Japanese investors eye Dong Nai province

By July 20, total newly registered and additional FDI capital was US$986 million (Bt31 billion), 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 high-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 hectares 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.