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VietNamNews

Japanese investors eye Dong Nai Province

Update: July, 31/2012 - 10:05

HCM CITY — Many investors, particularly from Japan, are expressing keen interest in Dong Nai Province, according to the province's Department of Planning and Investment.

By July 20, total newly registered and additional FDI capital was US$986 million, an increase of 113 per cent compared to the same period last year.

At least 85 per cent of capital ($838 million) has been invested in the support industry.

Bo Ngoc Thu, director of the department, said many small- and medium-sized Japanese companies had invested in production of machinery and electronic parts.

Thu said the province's development orientation was to attract investment in the support industry and hi-tech to create a breakthrough in local industrial development.

Pham Nhat Hanh, head of business department at Long Duc Industrial Park in Dong Nai Province's Long Thanh District, said the industrial park had attracted three investors, Japan's Belmon, Lixil and Kobelco-Eco Dolution, and was negotiating with some other investors.

Lixil Viet Nam Co has implemented a project covering an area of 55 ha with total investment capital of $441 million. It mainly produces building materials such as aluminum windows and frames.

The project includes areas for producing auxiliary products in neighbouring provinces.

Kobelco-Eco Solution has a $3-million project to cover a one-ha site in the province's Long Duc Industrial Park.

It will manufacture glass-coating mechanical equipment used in chemical and pharmaceutical industries.

Construction will start in the third quarter and operation would begin in the second quarter of next year.

Its expected capacity is 400 tonnes of products annually.

Hanh said in order to create conditions for investors, especially for investors in the support industry, Long Duc Industrial Park has more than 10,000 sq.m of building factories for hire.

At Nhon Trach III Industrial Park, other investors such as Daiwa Light Alloy Industry Viet Nam have poured money into producing machinery parts from aluminum alloy and Toan Cau Mechanism Co specialises in producing metal – and plastic-made parts used for automobiles and motorbikes. — VNS

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