In the first 7 months of 2024, Dong Nai attracted more than 1 billion USD of FDI capital

According to the Dong Nai Industrial Zones Authority (DIZA), from the beginning of the year to July 29, the total FDI capital attracted in the first 7 months of 2024 was 1.019 billion USD (reaching 146% of the annual plan). The province has increased the selection of projects in line with the proposed policies.

Dong Nai attracted more than 1 billion USD of FDI capital in 7 months.

FDI capital continues to flow into Dong Nai

According to DIZA, out of more than 1 billion USD of FDI capital, industrial parks in the area have attracted 55 new investment projects with a total investment capital of 627 million USD and 67 projects increasing capital to expand production with a total increased capital of 392 million USD.

Singapore is the country with the largest investment capital in Dong Nai industrial parks in the past 7 months, with 9 projects, totaling 231.7 million USD (accounting for 36.98% of the total newly attracted investment capital and 16.36% of the total number of attracted projects).

FDI projects that have just been licensed by DIZA include the SLP PARK project in Loc An Binh Son Industrial Park (IP), with an investment capital of 121.4 million USD; the Global Star Vietnam Technology Co., Ltd. factory in Ho Nai Industrial Park, with an investment capital of 33 million USD; the Tata Vietnam Technology Co., Ltd. factory in Nhon Trach 6 Industrial Park, with an investment capital of 21 million USD; the NIPPN Vietnam Co., Ltd. factory in Long Thanh Industrial Park, with an investment capital of 18 million USD; Coherent Vietnam Co., Ltd. - Engineered Ceramics project in Nhon Trach 1 Industrial Park, with an investment capital of 15 million USD...

In addition to newly licensed projects, capital-increasing projects also have investment levels of up to hundreds of millions of USD. Specifically, the Coffee Factory Project of Nestlé Vietnam Co., Ltd. in Long Binh Industrial Park (Amata) increased its investment capital by 100 million USD, bringing the total investment for this project to 502 million USD.

A project with a fairly large capital increase is the Kenda Rubber Company (Vietnam) Tire Factory in Giang Dien Industrial Park, increasing by 80 million USD, bringing the total investment to 296 million USD.

Ms. Li Shu Ying, Deputy General Director of Anctek Vietnam Co., Ltd., said that the company decided to expand its investment in Dong Nai because the locality has an abundant labor force and a policy to promptly resolve procedures for businesses. In addition, the locality is completing its transport infrastructure system such as airports and highways, creating convenience for domestic and export goods transportation.

During the same period, DIZA licensed 9 domestic projects to expand investment in industrial parks, with an additional capital of VND 1,385 billion and 3 newly established projects with a registered capital of VND 1,528.8 billion. Total domestic investment capital in the first 7 months of 2024 reached VND 2,913 billion (146% of the annual plan).

Selecting investors suitable for provincial policies

According to the Dong Nai Industrial Park Management Board, newly licensed FDI projects in industrial parks in the first 7 months of 2024 are mainly in the fields of manufacturing semiconductors, electrical and electronic components; mechanical engineering; textiles; manufacturing products from prefabricated metals...

DIZA said that recently, there were no projects in the list of industries that have factors causing environmental pollution, are labor-intensive; ensure criteria on advanced technology; and are consistent with the investment attraction policy of Dong Nai province.

Dong Nai province currently has 33 established industrial parks with a total area of over 10,500 hectares. There are 32 industrial parks in operation, with nearly 2,100 leasing enterprises, a total area of 6,000 hectares of land for production and business.

There are currently nearly 1,600 valid FDI projects, with an investment capital of over 34 billion USD. There are 44 countries and territories with investment projects in Dong Nai; in which, the top countries in terms of capital are Korea, Taiwan (China), and Japan.

Vice Chairwoman of Dong Nai Provincial People's Committee, Ms. Nguyen Thi Hoang, pledged to create the most favorable conditions within the legal framework for investors. At the same time, she requested investors to implement projects on schedule and according to registered contents. Investment, production and business must be associated with environmental protection; priority must be given to the application of high technology in production.

Acting Chairman of the Provincial People's Committee Vo Tan Duc said that attracting high-tech FDI is the shortest way to improve technology levels, to create new products with high quality, improve production, management and business technology levels, and help quickly narrow the technology gap.

According to Mr. Duc, in order to attract selective investment, especially enterprises using high, advanced and modern technology, it is necessary to implement a number of solutions such as: regulating preferential policies for investment projects in high-tech zones, this will be an important legal corridor, departments, branches and localities will effectively implement in the area in the coming time.

In addition, a project to train human resources for high-tech project appraisal in the area is being developed to improve appraisal quality, responsibility for managing imported technology, licensing and certifying investment in FDI projects in the province.

Provincial leaders directed DIZA to consider technology transfer as an important factor when evaluating projects and deciding to grant investment certificates for investment projects in Dong Nai. Urgently complete the construction of Cam My High-Tech Park, Long Thanh High-Tech Park and a number of industrial parks with large enough land funds to attract high-tech projects to the province.

Source: https://baodautu.vn/7-thang-dau-nam-2024-dong-nai-hut-hon-1-ty-usd-von-fdi-d221267.html