Korean enterprises continue to increase capital in Dong Nai

Provincial leaders awarded investment certificates for capital increase to enterprises in February 2025, including Hyosung Group (right cover) with an additional increase of nearly 20 million USD. Photo: N. Lien

With advantages in geographical location, convenient transportation and being one of the leading industrial development localities in Vietnam, Dong Nai is becoming an attractive destination for project investment from countries and territories around the world , including Korea.

Sustainable destination for investors

In recent times, with the motto of the Government accompanying enterprises, Dong Nai has always encouraged and created favorable conditions for enterprises with foreign direct investment (FDI) to invest in the province, including enterprises from Korea.

With more than 400 projects operating stably, projects with Korean investment capital have created jobs for more than 171 thousand workers and contributed a lot to the local budget. Some projects with large investment capital include: 2 projects of Hyosung Group with a total investment capital of over 2.2 billion USD; Posco VST Co., Ltd. with an investment capital of 300 million USD; 2 projects of Changshin Vietnam Co., Ltd. with an investment capital of 255 million USD...

Dong Nai is considered a typical locality in attracting FDI. Of which, Korea is ranked No. 1 in Dong Nai in particular and Vietnam in general. In Dong Nai, Korean enterprises mostly invest in industry.

In particular, Hyosung Group invested in Vietnam since 2007. After many times of increasing investment capital, Hyosung currently has a number of factories specializing in the production of curtain yarn, Spandex yarn, nylon yarn, steel yarn and other types of yarn, electric motors. After more than 16 years of establishment and development, it has gradually become an FDI enterprise with the largest investment capital in Dong Nai. Most recently, in February 2025, Hyosung Group was granted a certificate of investment registration to increase capital for the Hyosung Dong Nai Co., Ltd. Project in Nhon Trach V Industrial Park (IP) with about 7,000 employees and achieving annual revenue of over 2.5 billion USD.

Or Changshin Vietnam Co., Ltd. (Thanh Phu Industrial Park, Vinh Cuu District) specializes in producing leather shoes for major world brands for export to more than 30 countries. In addition, the company also has other factories in Long Thanh and Tan Phu districts.

Korean enterprises expect that after the first phase of Long Thanh International Airport is completed, Dong Nai will become a logistics and smart industrial center in the South.

Accompanying businesses

At the meeting with Vice Chairman of the Provincial People's Committee Duong Minh Dung, Deputy Consul General of Korea in Ho Chi Minh City Kwon Tae Han emphasized that Korean enterprises will continue to expand their investment in Dong Nai. In addition to industry, Korean enterprises will invest in many other areas of the province.

According to Mr. Kwon Tae Han, recently, Vietnam has issued very important resolutions related to digital transformation, technological innovation, innovation, sustainable development, private economic development, amending and supplementing many laws to facilitate domestic and FDI investors. This will be a favorable condition for FDI enterprises to increase investment in Vietnam, as well as Dong Nai.

“I hope that Dong Nai authorities will continue to accompany businesses and promptly inform businesses of new policies of the Party and State. At the same time, Korean businesses also hope that the province will promptly remove difficulties so that projects can be implemented smoothly,” Mr. Kwon Tae Han shared.

To make the cooperation relationship more comprehensive, the Deputy Consul General of Korea in Ho Chi Minh City proposed to the provincial leaders about sustainable development cooperation. In particular, Dong Nai needs to have a regular exchange channel between Korean enterprises and provincial leaders. Thus, difficulties and obstacles of enterprises can be resolved promptly and Korean enterprises also have more information about the province's investment attraction policy to choose projects and participate more.

To support Korean enterprises as well as other enterprises investing in Dong Nai, Vice Chairman of the Provincial People's Committee Duong Minh Dung said that Dong Nai has established the Vietnam - Korea Business Association. Accordingly, the association will be an extension of the province, listening to difficulties and obstacles to find a direction to focus on solving them. Dong Nai plans to have a dialogue with Korean enterprises to listen and solve difficulties for enterprises, and provide information on Vietnam's innovation policies. At the same time, the province will introduce to Korean investors projects in many fields of the province such as: industry, technical infrastructure, real estate, agriculture, trade services, tourism, etc. and hopes that enterprises will continue to make new investments and expand their investment in the province.

Ngoc Lien

Source: https://baodongnai.com.vn/kinh-te/202506/doanh-nghiep-han-quoc-tiep-tuc-tang-von-vao-dong-nai-0001496/