Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>ฺVietnam>>Investment>>Japan invests in Binh Dinh
NEWS UPDATES Asean Affairs     February 15, 2017  









Japan invests in Binh Dinh

The People’s Committee of the central Bình Dinh Province licensed an investment certificate to Japan-based Marubeni Lumber Co Ltd to invest in a project worth US$5 million during a ceremony held on Monday.

The project, located in the province’s Nhon Hoi Economic Zone (EZ), is the first foreign direct investment (FDI) project that has been implemented in the zone since its establishment in 2005.

A representative of Marubeni Lumber Co Ltd said the project, covering an area of 10ha in Park A in Nhon Hoi EZ with an operation period of 50 years, would be implemented in the second quarter of this year and completed in the second quarter of 2018.

Once completed, the project will provide wood and wood products for export, such as industrial wooden goods and wooden furniture. The investor will also lease land for factory construction.

The project is expected to help increase export volume for Bình Định Province, contributing to the growth of the province’s wood processing industry, creating jobs for more than 200 labourers and stabilising the province’s social welfare.

Marubeni Lumber Co Ltd plans to raise the project’s investment capital to $20 million in phase two. The company hopes to attract more investors, especially Japanese firms, to the project.

Also at the ceremony, Saigon-Nhonhoi Industrial Park Corporation signed a contract with Marubeni Lumber Co Ltd to lease land-use rights of Park A in Nhơn Hội EZ to the Japanese company.

In February alone, Bình Định has, so far, granted investment certificates for two FDI projects.

The previous project is a garment factory funded by a Canadian investor in An Nhon Town.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          February 15, 2017 Subsribe Now !
• Indonesia set to export 100,000 tons of rice in 2017 Subcribe: Asean Affairs Global Magazine
• Japan invests in Binh Dinh
• IDX targets 110,000 new investors in 2017
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• EVN banned from investing in property, banking sectors
• Thai-Myanmar council push
Asean Analysis                  February 15, 2017
• Asean Analysis  February 15, 2017
Set the US-Thailand relationship right
Advertise Your Brand

Asean Stock Watch   February 14, 2017

• Asean Stock Watch-February 14, 2017
The Biweekly Update
• The Biweekly Update  January 19, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com