The south-central Vietnamese province of Binh Dinh is keen on adopting various measures to attract investment from Japanese companies, with existing Japanese-funded projects in the province making significant contributions to the local economic growth, said a top local official.

Japanese investors have implemented 19 projects in Binh Dinh up to now, contributing to the stability and development of the provincial economy, Ho Quoc Dung, secretary of the provincial Party Committee, told an investment promotion conference gathering Japanese firms on Friday in the provincial city of Quy Nhon.

“Through the conference, I hope that Japanese firms will continue to work out investment and business expansion plans in Binh Dinh, as well as offer support to local businesses.

“We’re willing to welcome and further improve the business climate for Japanese investors,” the provincial Party chief said.

The province has been working to perfect its transportation infrastructure system as well as the facilities in economic and industrial zones, said Pham Anh Tuan, chairman of the provincial administration.

It also attached great importance to efforts to streamline administrative procedures in terms of investment, construction, taxation, and customs to attract overseas investment, the chairman added.

Yakabe Yoshinori, Consul General of Japan in Da Nang City, located in central Vietnam, remarked that Binh Dinh has increasingly wooed investment from Japanese enterprises as the Vietnamese province has some competitive advantages such as relatively-low land rental prices offered by local industrial parks and sufficient manpower.

“Given these competitive edges, I believe Binh Dinh will emerge as a favorite investment destination for Japanese companies,” the Japanese diplomat said.​

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