japanese businesses to invest in Vietnam, especially in Dong Nai province.

Dinh Quoc Thai, Chairman of the Dong Nai provincial People’s Committee, said the province will develop 34 industrial zones (IZs) with a combined total area of 11,380 hectares by 2015. Currently, 30 IZs have been granted investment licences with an area of more than 9,500 hectares, 61 percent of the land has already been rented.

The province is focusing on high-tech agricultural and industrial development. It has already built the Long Thanh high-tech park with an area of 500 hectares, the DOFICO agricultural and industrial complex with an area of nearly 2,200 hectares and Dong Nai biotechnology application centre with an area 209 hectares.

Around 13,000 domestic businesses and nearly 1,000 foreign businesses are currently operating in the province. Dong Nai attracted more than US$19.4 billion worth of foreign direct investment capital from businesses from 35 countries and territories.

Japan ranks third among foreign investors in Dong Nai with 100 projects totaling US$1.9 billion.

Dong Nai is using Japanese ODA to implement projects, such as the Ho Chi Minh-Long Thanh-Dau Giay Freeway, and the first phase of the Nhon Trach water supply system.

On the occasion, the Dong Nai provincial People’s Committee granted an investment license to a Japanese business, and presented certificates of merit to 10 Japanese businesses which made significant contributions to provincial development. – VOV

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