Mobilizing resources for economic development in the period of 2021-2025

Long Thanh district needs a large capital for infrastructure investment.

According to the Provincial People’s Committee, in 2021, the province’s plan is to mobilize resources, contribute to socio-economic construction about 100.3 trillion VND.

*Land advantage

Dong Nai is considered as a potential area for economic development with the advantage of bordering Ho Chi Minh City, and is a transport hub of the Southern key economic region connecting with the Central Highlands and the West. Besides, Dong Naihas large natural land area with 586,362 hectares, of which, agricultural land area is 463,757 hectares, accounting for 79.09%; Non-agricultural land area is 122,595 hectares, accounting for 20.91% ...

Because Dong Nai is identified as an industrial province, in recent years, the Government agreed to allow the province to convert tens of thousands of hectares of agricultural land into non-agricultural land to implement projects in the fields of industry and technical infrastructure. By the end of 2020, the Government approved Dong Nai to add 3 more industrial zones with an additional area of ​​nearly 6.5 thousand hectares. In the period of 2021-2030, Dong Nai has included more areas planning of industrial land, technical infrastructure, commercial services, residential areas, tourism, and energy.

Chairman of the Provincial People’s Committee, Mr. Cao Tien Dung said: “In the next 5 years, industry will still be the core development area of ​​the province. Therefore, the province has requested localities to review and have appropriate economic development orientations to calculate and incorporate in the appropriate land use planning for the period of 2021-2030. Planning close to the local economic development needs and foresight will be very favorable for calling for investment and implementing projects in many fields”.

Currently, districts and cities in the province have basically completed the land use planning for the next 10 years and are waiting for approval. Most of the districts, Bien Hoa City and Long Khanh City spend a lot of land funds for the development of projects in the fields of transport infrastructure, residential areas, industry, trade services, tourism, education and medical…

*Require large capital projects

In the period of 2021-2025, only for technical infrastructure, Dong Nairequires a capital source of more than 3 billion USD to invest in construction to meet the development needs of localities and create breakthroughs for socio-economic development.While public investment capital for the province for the whole period is not much, only meeting more than 60% of the demand, the rest of the province plans to exploit from advantageous land funds to invest in infrastructure projects.

Director of the Department of Planning and Investment, Mr. Ho Van Ha shared: “The province will prioritize capital to implement traffic infrastructure projects to connect with Long Thanh International Airport, highways, and ring roads to facilitate benefit for economic development in localities. The open roads will attract many domestic and foreign investors to implement projects in many fields”.

Some enterprises said that in the year 2021 and the coming years, the fields in Dong Nai are paid attention by investors and are willing to spend tens of millions to hundreds of millions USD to implement industrial projects real estate, logistics. For example, at the end of 2020, STC Golden Land Real Estate Joint Stock Company (Hanoi) spent more than 1,626 billion VND to buy a land of more than 23 hectares at Binh Son commune (Long Thanh district), Real Estate Joint Stock Company The US (Hanoi) spent 1,229 billion VND to own a 21.3 ha land in Bao Vinh ward (Long Khanh city) to invest in a complex of commercial and apartments. It is expected that the above companies will invest trillions VND to build residential areas and high-rise apartments.

According to Mr. Yu Hie Min, General Director of Platel Vina Co., Ltd, a company belonging to the Intops Group of Korea, after investing in Ho Chi Minh City for a while, Intops Group found Dong Nai to be very favorable for distribution. Industrial development, early January 2021 invested about 30 million USD project to build a factory to manufacture electrical and electronic components for Samsung Group.

Recently, Long Thanh international airport has been started, highways such as Dau Giay- Phan Thiet, Ben Luc- Long Thanh, Bien Hoa-Vung Tau, Cat Lai bridge... are given priority in capital and human resources for rapid deployment in the period 2021-2025. That will be an advantage to increase the attraction for Dong Nai to domestic and FDI enterprises. The remaining problem is that the province shall prepare enough conditions for investors to put in capital to quickly implement projects. The investment environment is good resulting to the mobilization of capital investment resources for socio-economic development in Dong Nai will be more favorable and may be reach higher achievementthan planning.

Vi Quan