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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.

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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






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