Dong Nai inks cooperative agreement with Japanese region

Southern Dong Nai province and the Bureau of Economy, Trade and Industry of Japan’s Kansai region signed an economic cooperation framework agreement on May 20, with a focus on links in support industry.

Leaders of Dong Nai and Japan's Kansai region sign an economic cooperation framework.
Leaders of Dong Nai and Japan's Kansai region sign an economic cooperation framework.

Under the document, the two sides agreed to create favourable conditions for Kansai enterprises operating in support industry to invest in Dong Nai, while working together in training human resources for the sector.

Dong Nai will increase the work of its Kansai Desk to assist investors from the Japanese region in operating and seeking opportunities in the province.

Speaking at the signing ceremony, Director of the Bureau Soichiro Seki said that an increasing number of Japanese firms decided to invest into Dong Nai due to the locality’s favourable investment environment.

He noted that the Long Duc Industrial Park (IP) in Long Thanh district is being developed into a model IP for the partnership between Dong Nai and Kansai region. The IP is currently home to 18 Japanese investors, including eight from Kansai.

The Japanese business leader said he hopes the provincial authorities will continue facilitating investment activities of Kansai firms in Dong Nai in the coming time.

According to Chairman of the provincial People’s Committee Dinh Quoc Thai, the locality attracted over 1,000 foreign investors, including 190 from Japan with a total investment of US$3.4 billion, mainly in support industry, high-technology and environmentally-friendly sectors.