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FDI inflows accelerated into Dong Nai

Dong Nai is expected to attract 700 million USD of FDI (foreign direct investment) into industrial zones in 2021. However, by mid-January, 2021, FDI enterprises have invested nearly 230 million USD in the province. It is expected that this year, the province will attract a lot of FDI in all fields.


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Provincial leaders in a souvenir photo with foreign investors.

 According to Dong Nai Industrial Zones Authority, by mid-January 2021, industrial zones in the province will have attracted nearly 230 million USD. In which, there are 3 new FDI projects with a total capital of 190 million USD and 8 capital raising projects with nearly 40 million USD.

* Supporting industry to welcome large capital

 The FDI projects that Dong Nai has just attracted and raised capital mostly in the field of supporting industries. This is an industry prioritized to call for investment to increase the localization of products by the province as well as the whole country. In the complicated development of Covid-19, the FDI inflows in the province since the beginning of the year have flourished, which is a good sign in attracting investment and economic development.

All three new FDI projects have modern technology and are friendly with the environment. Mr. Kim Byunggi, General Director of Hansol Electronics Vietnam Hochiminhcity Co., Ltd (100% Korean capital) said: “After investing in a production plant in Amata Industrial Park quite effectively, the company decided to invest in one more new project in Ho Nai Industrial Park phase 2 with a total capital of 100 million USD. It is expected that in early 2022, the new factory will be completed and put into operation with a capacity of 10.8 million products/ year. The business lines to be produced is outsourcing and assembling liquid crystal display modules, and electronic circuit boards”. According to Kim Byunggi, the company will apply 4.0 technology in production to reduce labor and increase productivity and quality to meet foreign customers' high requirements. The company's products are supplied to Samsung Group and exported to many countries around the world.

Mr. Masato Kataoka, General Director of Ojitex Vietnam (Japan) Co., Ltd shared: “Ojitex Vietnam Co., Ltd belongs to Oji Paper Group; this is the second project to have been invested in Dong Nai. The first project is in Bien Hoa 2 Industrial Park and the second is in Loc An - Binh Son Industrial Park (Long Thanh District). The factory in Long Thanh District with a total investment of 60 million USD will focus on packaging and printing with a capacity of 78 thousand tons/ year. The products are supplied in the domestic and foreign market”. Oji Paper Group is a leader in the global forestry, paper and packaging industry, and is a strong brand in the field of thermal printing paper production in Japan.

The third new project belongs to Platel Vina Co., Ltd of Intops Corporation of Korea. This group has been Samsung's number one supplier for more than 30 years. Platel Vina Co., Ltd's project is invested in Amata Industrial Park (Bien Hoa City), with a total investment of 30 million USD. The company produces electronic equipment covers, and electric and electronic components from plastic materials, with a capacity of 400 tons of products/ year.

 * Dong Nai - an attractive destination 

 A number of consulates and foreign business associations in Dong Nai all affirmed that in 2021, they will continue to expand investment in the province in the industrial sector and other fields such as logistics, real estate, and infrastructure.

Mr. Watanabe Nobuhiro, Consul General of Japan in Ho Chi Minh City said: “It is really convenient for Japanese enterprises for new investment and expand production in Dong Nai. The province's investment environment has been increasingly promoted in the direction of shortening the time and procedures for businesses, so in 2021 and the following years, Dong Nai will continue to be the place chosen by many Japanese enterprises”.

Currently, Korea is still leading among countries and territories investing in the province with a total registered capital of over 6.8 billion USD. New investment projects or raising capital are in the industries prioritized for calling.

According to Ahn Seong Ho, Commercial Counselor of the Consulate General of the Republic of Korea in Ho Chi Minh City, Korean enterprises have invested in Dong Nai successfully, so many large Korean corporations are present in Dong Nai. After several years of investment in the province, many corporations have increased their capital by 2-3 times compared to the initial amount. Currently, Dong Nai has expanded and invested in a number of industrial parks with a large area of land, which will be an opportunity for Korean businesses to invest in the province.

 Up to now, Dong Nai has 38 industrial zones planned by the Government and expanded a number of industrial parks such as Amata, Ho Nai, Dinh Quan, Dau Giay and so forth. The industrial land area will increase by thousands of hectares. In addition, the transport infrastructure in the province is built, connecting areas and regions, to create conditions for many FDI investors to choose Dong Nai as a place of investment. 

Vi Quan

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