Mr Biren Arora, General Director of Jotun Paints Vietnam We are established in Binh Duong Industrial Zone and this has some advantages. First, in a zone all industries are gathered together away from city limits and normal residential areas. Infrastructure facilities such as roads, power and facilities for waste water treatment are prepared by authorities to assist the industries. The authorities also help us comply with policies and regulations, and assist us in administrative tasks, such as processing and applying for import quotas on our behalf. Finally they give industries incentives such as a lower Corporate Income Tax rate, 15 per cent as compared to 28 per cent if we were not established in the Industrial Zone.
Mr A.JoZef. Szvoboda, Chief Executive and General Director of Farbax Vietnam
We chose Binh Duong as the location to build our factory as the Vietnam-Singapore industrial park has infrastructure facilities suitable with our needs.
In my opinion, administrative procedures and services in Binh Duong are good for new investors. Local State agencies such as customs and tax officials have made great efforts to simplify procedures for investors. Also, we are satisfied with the banking, security, and food services.
However, the shortage of skilled workers with good foreign language ability is a difficulty which may be shared by many other provinces and cities. After around one year’s operation in Binh Duong, we are confident that investment here was the right decision for us.
Mr Cao Van Hai, deputy General Director of Dutch Lady Vietnam
Dutch Lady Vietnam was one of the early investors operating in Binh Duong province. From then on, we have made great efforts to provide high quality nutritious products to customers.
Also, we have been actively involved in community activities, creating a healthy life for Vietnamese people. We hope to increase our market share in the coming year, when our second factory in Ha Nam, construction on which started in December 2006, becomes operational.
Binh Duong is a high potential province with a remarkable economic growth rate. Local authorities have made efforts to create favourable conditions for enterprises.
Mr Norio Sugahara, General Director of Maruei Vietnam
The government of southern Binh Duong Province is rolling out the red carpet to welcome investors from far and wide to do business in the locality, offering policies attracting many world-famous investors including Japanese companies. Particularly companies engaged in auto parts, electronic refrigeration, electric and component production have invested large sums of money and brought in new vitality to the Vietnamese industrial sector, especially in tool and precision equipment production.
In September 2001, Maruei Vietnam was officially licensed to do business in Binh Duong province with registered functions of manufacturing components for refrigerators, safety belts and auto engines. Maruei Vietnam is the fifth production facility out of six offices and factories of Maruei Group in the world. With the business philosophy of “the best price and the best quality in the world,” Maruei Vietnam is always improving its capacity, to become a leading parts supplier for top Japanese carmakers like Toyota.
The company’s labour force constituted only 74 staff in 2002, but jumped to 720 staff by 2006, adding 200 more workers in 2007. The expanding workforce aims to meet higher customer demand.
Maruei Vietnam has applied ISO standards to manage and supervise production and environmental conditions. Mr Norio Sugahara, General Director of Maruei Vietnam said, “In the midst of the international competition and cooperation environment, we retain customers’ trust by the quality of the products supplied. And, we also attach special importance to maintaining the high international standard of quality in order to satisfy customers.” The company also applies clear commendation policies to stimulate worker innovation and devotion, as well as establish strict working discipline for Vietnamese workers. In 2006, company revenues were 2.6 times higher than in 2002.
Mr Norio Sugahara expressed satisfaction five years after his company invested in Binh Duong Province. He said his company built a new factory in Vietnam Singapore Industrial Park (VSIP) by late February 2007.
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