Projects presented to Japan investors

A delegation from the central province of Binh Dinh introduced 21 projects needing investment during a visit to Japan last week.

Japanese investors targeted for these projects include Pacific Development, Elliott, Mitsui Sumitomo Finance & Leasing Bank, Sumitomo Corp, Tokyu Land, Mitsubitshi Estate Co, Recof Corporation, and Itochu Kenzai Corporation, according to the Binh Dinh Investment Promotion Centre.

Soon after the delegation arrived in Japan, Le Huu Loc, Chairman of the Binh Dinh People’s Committee, met with representatives of Vivace Kyoto and the Luen Thai Fishing Venture Ltd, major companies specialising in tuna fishing, processing and trading.

These meetings are expected to facilitate business co-operation between Binh Dinh Seafood JSC and the two Japanese companies.

Later, in meetings with Mitsui Sumitomo Finance & Leasing Bank and other Japanese firms, the Binh Dinh delegation presented many other projects, saying they welcomed not just foreign direct investment (FDI), but also BT (Build- Transfer) and PPP (Public-Private-Parnership) forms of investment.

Among the FDI projects were: the US$300 million, 287ha Nhon Ly – Cat Tien sea tourism zone; the $400 million, 800ha Thi Nai Lagoon Eco-Tourism Zone; the $300 – $400 million Nhon Hoi Sea Port; and the $37 million, 17km expressway linking Phu Cat Airport with the Nhon Hoi Economic Zone.


The delegation sought Official Development Assistance (ODA) or Build-Transfer funding for infrastructure development projects including the $400 million, 107km Quy Nhon – Tam Quan coastal highway.

Binh Dinh has invited funding for projects to build a hospital, a tuna trading centre and further infrastructure development in the province’s industrial parks.

The central province has approved major development projects this year. It has asked a Thai company to complete investment application procedures for a $28 billion oil refinery in the province.

In April, it granted a license to Russian company Buscentre Met to establish its subsidiary, Bus Industrial Centre. With an investment of $1 billion, the company’s factory in Binh Dinh’s Nhon Hoa Industrial Park will specialise in making buses, automobile components and farming machinery. — VNS