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Expectations for attracting investment in 2022

In 2022, Dong Nai still expects to attract better foreign direct investment (FDI) than the previous year. It is estimated that if the infrastructure of some Industrial Zones completed and land is available for rent to enterprises, the province will have a breakthrough in attracting investment.

 

According to the Department of Planning and Investment, the 2022 plan to attract FDI in Dong Nai is about US$1.1 billion. The Industrial Zones (IZs) in the area will attract about US$700 million and the area outside the Industrial Zones will attract US$400 million. However, the possibility that FDI inflows into the province will exceed the plan.

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Nhon Trach 2 Industrial Zone (Nhon Trach District) has been filled

Quickly complete the construction of Industrial Zones infrastructure

In 2021, attracting investment into Industrial Zones in Dong Nai faced two major difficulties: the Covid-19 epidemic causes a long time of social distancing, and the leased land area in Industrial Zones is very small. However, the province's investment attraction target still achieved early. This year, the province is expected to complete land procedures soon so that investors can complete infrastructure for secondary enterprises to lease land for production and business factories.

Mr. Le Van Danh, Deputy Head of Dong Nai Industrial Zones Authority said: “The province is trying to support infrastructure enterprises by quickly solving procedures related to land and construction to soon complete the infrastructure of Long Thanh Hi-tech Industrial Park (Long Thanh District) and a number of Industrial Zones to expand the area. With a large area of ​​industrial land for lease, the province will attract huge capital sources of FDI enterprises and Vietnamese enterprises, so exceeding the year’s target planned is possible.”

So far, Dong Nai has established 32 Industrial Zones, of which 31 Industrial Zones are operating, 1 Long Thanh Hi-Tech Industrial Zone is in the process of compensation for site clearance and implementation of land procedures for infrastructure construction. Besides, there are many Industrial Zones undergoing expansion such as Amata, Giang Dien, Ho Nai, Song May, Ong Keo, and Dinh Quan.

Mr. Nguyen Hoang Nguyen, Head of Land Management Department of Amata Long Thanh Urban Joint Stock Company, said: “The company is an investor in infrastructure of Long Thanh Hi-tech Industrial Park. Currently, the company is rushing to complete the procedures for land to build infrastructure, it is expected that by the end of this year, there will be about 40 hectares for businesses to rent as a production plant. According to Mr. Nguyen, over the past time, some FDI enterprises have come to learn about Long Thanh Hi-tech Industrial Park and proposed to rent a large area of ​​land to implement projects ranging from a few hundred to nearly US$1 billion. Therefore, if there is an early site for quick infrastructure construction, it will receive a large and high-quality capital flow of FDI enterprises into the industrial park.

Will come to the province to invest

Mr. Hiroyuki Ichil, General Director of Long Duc Investment Company Limited (Long Thanh) shared: “Long Duc Industrial Zone Infrastructure Investment Company is quite successful, attracting many FDI enterprises to invest in and now the IZ is full of investors. Therefore, the company is researching and really wants to participate in investing in more infrastructure of other Industrial Zones in Dong Nai to have land for secondary enterprises to rent. In the past time, many Japanese and FDI enterprises have suggested to the company that they want to make new investment and expand production if there is industrial land for lease.

According to businesses, investing in Dong Nai's Industrial Zones is very convenient because the province is the traffic hub of the Southern Key Economic Zone, transporting goods by road, waterway, railway and by air in the coming time. Goods produced in Dong Nai can be transported to other provinces and cities in the country. Exporting will shorten transportation time and costs. Therefore, if the province quickly completes the procedures, documents, invests in Industrial Zone infrastructure, and has land available for lease, there will be many FDI enterprises and domestic enterprises coming to the province to make investment.

Mr. Park Hyun Bae, Chairman of the Association of Korean Enterprises in Dong Nai said: "So far, Korean enterprises have invested in Dong Nai over US$7 billion and it is expected that this year and the coming years will continue to continue to increase, when the Covid-19 epidemic goes over, travel between the two countries will become convenient. If Dong Nai invests in completing the infrastructure of Industrial Zones with large areas for lease, many Korean corporations will register to invest in the province.

Dong Nai is a place with many opportunities in attracting investment in the industrial sector. However, if the province wants to receive large and high-quality capital flows from businesses, it must quickly complete the procedures to have premises for rent.

                                                                                             Vi Quan     
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