Binh Dinh still has a low land sublease price in indutrial parks, abundant labor resources, and is gradually high attention from Japanese businesses.
On July 7th, in Quy Nhon City, Binh Dinh Province, the People’s Committee organized an event “Meeting Binh Dinh – Japan 2023” and an investment promotion conference for Japanese businesses in order to continuously introduce the province’s potential, advantages, economic and social achievements, and key investment projects to Japanese investors and enterprises.
This event is a part of the celebration of 50 years of diplomatic relations between Vietnam – Japan in Binh Dinh province.
At this conference, in addition to the lists of calling investments in the whole province in the period of 2021 – 2025, Binh Dinh has also directly invited Japanese investors to invest in 24 projects. These projects encompass 4 projects in the fields of the social security group, 11 projects in the industrial sector, 4 projects in tourism, 3 projects in trade, services, logistics, and 2 projects in high–tech agriculture, forestry, and aquaculture.
According to Mr. Pham Anh Tuan, Chairman of the People’s Committee of Binh Dinh Province, Japan is an important partner. Binh Dinh Province has actively organized numerous delegations to promote investment in the Japanese market, leaving a positive impression on Japanese investors and enterprises.
Binh Dinh has also established and strengthened cooperative relationship with the japan-Vietnam Friendship Association in Sakai City, Izumizano city, and many other localities in Japan, especially Osaka province.
Currently, Binh Dinh province has attracted 19 projects (10 industrial projects, 7 service projects and 2 agricultural peojects) from Japanese investors and enterprises (accounting for 22% of the total of the total FDI projects in the province), with a total registered investment capital of 94.17 million USD.
Deputy Minister of Foreign Affairs Ha Kim Ngoc affirmed that investment projects by Japanese businesses have been and are operating effectively, contributing to job creation, and improving incomes for the people of Binh Dinh province.
“There is still a great potential for cooperation between Binh Dinh and Japan, especially in the areas of import–export, and processing of commodities in which Binh Dinh has strengths, such as shrimp, fruits, tuna, and industrial production”. Deputy Minister Ha Kim Ngoc said..
Mr. Yakabe Yoshinori, Consulate General of Japan in Da Nang,, believes that Vietnam continues to receive significant attention as an investment destination from Japanese businesses. The Central Vietnam region, including Binh Dinh Province, currently has a low land sublease price in industrial parks, abundant labor resources, and is gradually high attention from Japanese businesses as a new investment destination.