Binh Dinh hopes to attract more Japanese investors.

On the afternoon of July 7th, the People's Committee of Binh Dinh province organized a conference to promote investment by Japanese businesses in Binh Dinh. This activity is part of the "Binh Dinh - Japan Meeting 2023" event with the theme "Binh Dinh - A meeting place, convergence and development hub for Japanese investors".

Mr. Ho Quoc Dung, Secretary of the Binh Dinh Provincial Party Committee, said that since 2013, the province has implemented cooperation in many fields with several localities in Japan. Every year, the two sides regularly organize many delegations and working trips to enhance the effectiveness of cooperation in various fields.

There are 19 projects by Japanese investors and businesses currently being implemented in Binh Dinh province with a total registered investment capital of over 97 million USD, accounting for 22% of the province's total FDI projects.

Mr. Ho Quoc Dung, Secretary of the Provincial Party Committee: Binh Dinh wishes to further strengthen cooperation with Japanese businesses and localities. Photo: Diem Phuc.

Exports of products and goods manufactured in Binh Dinh to the Japanese market are increasing. Investment projects and support programs from Japanese organizations, businesses, and localities have been operating effectively, contributing to job creation and increased income for workers in Binh Dinh.

Mr. Dung said that Binh Dinh wishes to further strengthen cooperation with Japanese businesses and localities, especially in areas where Japan has strengths.

The province needs investment in the following sectors: manufacturing, information technology, artificial intelligence, high-tech agriculture , environment, automation, logistics, seaports, healthcare, education, and labor.

Binh Dinh is committed to providing maximum support to foreign investors, businesses, and partners in general, and Japanese investors in particular, to find unique, successful, and sustainable investment opportunities in the locality. The province is always ready and creating the best conditions to welcome Japanese investors to explore and cooperate in investment, Mr. Dung said.

According to Mr. Ha Kim Ngoc, Deputy Minister of Foreign Affairs , Japan is Vietnam's leading economic partner, ranking number one in ODA, second in labor, third in investment and tourism, and fourth in trade.

As of the end of March 2023, the total direct investment from Japan into Vietnam reached US$69.39 billion with over 5,000 projects.

However, according to Mr. Ha Kim Ngoc, Japanese investment in Binh Dinh is still modest, with nearly 20 projects and a total registered investment capital of approximately 100 million USD, which is not commensurate with Binh Dinh's potential.

“There is still great potential for cooperation between Binh Dinh and Japan, especially in the import-export and processing of products in which Binh Dinh has strengths such as shrimp, fruits, ocean tuna, and industrial production. I believe that, with a long-term strategic vision and keen insight, Japanese investors and businesses will choose Binh Dinh as their destination,” said Mr. Ha Kim Ngoc.

Diem Phuc

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