Binh Phuoc province draws Japanese investors’ interest
The southern province of Binh Phuoc is attracting attention from many Japanese businesses who want to make investment in Vietnam, according to the Japan External Trade Organisation (JETRO) Office in Ho Chi Minh City.
The working session between Binh Phuoc officials and representatives of JETRO's HCM City Office on September 4 (Photo: VNA)
Binh Phuoc (VNA) – The southern province of BinhPhuoc is attracting attention from many Japanese businesses who want to makeinvestment in Vietnam, according to the Japan External Trade Organisation(JETRO) Office in Ho Chi Minh City.
At a working session with local officials onSeptember 4, Hisai Shinji, a representative of the JETRO Office, said JETRO issurveying the investment climate in 22 southern provinces and cities ofVietnam, including Binh Phuoc.
Initial results show that with a favourablegeographical location in the southern key economic region, Binh Phuoc isemerging as a magnet for Japanese investors, he noted.
The JETRO representative added while investingin Vietnam, many Japanese companies pay attention to the local transportationsystem, power supply network and trained manpower.
Valuing Japanese projects in Binh Phuoc, ViceChairwoman of the provincial People’s Committee Huynh Thi Hang said the provinceis awaiting a new investment inflow since it is currently home to 13 industrialparks covering thousands of ha of land that are ready to serve investors.
It encourages Japanese enterprises to invest inagricultural product processing, hi-tech farming and supporting industries, shesaid.
To create the best possible investment climate,Binh Phuoc has been pushing ahead with administrative reforms, the officialnoted, elaborating that the time needed to license one project is being cutdown to just one day, and the online handling of administrative procedures willswiftly assist businesses if necessary.
Regarding issues Japanese firms are concernedabout, Director of the provincial Centre for Investment, Trade and Tourism PromotionVo Dang Khoa said Binh Phuoc is calling for investment to many fields,including those of their concern, which in turn will facilitate theimplementation of investment projects.
According to the Binh Phuoc Economic ZonesAuthority, the province is accommodating 242 foreign-invested projects,including 174 in industrial parks. The Republic of Korea and China are thebiggest investors while Japanese investment here remains modest.-VNA
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The working session between Binh Phuoc officials and representatives of JETRO's HCM City Office on September 4 (Photo: VNA) 
