The investor's impression stems from Binh Duong's "land of cherry blossoms"

DNHN - Japan is consistently identified as a strategic investment partner by Binh Duong. Therefore, the province has implemented numerous proactive measures to promote cooperation and attract Japanese investment.

Businesses and investors from the "land of cherry blossoms" acknowledge and value the province of Binh Duong's efforts more and more.

As a province located in the Southern Key Economic Region, Binh Duong has invested heavily in the development of modern and synchronized technical infrastructure, the construction of a comprehensive intra-regional and inter-regional transportation system, the creation of conditions for industrial development, and the planning for the construction of new urban areas.

Utilizing the aforementioned advantages and promoting internal and external resources, the socioeconomic situation of the province has improved in recent years, despite many difficulties and challenges caused by the COVID-19 epidemic. Still, Binh Duong accomplished encouraging results and had numerous bright spots. In the first six months of 2023, the socioeconomic situation of the province continues to improve in the following areas: Industrial production index is estimated to increase by 2.7% compared to the previous month; estimated to increase by 2.1% during the same period; the country's export turnover reached 15.1 billion US dollars; import turnover is estimated to reach 10.7 billion US dollars.

Japan ranks second among the 65 countries and territories that are currently investing in Binh Duong, with a total investment capital of nearly 6 billion USD, representing 15% of the total investment capital in the province. Most Japanese FDI projects in Binh Duong mainly focus on the fields of electronic component manufacturing, electronic circuits and chips, automobile assembly, iron and steel, and supporting industries. In recent years, Binh Duong has also attracted investors in the urban, commercial, and service sectors, with numerous large-scale projects, due to the city's attractiveness as a dynamically developing area with a synchronized and modern infrastructure system and outstanding results in smart city construction. Typically, the strategic partnership between VNTT Company, a member of Becamex IDC, and NTT Data, a member of the NTT East Group, with smart city and smart industrial park application solutions aids in the Smart factory transformation of businesses. Similar to the Tokyu Urban Area project of Becamex Tokyu Company with a total registered investment capital of USD 1.2 billion in the new urban area of Binh Duong new city, with projects that have completed construction investment and significantly altered the physical appearance of the Binh Duong urban area. In general, Japanese businesses in Binh Duong are enhancing their operational efficiency and receiving the best support and most favorable conditions from all levels of the Binh Duong provincial government.

Specifically, industrial production fields support the machinery, electronics, and processing industries... The Japanese business community in Vietnam has more than 1,800 members at present. With over 140 members, the Japanese business group in Binh Duong is the largest among them.

Binh Duong, in addition to promoting socioeconomic development, actively expands bilateral cooperation with Japanese municipalities. Specifically, since establishing friendly cooperative relations in 2014, the provinces of Binh Duong and Yamaguchi have actively implemented exchange activities, strengthened friendly relations, and expanded economic and promotional cooperation. promoting trade and investment in the education-training and culture sectors... Since the beginning of cooperation between the two provinces, Binh Duong has attracted an increasing number of Japanese investors. Copy.

Binh Duong province recently established a high-level working group to deploy investment promotion activities in Yamaguchi province and Ishikawa province, connecting investment with the Japan International Cooperation Agency (JICA); investment connection with Tokyu Group; NTT East Group...and Japanese companies in the fields of trade, investment cooperation, ODA aid, and other economic cooperation.

Mr. Nguyen Van Loi, Member of the Party Central Committee, Secretary of the Provincial Party Committee, and Head of the National Assembly delegation of Binh Duong province, stated, "Binh Duong province always recognizes and appreciates the positive contributions of representative agencies." Additionally, it contributes to the improvement of the investment climate and the enhancement of Vietnam's competitiveness. We anticipate receiving continued support and cooperation from Japanese partners. We, for our part, commit to always accompanying businesses and being willing to create the most favorable conditions for the production and business activities of foreign investors, particularly Vietnamese investors. Asia, or Japan. The province of Binh Duong is always eager to welcome investors, particularly Japanese investors. Japanese businesses should come to Binh Duong to achieve success alongside us."

In recent years, Japanese influence has been evident in Binh Duong's industrial, urban, commercial, and service development projects and works, as well as in its cultural and artistic exchange activities. Vietnam - Japan culture, and social responsibility activities infused with affection between the two nations and peoples. These are crucial conditions for Binh Duong and its Japanese partners to continue developing economic cooperation programs, investment, education, science and technology, health, cultural and sports exchanges, and growth. Create intelligent cities in the future.

Hoang Thu