Japanese enterprises place their trust in Long An investment environment

Building and developing a good relationship

Vietnam and Japan have built a good relationship on the basis of close friendship, political trust, cooperation and economic support, trade and cultural exchanges between the two nations. After nearly 50 years since Vietnam and Japan established diplomatic relations in 1973, the exchange activities between the two countries have been expanded and deepened. On that basis, the government and people of Long An are building and developing cooperative relationships with Japanese localities in many fields, especially in bilateral economic cooperation.

At a meeting with Japanese enterprises, Secretary of Provincial Party Committee, Chairman of Provincial People's Council - Nguyen Van Duoc affirmed that when it comes to Japanese enterprises, the whole world evaluates and shares the same statement "serious", in thinking, action and attitude. The provincial government appreciates to be choosen by Japanese investors to implement the investment project, expand business activities.

Japanese investors have a shift in investment direction, choosing small projects and service areas to deploy and implement in Long An.

Currently, in the province, there are 142 projects from Japanese enterprises operating with an investment capital of about 892 million USD. These projects are mainly concentrated in the key industrial development districts of the province such as Duc Hoa, Ben Luc, Can Giuoc and Tan An city.

In the province, Japanese enterprises mainly operate in the fields of artificial wood boards, wood products, mechanical engineering - machine, electronic components manufacturing - assembling, mechanical processing, agro-fishery processing, garment, animal feed, food processing, etc. In which, a number of projects have large investment capital such as Vina Eco Board, Anpha-AG, Nippon Golden Pig, Ben Luc Water Supply Company, 3-2 Pharmaceutical Company, etc. In particular, recently, provincial leaders have organize delegations to Japan to promote and invite investment.

Placing all the trust

Department of Planning and Investment informed that, currently, Japanese investors is having a shift in investment direction, choosing small projects and service areas to deploy and implement in Long An. However, the existing Japanese FDI projects in Long An are constantly expanding their scale and increasing investment capital, which shows that Japanese enterprises still place their trust in the investment environment of the province. Projects of Japanese enterprises make important contributions to the local socio-economic development.

Long Hau Industrial Park (Can Giuoc District) is one of the very few Industrial Parks achieved ISO 14001:2015 certificate on environmental management, developing green space, creating green urban beauty. This is the reasons many Japanese businesses choosingthiss place as a destination for investment and business development.

Currently, Long Hau Industrial Park attracts 191 enterprises to invest, 50% of which are domestic enterprises and the rest are from many other countries and territories. In which, there are about 40 Japanese enterprises investing with a total investment capital of 2,593 billion VND, operating mainly in the fields of mechanics, electronics, food, pharmaceuticals, consumer goods and warehousing. The leading Japanese projects in Long Hau Industrial Park are Tazmo Vietnam, Takazono Vietnam, Katsura Vietnam, Anpha-AG, etc.

According to Sales and Marketing Director of Long Hau Joint Stock Company - Bui Le Anh Hieu, in order to attract Japanese enterprises, in addition to industrial land for rent, the company focuses on providing ready-built factory for rent with various facilities. This helps enterprises have a production plan with the lowest initial investment cost. When production is stable, enterprises can consider expanding production scale.

Kyouwa Vietnam One Member Co. Ltd. is an enterprise with 100% investment capital from the Japanese company Kyouwa with over 50 years of experience in the field of manufacturing. Kyouwa Vietnam started its business in 2012 in Long Hau Industrial Park, starting producing components and accessories applying high-quality welding techniques from Japan. From renting a factory with a small area of 500m², after a period of efficient and stable operation, Kyouwa Vietnam have expanded its scale with 3 factories in a total area of 1,500m². At the end of 2022, Kyouwa Vietnam officially launched its own factory project in Long Hau 3 Industrial Park, with a scale of over 5,000m². This is a model that many Japanese enterprises have been successfully implementing in Long Hau Industrial Park.

Tazmo Vietnam Co., Ltd. specializes in designing and manufacturing industrial machines and robots in Long Hau Industrial Park. In 2013, the company invested with a scale of only 4,000m², 50 employees. Up to now, the company has increased the investment scale with an area of 18,000m² and total staff of 500 people. 100% of their products are exported.

General Director of Tazmo Vietnam Co. Ltd - FuKua Kazuhisa affirmed: “Long An is a place with good investment environment and infrastructure. The provincial leaders are friendly, and always accompanies my enterprise. Our investment decision in Long Hau Industrial Park in particular and Long An province in general was correct. We have gradually grown from scale to sales since 2013”./.

By Thanh Tung - Translated by Q. Thien

Source: https://baolongan.vn/doanh-nghiep-nhat-ban-dat-niem-tin-vao-moi-truong-dau-tu-tai-long-an-a159927.html