Hanoi (VNA) – As of June 2018, Japanesebusinesses invested in nearly 240 projects with total registered capital ofover 4.2 billion USD in Dong Nai, ranking third among more than 40 countriesand territories pouring investment in the southern locality.

Many big groups from Japan include Ajinomoto,Forval, Sojitz, Kobelco, Daiwa and Fujitsu, are operating profitably in theprovince, according to the provincial Department of Planning and Investment.

[JETRO🤡: Japanese firms intend to expand business in Vietnam]

Most newly-licensedprojects have also quickly completed construction and become operational onschedule.

In early June, Japanese-invested Kyokuto VietnamCo., Ltd. put into operation a plant at Nhon Trach 3 industrial park,specializing in the production of circuit breakers, electronic components, andplastic products.

The plant was built on over 2.8 hectares with aninvestment of nearly 10 million USD. It has a design capacity of over 5,000tonnes of products per year for domestic sales and export to Japan, China,ASEAN, Europe and the US.

Earlier, Sanko Metal Vietnam – another companyinvested by Japan – injected some 2 million USD into the second phase of it plantmanufacturing sun louvers at Nhon Trach 3 industrial park. 

Apart from manufacturing projects, Japaneseretail, service and logistics enterprises have been actively studying the localinvestment attraction policies.

Aeon Group, a leading retail group in Japan, hasrecently proposed investment in building a supermarket on some 10 hectares atthe centre of Bien Hoa city.

The company said if it can get an investmentlicence this year, it will start construction immediately in order to open thesupermarket at the end of 2019.

Deputy head of the management board of Dong Naiindustrial parks Mai Van Nhon said most of Japanese-invested projects are inthe fields of local priorities.

After over three years of operation, Long Ducindustrial park which has its infrastructure built by a Japanese investor has fillednearly 80 percent of its land area with 42 projects worth over 920 million USD.

General Director of Long Duc Investment Co.,Ltd. Masahiko Kamata said the number of Japanese firms choosing Vietnam as aninvestment destination is increasing. They not only aim to manufacture productsfor exports but also to provide for the domestic market, he added.

According to the latest survey conducted by theJapanese External Trade Organisation (JETRO), up to 70 percent of Japanesebusinesses said they want to expand operations in Vietnam, a year-on-year riseof 10 percent.

The survey revealed that more than two-thirds ofthe 652 Japanese enterprises operating in Vietnam have expansion plans, mainlydue to the country’s rising revenue and high growth potential.

It also showed that 65.1 percent of Japanesecompanies recorded profits in Vietnam last year, while 19.4 percent reportedlosses.-VNA