Ba Ria –Vung Tau (VNA) – The southern province of Ba Ria – Vung Tau is workingto draw more investment from Japan as it defined the country as one of its futurestrategic investors, said the provincial Department of Planning and Investment.

Japaninvestors have so far invested 2.6 billion USD in 33 projects in the province, makingtheir country rank fifth among countries and territories investing in thelocality.

Withproductive operations, Japanese firms have generated jobs for more than 3,700 localpeople. In 2018 alone, they contributed 37 million USD to the State budget.

Among theJapanese-invested projects, 28 are in industrial parks, notably in Phu My 3specialised industrial park.

Nguyen AnhTriet, head of the management board of industrial parks, said Japanese projectscontributed to creating a modern and eco-friendly industry, especially those byNippon, Asahi, Mitsubishi, Daichi, Sojitz, Sumitomo, Marubeni, Nitori, amongothers.

Secretary ofthe provincial Party Committee Nguyen Hong Linh said in the past five years,the province formed a group of experts to access Japanese investors and heldannual working trips to Japan to introduce promising projects.

The provinceadvocates luring capital into the support industry, seeking major investorsthat use modern and eco-friendly technology, investing in fields of strengthsuch as logistics, manufacturing and processing, electricity – electronics,plastics, chemicals and petrochemicals, he said.

To that end,Ba Ria – Vung Tau will step up site clearance and upgrade infrastructure inindustrial parks, he added.

Ba Ria-Vung Tau is home to 194 FDI projects.-VNA