Lesson 1: The Party's policies create momentum for the sustainable development of FDI flows.
Throughout the period from the 1986 reform policy to recent strategic resolutions, the Party and State have consistently pursued a policy of selectively attracting FDI for sustainable development. Dong Nai province has successfully implemented the resolutions and strategies of the Party and State, thus attracting all four waves of FDI into Vietnam.
 |
| Production activities at Changshin Vietnam Co., Ltd., Thanh Phu Industrial Park, Tan Trieu Ward, Dong Nai Province. Photo: Ngoc Lien |
In line with the Party and State's reform policies, Dong Nai province has made significant efforts in reforming its economic management mechanisms. As a result, the province has achieved many successes in the development of industry, agriculture, and services, particularly in attracting FDI, contributing to the province's economic growth. Currently, Dong Nai has attracted over 2,200 FDI projects from 51 countries and territories.
A vision for innovation, shaping policies to attract FDI.
In 1986, the Sixth National Congress of the Communist Party of Vietnam launched a comprehensive reform process, transitioning the country to a socialist-oriented market economy. This marked a turning point in economic thinking, laying the foundation for opening up and attracting foreign direct investment (FDI). Subsequently, on December 29, 1987, the National Assembly passed the Law on Foreign Investment. This was the first legal document that paved the way for the influx of FDI into Vietnam.
From the early years of the country's opening up, Dong Nai pioneered in attracting FDI projects. The first FDI project was licensed on September 30, 1989, in the taxi transportation service sector by the State Committee for Cooperation and Investment to the Vatadona Joint Venture Company. Subsequently, corporations such as Vedan, Vmep, and Hualon began to register and implement projects in the province.
Between 1994 and 1998, Dong Nai province achieved a breakthrough as FDI projects completed their factory investments and commenced operations, contributing to industrial growth and other sectors. During this period, Dong Nai continuously welcomed numerous projects from major investors such as Amata Group, Fujitsu, Kao, Samsung, Kolon, Chrysler, CP, Cargill, etc. During this time, Dong Nai province was recognized by the central government as a leading locality in attracting the first wave of FDI investment into Vietnam.
The 7th (1991) and 8th (1996) National Congresses of the Party continued to affirm the view of diversifying and multilateralizing foreign economic relations, creating a basis for expanding investment attraction from many countries and territories and proactively integrating into the international economy, considering FDI as a driving force of industrialization and modernization. Along with that, the amendments to the Foreign Investment Law in 1996 and 2000 gradually "loosened" investment conditions, expanded permitted sectors, encouraged technology transfer, and developed supporting industries...
Seizing new opportunities, Dong Nai has promptly implemented the Party and State's guidelines and policies, creating a favorable environment for many multinational corporations in industry, agriculture, and technical infrastructure to invest in the province. FDI inflows have contributed to Dong Nai's economic growth, consistently exceeding the national average, creating hundreds of thousands of jobs for workers both within and outside the province, and playing a significant role in the province's budget.
In particular, on August 20, 2019, the Politburo issued Resolution No. 50-NQ/TW on the orientation for perfecting institutions and policies, and improving the quality and effectiveness of foreign investment cooperation until 2030. In this resolution, Vietnam aims to attract selective FDI, focusing on high technology, environmental friendliness, and close linkages with domestic enterprises.
At that time, Dong Nai province (formerly) had already implemented selective FDI attraction policies, prioritizing projects with modern technology, environmental friendliness, low labor intensity, and high added value. On average, FDI enterprises contributed over $1 billion USD annually, equivalent to one-third of the province's total budget revenue. In Binh Phuoc province (formerly), provincial leaders also recognized the potential and advantages to create an environment for attracting investment and promoting the development of industry, agriculture, and services in a modern and sustainable direction.
Binh Phuoc province boasts relatively favorable transportation infrastructure, strategically located to connect the Central Highlands with the provinces and cities of the Southeast region, thus playing a crucial role in the East-West economic corridor. It also serves as a bridge for economic, cultural, and social exchange between the Southeast and Central Highlands regions. Particularly noteworthy is its 258.939 km border with Cambodia, making it a gateway for trade and cooperation within the Cambodia-Laos-Vietnam development triangle. With these potentials and advantages, following the merger of the former Dong Nai and Binh Phuoc provinces on July 1, 2025, the advantages and investment opportunities of the new Dong Nai province have become a major draw for FDI businesses worldwide.
Commenting on the role of FDI in Vietnam, Associate Professor Dr. Tran Dinh Thien, former Director of the Vietnam Institute of Economics, stated: FDI plays a crucial role in the Vietnamese economy. Resolution No. 50-NQ/TW clearly states that building and perfecting institutions and policies on FDI investment should be in line with development trends, approach advanced international standards, and harmonize with international commitments, ensuring synchronicity, consistency, transparency, and high competitiveness. Vietnam has a widely open and deeply integrated economy, so it needs to promptly overcome limitations and shortcomings in policies on FDI cooperation. From there, Vietnam can attract 40-50 billion USD/year of high-quality FDI.
In the first 11 months of 2025, Dong Nai attracted over US$2.9 billion in FDI, with 286 new and capital-increased investment projects. Of these, the majority (nearly US$2.1 billion) were invested in the province's industrial parks and economic zones, exceeding the 2025 plan by 10%.
A bright spot in attracting FDI.
From the late 1980s to the early 1990s, Dong Nai province clearly recognized the importance of FDI flows to its local economy and promptly implemented the Party and State's policies on FDI cooperation. Therefore, when the first wave of FDI entered Vietnam, the province proactively planned land use, connected transportation infrastructure, and developed industrial parks to attract foreign investors.
Ishii Hiroyuki, General Director of Long Duc Investment Co., Ltd. (Japanese capital), shared: More than 10 years ago, the company invested in the infrastructure of Long Duc Industrial Park in Binh An commune (Dong Nai province). The industrial park, upon becoming operational, attracted nearly 90 FDI projects from various countries with a total registered capital of nearly 2 billion USD. Over the past 10 years, not only our company but many other FDI enterprises in Long Duc Industrial Park have repeatedly increased their capital and expanded production. Throughout the operation, any difficulties faced by Long Duc Investment Co., Ltd. and other businesses in the industrial park have been promptly resolved by the provincial and local authorities. This is one of the important reasons why Dong Nai remains an attractive destination for investors from Japan and many other countries.
After nearly four decades, Dong Nai has attracted more than 2,200 FDI projects with a total registered capital of nearly US$42 billion, ranking among the top 5 localities attracting the highest FDI in the country. The four countries/territories with the largest investments in the province are South Korea, Taiwan, Japan, and Singapore. Currently, Dong Nai has 57 industrial parks established with an area of nearly 21,600 hectares and an occupancy rate of over 76%. This is the result of the rapid and decisive implementation of investment opening policies in accordance with the Party and State's guidelines.
Prior to 2000, Dong Nai province had a policy of selectively attracting FDI, choosing projects with modern, environmentally friendly technology and supporting industries. As a result, the province shifted from a trade deficit to a trade surplus two years ahead of the rest of the country, and Dong Nai's trade surplus has increased annually, accounting for 30-40% of the national trade surplus.
To continue attracting FDI into the province, at a meeting with a delegation from Hyogo province (Japan) in August 2025, Mr. Nguyen Minh Chien, Deputy Head of the Management Board of Industrial Parks and Economic Zones of Dong Nai province, stated: Dong Nai is one of the leading industrial development provinces in the country with over 80 planned industrial parks covering an area of over 39,000 hectares. In addition, the province also has 63 planned industrial clusters covering an area of over 3,700 hectares. In the coming time, Dong Nai plans to provide many large industrial land plots to attract investors to the province. Mr. Nguyen Minh Chien emphasized: “We hope to receive much attention from potential investors to develop industrial parks in a modern, sustainable direction, with cleaner production, more efficient energy use, and greater environmental friendliness in the future.”
Also at the meetings with consuls general, ambassadors, foreign businesses, and provincial leaders, Deputy Director of the Department of Finance Tran Vu Hoai Ha stated: “Dong Nai always focuses on improving the quality of FDI flows into the province. Therefore, the province has attracted many FDI projects with high technology, high added value, and linkages with domestic businesses to participate in global supply chains.”
According to Mr. Tran Vu Hoai Ha, the province prioritizes the development of a synchronous and modern infrastructure, digital transformation, and creating a favorable environment for investors. At the same time, the province has many other policies to support FDI enterprises such as: administrative procedure reform, building an e-government, establishing a special task force to support investors, and organizing regular dialogues between provincial leaders and businesses…
Thanks to a favorable investment environment, many large FDI corporations such as Hyosung, Nestlé, CP, Bosch, Lixil, Formosa, Amata, Pouchen, Changshin, etc., have chosen Dong Nai as a long-term investment destination and continuously increased their capital to expand production and business. These FDI projects have created jobs for over half a million workers both within and outside the province, contributing to the development of Dong Nai's and the country's industries towards modernization, increased exports, and higher budget revenue. In addition, FDI projects have also promoted the development of trade, services, and logistics for the province and the country as a whole.
Huong Giang - Ngoc Lien
Article 2: Dong Nai affirms its top position nationwide in attracting FDI.
Source: https://baodongnai.com.vn/kinh-te/202512/dinh-vi-dong-nai-บน-ban-do-fdi-viet-nam-bai-1-bed1d70/
![[Image] Ho Chi Minh City simultaneously commences construction and breaks ground on 4 key projects.](https://vphoto.vietnam.vn/thumb/340x192/vietnam/resource/IMAGE/2026/01/15/1768472922847_image.jpeg)
![[Video] Discovery of a 6-meter-thick cultural layer at Thang Long Imperial Citadel](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2026/01/16/1768547257882_image.webp)
Comment (0)