Japan's Sojitz Group has begun construction work on a 27-ha project in an industrial zone (IZ) near Ho Chi Minh City.
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Japan’s Sojitz Group has begun construction work on a 27-ha project in an industrial zone (IZ) near Ho Chi Minh City.
The Group’s Asia-Pacific Director General, Hideaki Kato, revealed the company plans to develop an additional three or four IZs in Vietnam.
Many Japanese small-and-medium-sized businesses are keen on Vietnam’s high technology industry, Kato said, adding that Sojitz has so far invested in more than twenty plants in all three regions of Vietnam, with a focus on food processing and infrastructure for IZs.
Sojitz got involved in a project to build Long Duc IZ in southern Dong Nai province which has attracted a large number of Japanese investors since it entered operations last September.
Among its big investors were Lixil (US$441 million) and Temura (US$98 million).
As well as ongoing projects, Sojitz is taking into consideration other fields, such as energy and paper production.
Deputy Minister of Planning and Investment Nguyen Chi Dung commended Sojitz’s investment in Vietnam and encouraged the group to pour investment into the establishment of special IZs for Japanese firms in northern and central regions.
