Dong Nai draws nearly US$690 million in foreign investment
The southern province of Dong Nai absorbed nearly US$690 million in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143% against the same period last year and fulfilling nearly 70% of the annual target.
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| Workers at a garment-textile firm in the southern province of Dong Nai |
In May alone, Dong Nai attracted several new major projects such as the US$40-million project of the Republic of Korea’s HI-KNIT Company at Nhon Trach 6A industrial park; the US$33-million project of the Netherlands’ Air Manufacturing Innovation Vietnam at Giang Dien industrial park, the US$32-million project of Singapore’s Logistic Property Vietnam at Loc An – Binh Son industrial park, and the US$29.8-million project of Japan’s Kolmar Vietnam at Long Duc industrial park.
Some projects with big amounts of additional capital included the Netherlands’ Bosh Gasoline Systems – HCP plant at Long Thanh industrial park with an addition of over US$71 million, Singapore’s OPV Pharmaceutical Joint Stock Company at Bien Hoa 2 industrial park with over US$47.7 million, Japan’s SMC Manufacturing Vietnam at Long Duc industrial park with US$47 million and Belgium’s Terumo BCT Vietnam at Long Duc industrial park with US$30 million.
According to the provincial Department of Planning and Investment, the locality prioritises projects applying advanced and environmentally friendly technology and requiring skilled labour as well as those in the supporting industry.
So far, Dong Nai has attracted 1,792 FDI projects with total registered capital of US$32.5 billion, of which 1,323 worth US$27.46 billion are still valid.
The projects come from 45 countries and territories with the Republic of Korea, China’s Taiwan and Japan being the biggest investors.
Overseas investors are interested in the fields of industry, logistics, energy and technical infrastructure.
Vice Chairman of the provincial People’s Committee Tran Van Vinh said local authorities will push ahead with administrative reforms to reduce time and expenses for businesses.
The committee and relevant units such as customs, taxation, planning and investment will maintain periodical dialogues with enterprises to listen to their problems and discuss joint measures to improve operational efficiency, he added.
