VietNamNet
Bridge – Anticipating the new wave of
Japanese investment in Vietnam, some Japanese infrastructure developers have
arrived in Vietnam to set up industrial zones for the upcoming Japanese
manufacturers.
Teaming up with domestic partners
Two
Japanese investors are moving ahead with their plan to kick off the second
stage of the Hiep Phuoc industrial zone project in Nha Be district in HCM City.
Mizuho
Bank and Chodai Group are working with the Hiep Phuoc Industrial Zone
Development Company on the plan to develop industrial zones for Japanese
investors in HCM City. The information about the cooperation has not been
revealed, because the involved parties are still under negotiations.
The
project has caught the special attention of the public, especially after the
HCM City Industrial Zone and Export Processing Zone Board of Management stated
that it was considering setting up a zone for supporting industries which would
prioritize attracting Japanese investors.
Hepza
has said that it would look for the Japanese partners who have financial
capabilities and experience in infrastructure development to team up with to
build the above said industrial zone.
In
Hanoi, Vietnamese N&G Group and Japanese Shimizu Corp recently have signed
an agreement on the cooperation to develop the first industrial zone in Hanoi
for supporting industries, which has the estimated investment capital of one
billion dollars.
Under
the agreement, Shimizu would team up with N&G to develop Nam Hanoi
industrial zone (HANSSIP) by expanding the Dai Xuyen industrial complex in Phu
Xuyen district.
Japanese
not only have been targeting Hanoi and HCM City, but also the neighboring
localities. Most Japanese investors cooperate with domestic partners to develop
the projects. They understand that the cooperation would ensure the quick
implementation of the projects, because the Vietnamese partners can find good
locations for industrial zones and have experience in compensating local
residents for site clearance.
The
Long Duc Investment Company Ltd, a joint venture of Japanese Sojitz
Corporation, Daiwa House Industry, Kobelco Eco-Solution and Vietnamese Donafood
organized a ground breaking ceremony, starting the construction of the Long Duc
Industrial Zone in Dong Nai province. The zone, which is designed to cover an
area of 282.8 hectares and has the total investment capital of 1083 billion
dong, is expected to inaugurate in August 2013.
Japanese
Jesco Holding has decided to contribute capital to the Hoa Binh Investment and
Infrastructure Construction Company, the developer of Long Hau 4 industrial
zone in Long An province.
Japanese would help attract Japanese
investors
Than
Trong Duc, Business and Marketing Director of Long Hau 4 said the joining of
Jesco would help attract Japanese investors which plan to come to Vietnam to
set up production bases.
Other
infrastructure developers have agreed with Duc that the joining of Japanese
investors in the projects on developing industrial zones would allow to develop
the zones satisfying the standards of Japanese manufacturers. Besides, they
would help attract Japanese investors thanks to the community support tradition
of Japanese people.
A
Japanese successful investor would lure more other Japanese investors.
Especially, Japanese manufacturers would feel better if they can set up
production bases on the production premises developed by their fellow-citizens.
That
explains why Japanese developed industrial zones have attracted many Japanese
investors, though they have just become operational. The Long Duc industrial
zone, for example, which just started the construction one month ago, has
successfully called for Japanese investors, who have registered to lease 60
hectares here. These include the project of Lixil group which plans to pour 441
million dollars to build a construction material factory.
Source:
TBKTSG
Business & Investment Opportunities
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