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Domestic investment sharply increased

According to Department of Planning and Investment, in the first 4 months of 2016 only, provincial domestic investment attraction reached 2.82 trillion VND, 4 times more than the same period last year. The number of newly registered domestic enterprises also increased.​


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Sai Gon New Port Corporation continued the Nhon Trach New Port expansion (Nhon Trach District) for logistics service and enhancing sea transport.
 
From the beginning of 2016 to now, Dong Nai attracted 14 domestic invested projects with the total capital of nearly 2.82 trillion VND, 11 newly registered projects with nearly 2.5 trillion VND, 3 existing projects registered to expand capital of over 330 billion VND. So far, Dong Nai has certificated investment for 655 domestic projects with the total capital of nearly 195.4 trillion VND.
 
ATTRACTING CAPITAL FOR CONSTRUCTION AND MANUFACTURING
In the first months of 2016, the the picture of Dong Nai Economic was painted with a lot of bright colors. Not only the FDI attraction greatly increased bringing Dong Nai to the 2nd top province, but the other index such as export and surplus also rose. Especially domestic investment attraction also increased 4 times more than the same period last year. This means Dong Nai is having a favorable investment environment. Domestic enterprises chose Dong Nai to be their destination for new investments and manufacturing expansion. The total capital of all new projects and existing project registered to expand capitals this period was really high, with 200 billion VND/project in average.
Mr. Cao Tien Dung – Director of Department of Planning and Investment said: “Dong Nai always facilitate domestic enterprises to have new investments and business expansion by simplifying and reducing application handling time legally and timely. Dong Nai is also the leading province in supporting domestic enterprises by providing information about FTA, promoting trading in new market as well as traditional market”.
The top domestic invested project in the first 4 months owned by Cau Moi water supply JSC. (Long Thanh district) with the total capital of over 1.23 trillion VND. According to the investor, in the near future, the capital above shall be used to construct a water supply system at Cau Moi lake to supply clean water for local households and enterprises. The second top investor is Thai Binh Investment JSC. (Bien Hoa city) investing nearly 300 billion in constructing bonded warehouse and logistics services. The third top is Southern Ceramic Tiles JSC. investing over 260 billion in constructing tiles manufacture…
 
Infrastructure advantages
 
Both international economic experts and domestic economic experts supposed that in the near future, Dong Nai should still be the destination for both foreign and domestic enterprise to newly invest and expand investment as the province had many advantages in geography, traffic, with stable and transparent policies. According to the chart of provincial competitiveness published by Vietnam Chamber of Commerce and Industry (VCCI), excluding the advantages in geography and traffic, Dong Nai still ranked 37/63 provinces, increased 5 places comparing with 2014.
Mr. Vu Tien Loc – Chairman of VCCI said: “According to VCCI’s survey, almost all enterprises feel comfortable investing in Dong Nai, especially in case of any difficulty incurred, the Government handled it very quick and effective, maintaining benefit for the enterprises. Thus, Dong Nai shall continue to be the destination for both foreign and domestic investments”

In the past 2 years, While the number of dissolved enterprise in Vietnam increased, that number in Dong Nai province decreased and in additional, newly established enterprises greatly increased. Specifically, in quarter I-2016, there were 23 thousand enterprises stopped operation, 14% more than the same period in 2014, only 133 of which are in Dong Nai, equivalent to 7% of the number of newly established enterprises and much lower than the same period last year. The number of enterprises to invest greatly in Dong Nai in construction, real estate, port, logistics service shall increase more since Dong Nai is the Southern gateway of traffic.
 “Sai Gon New Port Company is continuing to invest in Nhon Trach New Port expansion for logistics service in Dong Nai in order to connect with Cai Mep and Cat Lai ports, promoting sea transport, reduce traffic jam, traffic costs and time for the enterprises. We see the potential of industrial development in Dong Nai, especially in Nhon Trach district, which has 8 industrial zones attracting many foreign and domestic investors who have high demand on heavy duty transportation”. – Said Mr. Ngo Minh Thuan – Deputy Director of Sai Gon New Port Company. Logistics is a sector that attracts many foreign and domestic investors to Dong Nai and is said by some enterprises to be an interesting sector with really high potential.

Huong Giang

 

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