Dong Nai is creating an attractive business environment

​(CTT-Dong Nai) - Although the economy still faces many difficulties due to the general influence of the world economy, in the first 6 months of this year, Dong Nai was still an ideal destination for businesses, especially enterprises in the field of import and export. 

Checking import and export goods at Vam Co port (Nhon Trach district) 

In the first 6 months of 2023, Dong Nai had attracted 77 foreign direct investment (FDI) projects. In which, there were 33 new investment projects and 44 projects with additional capital, nearly 2 times higher than the same period of last year.

Removing problems for investors
Many FDI enterprises believe that Dong Nai has a strategic location with a diverse transportation system such as: air, sea, road and railway, which are planned and actively implemented, so Dong Nai is still an attractive destination chosen by many businesses to invest in many fields.

However, besides the advantages, in the process of investing in projects in Dong Nai, enterprises still encounter barriers, causing delays in project implementation. Many FDI enterprises that have been and are about to invest in Dong Nai hope that procedures related to tax regulations, electronic invoices, etc. will limit errors and be adjusted quickly, making the processes of production and export more convenient. 

According to enterprises, if the barriers are removed in time, FDI inflows into Dong Nai will increase even more. Mr. Kim Young Whan, Chairman of the Korean Business Association in Vietnam, said that Korea is the current lead investor in Dong Nai with over 400 projects with a total registered capital of more than 7.2 billion USD. In the coming time, Korea's investment capital in the province will continue to increase if the problems related to land and procedures are quickly removed. Korean enterprises are committed to environmental protection and safety management when doing business in Vietnam. However, many businesses are currently facing difficulties in the process of obtaining fire protection certificates.

Mr. Tran Quang Ninh, Head of the Department of Propaganda and Support for Taxpayers (Dong Nai Department of Taxation), said that in the past, the Tax Department had had many solutions to support businesses in implementing tax and invoice policies in accordance with regulations. However, in the implementation process, many enterprises are still confused. In some cases, taxpayers misunderstand the issue leading to overlapping regulations.

In addition to the above difficulties, many investors also hope that problems with investment procedures, land, the Law on Construction, as well as problems with documents and paper works in registering capital for implementing projects in many fields will be quickly removed, creating momentum for enterprises to develop.  

Creating an uncluttered environment
According to the Department of Statistics, foreign investment projects mainly focus on newly licensed projects in industrial parks, mainly in infrastructure and basic construction works. In addition, a number of other projects are being built and invested in renewing equipment for production. New enterprises invest, expand their production scale as planned, concentrated in a number of production and business enterprises in the field of livestock breeding, yarn production, shoemaking, furniture production, etc. such as: C.P Livestock Joint Stock Company (Bien Hoa II Industrial Park) invested in building a factory with a total capital of over 396 billion VND; Dong Nai Hyosung Co., Ltd. invested 416 billion VND, Dona Standard Shoes Co., Ltd: 41.2 billion VND, Ever Growth International Co., Ltd: 37.7 billion VND…

As a Korean-invested enterprise operating in Dong Nai for nearly 30 years, Changshing Vietnam Co., Ltd. (Vinh Cuu district) is one of the FDI enterprises receiving much support in the production, business processes, and employees' welfare. Mr. Yeom Jae Ho, Deputy General Director of the company said that, with the companionship of Dong Nai's businesses for many years, Chanshing Company has received a lot of help from the authorities. Therefore, in the future, despite the economic downturn, Changshing is still trying to join hands with workers, not only not letting anyone lose their jobs, Changshin has continued to improve the skills of workers so when the orders increase again, the company will be ready complete any order and expand the company's production and business capability.

Duong Thi Xuan Nuong, Deputy Head of the Provincial Industrial Park Management Board, said that due to changes in regulations related to fire prevention, firefighting and the environment, enterprises investing in production facilities in the province faced many difficulties since they must wait for the certificate of fire prevention and environmental safety before being granted a construction permit. The above problem has been reported by the provincial leaders for many months and has not been resolved, affecting the project implementation progress of enterprises. ​​