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Maguchi eyes investment opportunities in Binh Dinh
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Japan-based company Maguchi is considering cooperating and investing in the seaport business in Binh Dinh Province, according to Nguyen Bay, director of the provincial Investment Promotion Center.
A delegation led by Hiroyuki Kawata from the company’s board of directors visited and worked with provincial officials and leaders of Quy Nhon Port earlier this week to seek investment opportunities.
According to Kawata, potential and advantages of Quy Nhon Port are reasons that Maguchi will consider investing in the region, especially as seaport operations in Japan are in fierce competition with regional rivals.
The visit of Maguchi to Binh Dinh Province follows the province’s investment promotion trip to Japan last month and aims to prepare for a visit of Maguchi president in the near future.
According to Bay, in addition to seaport business cooperation, seafood and ceramics production are the sectors Maguchi is also interested in.
The delegation of Maguchi visited seafood firms, plants and frozen facilities in the province to study the chance of cooperation in processing seafood and exporting frozen seafood to Japan as well as sending local laborers to Japan to work at facilities of Maguchi.
At the reception held for the delegation, provincial chairman Le Huu Loc pledged to facilitate Japanese investments. He expected the firm to consider investing in the seafood sector, helping the province improve ocean tuna processing and preservation.
According to Kawata, Japanese investors are shifting investment focus to Vietnam, including Binh Dinh Province. Maguchi will study and register some projects of the aforementioned sectors in the earliest time.
Quy Nhon Port, a grade-one port of the south-central port group, is in Quy Nhon Bay and shielded by Phuong Mai Peninsula, which is suitable for ship docking and goods loading and unloading. The port can handle ships of up to 30,000 DWT.
Source: VIETNAMSHIPPING GAZETTE (24/7/2013)
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