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Dong Nai Achieves Investment Attraction Targets in Industrial Zones

(News Portal – Dong Nai) - According to statistics from the Dong Nai Industrial Zones Authority, by mid-May 2024, the total investment attracted into the industrial zones in the province reached $929 million. With this result, Dong Nai has achieved and surpassed the investment attraction target for industrial zones in 2024. 

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Secretary of the Provincial Party Committee Nguyen Hong Linh stated during a working session with Oita Prefecture, Japan, during the investment promotion trip to Japan in April 2024. 

In the total investment attracted into the industrial zones over the past four months, foreign direct investment (FDI) in Dong Nai reached $834 million, achieving 119% of the 2024 plan. Domestic investment reached over 2 trillion VND (equivalent to $82 million). Among the investment projects in Dong Nai over the past four months, FDI accounted for 40 new investment projects with a total investment capital of $519 million, and 39 projects with increased production capital with a total increase of $315 million. As for domestic investment, there were 7 new investment projects and capital increase projects.

The newly attracted projects mainly belong to the semiconductor manufacturing, electronic component, electrical and electronic industries; mechanical engineering; textile; production of precast metal products... There are no projects in the list of industries causing environmental pollution, labor exploitation; they meet the criteria of advanced technology and are in line with the province's investment attraction policy. ​

In addition to some typical projects that have been granted and issued certificates in the early days of the year, recently the industrial zones have received and issued investment registration certificates for some relatively large-scale projects such as the Silicon Carbide Vietnam Co., Ltd. project and the Advanced Optics project, both under the Coherent Group (USA) with a total investment capital of $83 million in Nhon Trach 1 Industrial Zone, investing in the production of semiconductor applications in electronics; manufacturing optical equipment and instruments (all kinds of glasses, separating parts, combined light splitting devices...) in the high-tech field; the Regza Vietnam Electronics Factory project, with a capital investment of $40 million, in Long Thanh Industrial Zone; the High-Tech Logistics Long Thanh project, with an investment capital of over $35 million, in Long Thanh High-Tech Industrial Zone...

From the beginning of the year until now, Dong Nai has attracted many domestic and foreign large enterprises and corporations to explore the investment environment in Dong Nai. Through their research, many enterprises and corporations have given high evaluations and proceeded with investment procedures. In addition to welcoming investors, Dong Nai also proactively promotes investments in potential countries. Specifically, in April, the leaders of Dong Nai province, led by the Secretary of the Provincial Party Committee, along with the leaders of the provincial People's Committee, departments, sectors, and infrastructure business enterprises, as well as those already investing in Dong Nai, organized an investment promotion conference in South Korea and Japan.

Through the investment promotion conference, hundreds of companies from these countries have learned about the investment environment in Dong Nai. During the business trip, leaders of Dong Nai province signed several memoranda of understanding, letters of interest, and memoranda with provinces and companies from South Korea and Japan. Specifically, they signed a memorandum of understanding with Jeollanam Province of South Korea on cooperation and economic development. They also signed letters of interest between Dong Nai and a number of South Korean companies for cooperation in research, investment, and development of 3 innovative research and education complexes in Dong Nai. They explored opportunities for cooperation in the form of duty-free business (duty-free) next to Long Thanh International Airport... At the same time, Korean-Vietnamese companies participating in the investment promotion conference have signed and exchanged investment cooperation agreements, among which, the Memorandum of Cooperation between Saigontel and Samsung E&A Company stands out for their intention to research and invest in environmental projects in Dong Nai.

In addition to the agreements signed during the investment promotion program, Dong Nai also welcomed companies, local leaders, and embassies from various countries around the world to explore investment opportunities in Dong Nai, such as Finland, the United States, Japan, and South Korea... 

Author: Nam Huu

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