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Dong Nai Creates Favorable Environment to Attract Agricultural Investment

Regarding investment capital for agriculture, as of the end of 2023, outstanding credit for agriculture and rural areas in the province reached nearly 113.7 trillion VND, an increase of more than 44.1% compared to 2021, accounting for over 31.4% of the province’s total outstanding loans.

(News Portal – Dong Nai) - Although Dong Nai is an industrial province, it remains committed to developing agriculture, farmers, and rural areas. Creating a favorable investment environment, particularly through supportive policies, is a key focus for the provincial government and local authorities. 

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Quail Egg Processing Plant for Export in Tan Phu District. Photo: Song Le

By leveraging its unique advantages, Dong Nai has become an attractive destination for investors in agriculture and rural development. The province focuses on attracting investment in agricultural processing, which helps increase the value of agricultural production.

A Welcoming Destination for Investors

Dong Nai possesses numerous advantages for attracting investors to the agriculture and rural sectors. In addition to its geographic location, infrastructure, and large specialized production areas, the consistent attention of the Dong Nai Party and government to agriculture, rural areas, and farmers over the years is a major asset in the eyes of investors.

Each year, the province issues investment promotion programs and lists of projects seeking investment. Priority is given to projects using advanced, new, high, and clean technologies, with particular emphasis on inviting investments in agricultural and agricultural product processing technologies. Provincial departments and localities actively organize dialogues with enterprises, connect enterprises with production units, link production units with collective kitchens, guide and assist enterprises in selecting investment locations, and support enterprises and cooperatives (co-ops) in building value chains and participating in trade activities within and outside the province.​

Of particular note is the province's policy encouraging enterprises to invest in agriculture. Dong Nai is currently developing two industrial clusters: Long Giao Industrial Cluster (Cam My District) and Phu Tuc Industrial Cluster (Dinh Quan District). These clusters prioritize attracting enterprises to invest in agricultural product processing with a focus on deep and refined processing, thereby forming value chains, increasing added value, enhancing production efficiency, solving output issues for agricultural products, increasing farmers' income, and promoting sustainable agricultural development.

According to a report from the Department of Planning and Investment, from 2021 to 2023, the province approved investment decisions for 16 agriculture-related projects with a total investment of more than 1.3 trillion VND. Of these, 12 were domestic projects with a total registered investment of nearly 962.3 billion VND, and 4 were foreign projects with a total registered investment of nearly 14 million USD. A notable example is the irradiation plant and technology development research center in the Long Thành high-tech industrial park, with a capacity to irradiate 100,000 tons of products per year and a total investment of 650 billion VND.

As of now, the province has nearly 2,100 enterprises and agricultural production and business facilities, an increase of 335 enterprises and facilities compared to 2021. These enterprises and facilities mainly focus on producing fertilizers, animal feed, aquaculture feed, and breeding plants and animals.

From 2021 to 2023, the province approved support for 22 projects/plans related to production and consumption linkages in agriculture, involving 16 enterprises, 20 cooperatives, 921 farms, and farmers. The total approved support funding was more than 63.8 billion VND.

Attracting Investment in Processing

Dong Nai also benefits from a large agricultural production area, with nearly 90,600 hectares of perennial industrial crops, including key crops such as rubber, cashew, coffee, and pepper. The province has also expanded its fruit-growing area to over 78,600 hectares, focusing on high-export-potential crops such as pomelo, durian, mango, and tissue-cultured bananas. Many perennial industrial and fruit crops with export potential have established large specialized cultivation areas meeting export standards.

Dong Nai's ability to attract enterprises to invest in agricultural product processing and preliminary processing is another advantage. According to enterprises investing in agricultural product processing in Dong Nai, the province has developed large specialized cultivation areas for industrial crops and fruit crops that meet export standards. This is a key condition for agricultural products to perform well in export markets. Enterprises choose to invest in processing plants and factories in Dong Nai not only due to its geographic location and infrastructure but also because of its high-quality specialized cultivation areas.

Dong Nai has also successfully developed cooperative models in agriculture. The province currently has 62 agricultural cooperatives providing services to members and farmers in production areas. These cooperatives have played a key role in supplying agricultural materials to members and local farmers, promoting the mechanization of production and processing. Most importantly, many cooperatives have become real bridges between farmers and enterprises in building value chains from cultivation to preliminary processing and processing.​

Mr. Tran Vu Hoai Ha, Deputy Director of the Department of Planning and Investment, stated that in the context of a dynamic market economy and economic globalization, agricultural enterprises are identified as the "pillar" for promoting agricultural production toward commercialization and enhancing the competitiveness of Vietnamese agricultural products, particularly those from Dong Nai. The province will continue to implement various solutions to attract investment in agriculture. 

Author: Song Le

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