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Dong Nai strongly focuses on industrial development

In the next 5 years, Dong Nai is expected to continue to focus on industrial development. The goal is to increase the ratio of industry - construction and services and reduce agriculture - forestry - fisheries. The province will attract selective investment in the industrial sector for quality projects with high added value.
 

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Production of clothes for export at Dong Tien Joint Stock Company in Amata Industrial Park

Over the years, the provincial industry has made a great contribution to the economic development of the locality as well as the whole country. Currently, Dong Nai is one of the leading provinces in the country in industrial development.

*Attracting quality projects 

 According to Chairman of the Provincial People's Committee Cao Tien Dung, in the coming time, Dong Nai will continue to focus on industrial development. However, in the period of 2021 - 2025, the province will attract high-quality and high-added value projects towards a green industry. Environment continues to be the priority for protection by the province.

By the end of 2020, the construction industry accounts for 61.72%; services account for 29.98%; and agriculture, forestry and fishery achieves 8.3%. The province is expected to continue increasing the proportion of industry, construction, services and reducing agriculture, forestry and fisheries. The average annual growth rate of industrial production is about 8.5-9%, particularly in 2020, due to the impact of the Covid-19 pandemic, the growth rate reaches 6.2% (2 times higher than the national average rate). The production value of Dong Nai industry by the end of 2020 is VND 709 trillion, an increase of nearly 1.6 times compared to 2015. In which, its high-tech industry is nearly 61.2 trillion VND, accounting for nearly 6% of the total production value of the whole industry of the province.

 Mr. Le Van Danh, Deputy Head of Dong Nai Industrial Zones Authority, said: “Dong Nai is ahead of many provinces in the country in attracting investment in the industrial sector. From more than 10 years before, the projects with a high risk of pollution were rejected by the province. The province prioritizes selection of projects in the field of supporting industries, with modern technology and friendly with the environment. In the coming time, Dong Nai is expected to keep selecting modern technology projects with low labor use and high added value”.  

* Planning for many industrial zones 

According to the new industrial park planning approved by the Prime Minister, Dong Nai has nearly 7.1 thousand hectares of industrial land. The province will give priority and efforts to complete dossiers and invest in technical infrastructure to attract FDI and domestic enterprises to invest in. With the existing foundation, it is expected that in the period of 2021 - 2025, Dong Nai will make breakthroughs in industrial development.

The majority of large corporations in the world have been present in Dong Nai such as Hyosung, Formosa, CP, Amata, Forval, Fujitsu, Chang Shin, Kenda, Cargill, Ajinomoto, Meggitt, Bosch, Schaeffler and so forth. Other multinational corporations are also planning to invest in Dong Nai. The province is a major supplier of supporting industrial products to many domestic and export enterprises. This is a requirement of the Government in industrial development, to be proactive in input, increase localization of products, and take advantage of opportunities for tax incentives brought about by free trade agreements.

 Mr. Ahn Seong Ho, Commercial Counselor and Consulate General of the Republic of Korea in Ho Chi Minh City advised: “Many Korean corporations and enterprises are looking forward to new investment and expand production in Dong Nai. However, the investment is facing some difficulties due to the Covid-19 pandemic and has been slowed down. In the coming time, when the pandemic is well controlled and travelling gets convienient, there will be a wave of Korean businesses investing in Dong Nai”.

In the 2016 - 2020 period, the province attracts about 8.86 billion USD of FDI; the amount of the next five years is likely to surpass 10 billion USD. The province's goal in the next 5-10 years is to apply science, technology and innovation to keep Dong Nai's economy growing and be one of the leading provinces in the country in terms of growth, budget revenue, export, FDI attraction, etc.

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