Long An Making Efforts to Attract Japanese Investors

5:17:07 PM | 23/6/2014

Endowed with unparalleled advantages in the Mekong Delta, Long An province is considered a promised land for domestic and foreign investors, including Japanese. Currently, more and more Japanese companies are exploring and investing in Long An because of its increasingly attractive investment environment.
In recent years, Long An province has actively approached and learned about Japanese investors and introduced investment opportunities to them. The province has applied a lot of innovative mechanisms and policies for investors to tap local advantages, especially Japanese investors. Presently, Japan ranks third in investment capital in Long An (after Taiwan and South Korea) with over 75 projects with a total registered capital of over US$300 million. Japanese investors have generated a lot of jobs for local workers. Long An defines Japan as a strategic partner in the present and in the future. More Japanese investors have come to Long An province to explore investment opportunities.
Japan’s increasing investment into Vietnam in general and Long An province in particular is a result of its accelerating reconstruction at the back of earthquake and tsunami disasters. Besides, Japanese investors tend to relocate production facilities from China to Vietnam. In addition to investment environment, Long An province has a lot of favourable conditions and advantages to attract and meet specific requirements of Japanese investors.
Currently, Long An province has 16 industrial zones in operation with a lot of land available for rent to Japanese firms. In industrial parks, infrastructure systems, power grids, water systems and transportation systems are well built. Japanese teaching for industrial workers is also provided.
The investment environment in Long An province is increasingly improved, investment promotion activities are more effective, and infrastructure developers have appropriate policies to draw investors. The province is attracting more Japanese investors because Japanese companies currently operating here are effective and because the province has good investment attraction policies.
Defining Japan as a strategic partner, in its FDI attraction direction, Long An is targeting Japanese small and medium businesses specialised in supporting industries, tourism, service and commercial infrastructure development. To enhance investment efficiency, the province will continue to exploit experience and advice from the Japan External Trade Organisation (JETRO) to better serve Japanese investors. As infrastructure is also a top concern of Japanese investors, Long An province is completing infrastructure systems, particularly traffic infrastructure. Having a complete, modern and uniform infrastructure system, the Long An investment environment will catch the interest of Japanese investors.
Minh Tuan