Mekong Delta welcomes investors from Japan

Provinces in the Mekong River Delta (Mekong Delta) besides the potential of agricultural-fishery raw materials also have abundant labor resources. In particular, the quality of the local government is highly appreciated ... these are important factors to attract foreign direct investment (FDI), including FDI from Japan.

According to the Ministry of Planning and Investment (MPI), there are currently 4,300 Japanese projects investing in Vietnam with a registered capital of US $ 59 billion. Particularly, the Mekong Delta region has nearly 200 projects, with a registered capital of more than US $ 2.2 billion, accounting for 10.5% of the region's total FDI.

Many Japanese enterprises (businesses) operating in QAS assessed: The area is large, suitable for developing high-tech, large-scale agriculture for export to Japan and many other markets. In particular, the business environment is increasingly improving towards favorable conditions for investors. For example, in Can Tho, in order to create favorable conditions for Japanese enterprises, the locality has built Vietnam-Japan Friendship Industrial Park (IZ) with an area of 42.9 ha (phase 1 implemented 30 ha).

Accordingly, many Japanese enterprises have continuously poured capital into this area. Most recently, the mention of Takesho Food & Ingredients Inc (Japan) with the business of manufacturing, processing spices and raw materials ... The factory has a design capacity of about 600,000 tons of products / year, total invested capital 8 million UsD. It is expected that in the first quarter of 2020 will start construction and in the first quarter of 2021 will officially go into operation. Previously, at Tra Noc 1 Industrial Park, the manufacturing and processing factory of The Marine Foods Corporation (Japan) and Nam Hai Export Food Co., Ltd. was started construction with a total investment. 14 million UsD; target processing and processing of seafood exports to Japan.
Besides the advantages, Japanese enterprises also pointed out the weaknesses of the region, including: Transport infrastructure, logistics, industrial park infrastructure ... need to be quickly overcome in the coming period, if they want to attract more investors. In order to overcome the above problems, many people believe that the Mekong Delta needs to adjust the socio-economic development planning under the Government's Resolution 120 / NQ-CP on sustainable development of the Mekong Delta to adapt to climate change; promote investment in transport and irrigation infrastructure, develop adequate human resources. At the same time, strengthening regional links, building and perfecting mechanisms and policies to promote regional links, proceeding to create a complete, attractive investment environment.
Mr. Hirai shinji - Chief Representative of Japan Trade Promotion Organization (JETRO) at Ho Chi Minh City Office Ho Chi Minh City - proposal: In order to attract Japanese FDI, industrial zones need to be divided into small lots with different areas to fit the scale of operations of Japanese enterprises. At the same time, built a number of sample workshops to introduce to businesses, or rent out when businesses need to operate immediately.

In 2020, the Mekong Delta will implement many activities to attract FDI from Japan. Expected in April 2020, direct flights from Can Tho city - Mekong Delta to Japan is also promoted, along with the construction of Japanese-style neighborhoods in Can Tho city. All are aiming to make the Mekong Delta become a potential destination for Japanese businesses.

Nguyễn Thành Dương

Vietnam maps showing administrative units, sources of critical raw materials and industrial zones locations.