The information was shared at a meeting between Nguyen Van Loi, Secretary of Binh Duong Party Committee, and Hirohisa Fujiwara, international business director of Tokyu Group, on April 10.

At the meeting, Fujiwara shared that Tokyu Group will step up investment in the sci-tech sector, especially semiconductors, which is in line with the province's investment attraction priorities.

In response, Secretary Loi affirmed that the tie-up between Tokyu Group and Binh Duong and Becamex IDC Corporation has resulted in outstanding achievements. The province is seeking transformation towards a green and sustainable growth model with a focus on a green industrial ecosystem, a circular economy, and green energy as it aims to attract investments in high-tech and high value-added industries with minimal impact on the environment.

Established in 1922, Tokyu Corporation is one of Japan's oldest and largest economic corporations, operating in transportation, retail systems, culture, education, and urban development.

In 2012, Tokyu Group entered into a joint venture with Becamex IDC Corporation to establish Becamex Tokyu Co., Ltd. (Becamex Tokyu). The Tokyu urban area project has total registered investment capital of $1.2 billion.

The project's objective is to invest, develop, and trade in real estate, including commercial centres, services, houses, and entertainment services in the Binh Duong industrial - service - urban complex.