Japan ranks 3rd among investors in Dong Nai

09:09, 19/09/2018

(ĐN)- Japan is now ranked third among foreign investors in Dong Nai, with 245 projects worth US$4.3 billion.

 

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Koyu & Unitek, Vietnam's first company exporting chicken to Japan.

(ĐN)- Japan is now ranked third among foreign investors in Dong Nai, with 245 projects worth US$4.3 billion.

Most of the projects are in line with the province’s policy, which is attracting high-tech projects, support projects, and those that are friendly with the environment.

Japan’s investment projects have proved effective, greatly contributing to Dong Nai’s job generation, export and economic growth.

Deputy Director Nguyen Huu Nguyen of Dong Nai Department of Industry and Trade said most of Japanese-invested projects are in the fields of local priorities. He also noted that the Japanese business community in Dong Nai has contributed greatly to the province’s high and stable economic growth as well as its shift towards sustainable development.

After over three years of operation, Long Duc and Loteco industrial parks that have its infrastructure built by Japanese investors have filled nearly 100 percent of its land areas.

Chairman of the Japanese business association in Dong Nai Kadowaki Keiichi said the number of Japanese firms choosing the province as an investment destination is increasing; the provincial authorities have removed many obstacles faced by Japanese investors thanks to the dialogues held so far, thus promoting cooperation for development between the two nations and among their firms. He believed that Japanese direct investment in the province would continue to grow in coming time.

Many Japanese enterprises operating in Dong Nai have expansion plans, mainly due to the province’s rising revenue and high growth potential.

Dong Nai’s improving investment environment has made the province become an alluring destination for Japanese investors.

Lots of Japanese investors have recently said that they will choose Dong Nai as a destination for their investments within the next 1-3 years, especially in the fields of trade, services and infrastructure.

For Japanese businesses, the locality’s socio-politic stability, abundant and cost-effective labour force, tax incentives and the potential for economic development give Dong Nai a very competitive edge.

Not only being the leading investor in the province, Japan was the third largest export market of Dong Nai, according to Department of Industry and Trade.

The province’s exports to Japan reached nearly US$1.26 billion in the first eight months of this year, a rise of 15 percent year on year.

Recently, Koyu & Unitek Co., Ltd in Dong Nai has made its first shipment of Vietnamese chicken to a choosy market like Japan. It is now exporting more than 200 tons of chicken to Japan monthly.

Presently, nearly 1,000 enterprises in Dong Nai export their products to Japan and this number is increasing every year.

Electronics, electronic components, wood products, machineries, textiles and food were the main export items to Japan.

Reported by K.M