Japanese, Korean corporation to launch big projects

April 29, 2014 | 09:33

(0) user say

Sojitz Corporation, a large Japanese business, intends to open three to four industrial parks (IPs) in Viet Nam, confirmed President & CEO for Asia & Oceania Managing Director Hideaki Kato.

Illustration photo

We are interested in the tendency of Japanese high-tech small and medium-sized businesses moving their investment in Viet Nam, he said, adding that the company will provide the best services for them.

Currently, Sojitz has poured its investment in 20 factories in Viet Nam in all fields.

On the IPs’ infrastructure, Sojitz has contributed 57% of the capital to the building of Long Duc Industrial Park in Dong Nai Province. The IP has come into operation in September 2013 and attracted a huge capital from Japanese firms.

In addition, the corporation invested in Long Binh Industrial Park, which has attracted US$468.8 million after 10 years of operation. Another IP is under construction at the suburb of Ho Chi Minh City on the area of 27 ha.

The Republic of Korea’s Lotte retail group has received an approval from Ho Chi Minh City authorities to proceed with construction of a US$2 billion international financial center.

Covering 10 hectares, the complex will consist of world class commercial plazas, hotels, serviced apartments, and office suites.

A detailed zoning plan of the project, co-financed by Japanese investors, is scheduled for completion in 2014.

VGP

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional