In 2020, despite many difficulties, Dong Nai has promptly introduced solutions to restore the economy. In many fields, its growth rate is still higher than the national average, creating a premise for economic development in 2021.

Exported clothing production at Dong Tien Joint Stock Company in Amata IP (Bien Hoa City).

By 2020, the total product value in Dong Nai (GRDP) increases 4.44% over the same period last year, 1.53% higher than the national average. Dong Nai’s high growth rate of GRDP has contributed greatly to the economic growth of the Southern Key Economic Region. The per capita income of this province is VND 115 million, equivalent to USD 4,952, the whole country is USD 2,202.

*Outstanding results in 2020

Although heavily affected by the Covid-19, Dong Nai’s industry recovered quite quickly. The value of industrial production in 2020 will increase by 6.2% (nationwide 3.35%) compared to 2019. The agriculture-forestry-fishery sector remained its growth rate of 3.17% (nationwide increased by 2.82%). Budget revenue achieved over VND 54.2 trillion, reaching 102% of the assigned estimate.

Besides, some other indicators such as total investment capital for social development, the number of communes meeting the standards of newl rural areas, new model countryside, attraction of domestic investment, attraction of foreign direct investment (FDI), foreign investment capital disbursement, all exceeded the set plan.

Director of Department of Planning and Investment Ho Van Ha said: “Domestic investment attraction in 2020 was VND 29 trillion, reaching 290% of the year plan, FDI was about USD 1.2 billion, exceeding 20%. Many establishments still find opportunities in difficulties, so there are 4,050 newly registered enterprises, an increase of 6% over the same period and the total registered capital is estimated at VND 58 trillion. Up to now, the province has over 41,000 registered enterprises”.

In 2020, the Southern Key Economic Region has an economic growth rate of about 1.89% compared to the previous year. In which, Dong Nai ranked third after Binh Duong and Binh Phuoc. The above results will create momentum in the coming year and the period of 2021-2025 for further development.

Mr. Watanabe Nobuhiro, Consulate General of Japan in Ho Chi Minh City assessed: “Dong Nai is a place with great potential for industrial development in 2021 and the following years. Because this province is a major center of industry and transportation in the region, investing in the province will make it easier for Japanese businesses to succeed. Therefore, in 2020, despite an epidemic, Japanese enterprises will still increase their investment capital in Dong Nai by an additional USD 225 million”.

*Acceleration from early 2021

In the meeting to assign the plan targets in 2021, PPC Chairman Cao Tien Dung directed that 2021 is the first year of implementing the 5-year socio-economic development plan task 2021-2025, all levels and branches must well implement breakthroughs social economic development. In particular, it is necessary to focus on mobilizing resources, effectively investing in technical infrastructure works, improving the quality of public services to serve the people’s lives; Create a strong development step in investment in key projects with great spillover effects, especially the Long Thanh International Airport. Meanwhile, the province will focus on training high-quality human resources for economic development.

Dong Nai will continue to implement solutions to improve its business investment environment in order to improve the provincial competitiveness index and the administrative reform index at the provincial level. The goal is to create favorable conditions for businesses and people to carry out administrative procedures, especially in priority areas such as agriculture, rural areas, export, investment attraction, start-ups.

Transport infrastructure connection investment has been identified as a solution to create a breakthrough for the economic development of Dong Nai. Therefore, in 2021, Dong Nai will give priority to capital and human resources to quickly execute important projects. Public investment capital for Dong Nai in 2021 is over VND 35.1 trillion, only Long Thanh International Airport is nearly VND 22.86 trillion. The localities that will deploy many transportation projects are Long Thanh, Nhon Trach districts and Bien Hoa city. In addition, the province plans to mobilize resources from people and businesses over VND 100.3 trillion to invest in construction, production and business development.

Vice Chairman of Nhon Trach District People’s Committee Nguyen The Phong said: “In 2021, our district will coordinate with the province and investors to accelerate the progress of important projects in the area to soon complete and put into operation such as: Ring Road 3, Ben Luc-Long Thanh Expressway, inter-port road, road 25C, etc. In which, our district mainly take the work of compensation and site clearance ”.

Vi Quan