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Attracting foreign investment: Exceeds 1 billion USD mark

Almost past nine months, while attracting foreign investment (FDI) of whole country fell by 25.5% over the same period in 2013, Dong Nai is increased above 30% and exceeded the year plan.  This proves that Dong Nai is an attractive investment destination for businesses.


​Since the beginning of the year to mid-September, Dong Nai has attracted 117 FDI projects with total capital of nearly 1.2 billion USD. Of these, 59 new projects with total registered capital of nearly 421 million USD, 58 supplemented capital projects approximately 770 million USD. These projects are mostly invested in manufacturing and supporting industries, right with inviting industry investment of province

* Early finish

According to the Department of Planning – Investments, Dong Nai FDI capital are mainly in Asian countries. Japan is the leading country in new investment into the province and next is South Korea. Specifically, in the 58 new investment projects, there are 25 projects of Japanese companies and 17 projects of Korean firms. These investors said, in the southern region, Dong Nai is an attractive investment because infrastructure is increasingly complete, convenient for travel and freight. In addition, the administrative procedures are also settling fast.


Mr. Imamura Tomofumi, Chairman of Japanese Business Association in Dong Nai-General Director of Mabuchi Motor Vietnam Co.,Ltd., said: “Dong Nai processing speed of administrative procedures is faster than other provinces. Any questions, suggestions of businesses are replied, implemented quickly and smoothly by the authority. When businesses encounter difficulties in production always received positive support from the provincial departments ". Mr. Imamura Tomofumi added, he will notify these advantage to the Japanese enterprises to find investment opportunities in Dong Nai

During a working visit in Dong Nai in mid 7-2014, Consul General of Japan in Ho Chi Minh City Nakajima Satoshi affirmed: “Around 2 years, Japanese investment in Vietnam increased, in which Dong Nai is the chosen destination of many Japanese firms. Because this is the province with more convenient transportation and complete than many other provinces. Japanese business invested in Dong Nai received many support, so work quite effectively. In the next time, the Japanese Consulate continues to act as a bridge to introduce Japanese companies to invest in province”. Not only Japan, South Korea but also ambassador of Thailand, Israel, Austria, Chile visited Dong Nai learn the investment environment to introduce for businesses in their country. And most of them assessed in Dong Nai is favorable place to invested in industrial development.

* Project selection
Director of Department of Planning – Investments Bo Ngoc Thu said: “The investment projects in the province since the beginning of the year are consistent with provincial policies, which is attracting projects in the fields of high technology, supporting industry, clean industry, have huge investment capital. There are results by province has shortened the processing time records, promptly remove difficulties for enterprises. Province regularly organizes periods of trade and investment promotion, invested calls ... ". According to Ms. Thu, attracting investments in the province has faced difficulties due to selective projects, investments projects apply carry a high risk of contamination must refuse. Supporting industry is the sector that Vietnam as well as Dong Nai calling for investment priorities, but the policy of the Government providing incentives for the sector is unclear, some investors remain reluctant waiting
"The Ho Chi Minh City - Long Thanh highway and numerous roads, bridges completed in Dong Nai help facilitate traffic. In coming time, Long Thanh-Dau Giay highway allow traffic and Long Thanh international airport is being built is one of the leading factors help investors choose Dong Nai. But the province currently faces the most problems is Government no specific incentives for support industry and investments in rural areas, should limit calls for many investments” – said Mr. Mai Van Nhon, Deputy Director of Dong Nai Industrial Zones Authority.
If the Government promulgate clear rules of priority in attracting investment to rural areas, support industry, the FDI in Dong Nai will continue to rise.

 
Khanh Minh

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