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Dong Nai: Attracting nearly $920 million in investment capital into industrial parks

From the beginning of the year to mid-May 2024, investment attraction in industrial parks (IPs) in Dong Nai province exceeded the 2024 plan with a total capital of nearly $920 million.

According to information from the Dong Nai Industrial Zones Authority, in the total capital attracted to IPs in the area by mid-May 2024, foreign investment was $834 million, reaching 119% of the 2024 plan and domestic investment was over VND2 trillion (equivalent to $82 million).

Specifically, for foreign investment, there were 40 new investment projects with a total investment capital of $519 million and 39 projects increasing capital to expand production with a total capital increase of $315 million. For the domestic investment sector, there were 7 new investment projects and increased capital.

Thus, after just over 4 months of 2024, Dong Nai has achieved and exceeded the target of attracting investment to industrial parks in the province. Newly attracted projects are mainly in the fields of manufacturing semiconductors, electrical and electronic components; mechanical engineering; textiles; and manufacturing products from precast metal...; ensuring criteria on advanced technology; in line with the province's investment attraction policy.

Among the investors in Dong Nai in the first 5 months of the year, Singapore took the lead with an investment capital of $231.7 million with 9 projects (accounting for 44.63% of the total newly attracted investment capital and 22.5% of the total number of attracted projects). For domestic investment, by mid-May, IPs in Dong Nai had attracted VND2,050 billion (reaching 103% of the 2024 plan).

Thus, by mid-May 2024, attracting both domestic and foreign investment to IPs in Dong Nai has exceeded the 2024 plan. A series of investors have come to Dong Nai to propose projects, which promises that investment attraction in Dong Nai will continue to flourish in the coming time.

2023 is a difficult year for businesses due to the impact of the unstable world situation. However, the investment attraction situation in Dong Nai IPs achieved relatively positive results, exceeding the set target (reaching $1.2 billion compared to $700 million as planned), reaching 172.2% of the 2023 plan and increasing by 14.3% over the same period in 2022. ​

Of the total 93 new investment projects in Dong Nai province in 2023, there are 79 foreign-invested projects with a total investment capital of $467.13 million and 14 domestic projects with a total investment capital of more than VND1,913 billion.



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