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FDI promotes the sustainable economic development

Dong Nai has been a leading province nationwide in selectively attracting foreign direct investment (FDI) to promote the sustainable economic development. This trend is being interested by many countries and territories because it helps develop a green economy.


 

a7.jpgManufacture of candles for export at Fleming Vietnam International Co., Ltd in Amata Industrial Park (Bien Hoa City)


Up to now, FDI enterprises have invested more than US$33 billion in the province, mainly in the field of industrial production. In which, many FDI enterprises are very interested in the green economy and have a sustainable production transformation.

 

Many factories have modern technology

In recent years, new attracting FDI projects in the province have mostly had modern, environmentally friendly technology, using less labor in accordance with Dong Nai's requirements. The above capital flow contributes to economic development and creates jobs with stable income for people inside and outside the province. Ms. Vu Quynh Nhi, Head of Administration and Human Resources Department of Fleming Vietnam International Co., Ltd. in Amata Industrial Park, Bien Hoa City said: “Nearly 100% of the company's products are exported to the U.S. and European markets. This is thanks to the continuous investment in the application of advanced machinery and technology in many production stages, so the products are made with high quality. Currently, the company is completing procedures to invest in a new factory applying high technology for production and export.

 

Currently, the new factories of FDI enterprises in Dong Nai mostly apply advanced technology of the world such as: Nestlé Vietnam Co., Ltd., Kaneko Vietnam Co., Ltd., Hansol Electronics Vietnam Ho Chi Minh City Co., Ltd. Meggitt Vietnam Co., Ltd., Schaeffler Vietnam Co., Ltd., Alltech Vietnam Co., Ltd., Hyosung Vietnam Co., Ltd, etc. Mr. Pham Van Cuong, Deputy Head of Dong Nai Industrial Zones Authority said: “The new or expanded projects of FDI enterprises in the Industrial Zones in the province have modern and environmentally friendly technologies. In attracting investment, the province prioritizes high-tech, low-polluting projects to contribute to the sustainable development of the province's industry.

 
*Commitment to use the clean energy

The trend of consumers is increasingly demanding that the product must be organic, the production process must be environmentally friendly. Accordingly, many multinational corporations have pledged to use clean energy, renewable energy, and reduce emissions. Therefore, FDI enterprises also require enterprises that supply their input products to have a roadmap to convert production from brown to green to adapt to climate change towards green transition in the process of economic recovery after the Covid-19 pandemic.

 

Mr. Nguyen Thanh Minh, Head of Human Resources Administration, Action Composites Hightech Industries Co., Ltd. in Nhon Trach 3 Industrial Zone, phase 2, Nhon Trach District said: “The company specializes in manufacturing all kinds of components for different lines. High-class cars and motorbikes should use 4.0 technology in many stages of goods production. The company's goal is to develop sustainably in Vietnam, continue to expand investment in production lines to bring to market new high-quality products."

 

According to Ms. Ha Thu Thanh, Vice Chairperson of the Business Council for Vietnam's Sustainable Development, high-quality FDI inflows play a very important role in greening our country's economy. Vietnamese enterprises that want to participate in the supply chain of FDI enterprises are also forced to switch to safe and sustainable production. Turning to a green economy, businesses will overcome the pressure from the import-export market and take advantage of new-generation free trade agreements. Switching to a green production process also helps enterprises' products move to a higher price segment and not be left behind in participating in the global market.

Vi Quan

 
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