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TRADE FINANCE | Staff Reporter, Japan

BTMU to promote investment in Vietnam province

Believes Dong Nai has huge potential for attracting investment.

Dong Nai has just signed a memorandum of understanding with the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) on cooperation in promoting investment in the province. Dong Nai is now one of the four leading provinces and cities in attracting investment.

The MoU will see both sides exchange information and work together to organize seminars on investment in Dong Nai and meetings with potential Japanese investors.

Dong Nai officials said they valued the role BTMU, Japan’sa biggest bank, can play in providing financial and other assistance to foreign investors and Japanese businesses in their operations in Vietnam and Dong Nai.

There are some 18,700 businesses operating in Dong Nai, including 1,365 foreign-invested enterprises with a total registered capital investment of over US$23.6 billion.

Japan ranks fourth among countries and territories across the world having investments in Dong Nai. It has 167 projects worth US$3.1 billion.

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