Dong Nai ranked in the Top 6 leading provinces and cities nationwide in FDI

After more than half a century of industrial development, Dong Nai has been ranked in the Top 6 leading provinces and cities nationwide in terms of economic development, budget revenue, and foreign investment attraction (FDI). Dong Nai is considered one of the first places for industrial development in Vietnam.


Source: thanhniennews


According to the plan, Dong Nai has nearly 39 industrial parks (IPs) and 27 industrial clusters. Currently, there are 32 industrial parks established and 31 industrial zones put into operation, the occupancy rate is nearly 86%. Industrial zones attract more than 2,000 projects of enterprises with domestic investment capital and FDI capital.


Invest majorly in industrial zones


In 1963, the first industrial zone of the province was established is Bien Hoa 1 with an area of over 300 hectares and this is the earliest industrial zone in the South. Before 1975, Bien Hoa 1 Industrial Park was called Bien Hoa Engineering and Technology Zone and had 94 factories and enterprises operating. After the liberation of the South, the revolutionary government took over and named it Bien Hoa 1 Industrial Park, there were 76 enterprises producing consumer goods, chemicals, building materials, assembling machinery, electricity and electronics... In 2008, the province decided to convert the function of Bien Hoa 1 Industrial Park to protect the environment.


From 1994 until now, Dong Nai began to "speed up" the development of a series of industrial zones in Bien Hoa City and other localities to meet the demand for shifting production from agriculture to industry for efficient use of land, creating more jobs for workers locally and throughout the country. Besides, contributing to the development of trade and services, exports, increasing revenue for the state budget.


Many industrial zones of the province were established in turn and attracted secondary investors such as: Amata, Bien Hoa 2, Go Dau, Loteco, Ho Nai, Song May, Nhon Trach I, Nhon Trach II, Nhon Trach III, Long Thanh, Tam Phuoc… “Up to now, all districts and cities in the province have industrial zones, creating jobs for nearly 620 thousand workers inside and outside the province. By the beginning of August 2022, FDI enterprises, enterprises with domestic investment capital have invested in industrial zones of the province more than USD 31 billion. Localities with many industrial parks are Bien Hoa, Nhon Trach, Long Thanh, and Trang Bom cities," said Mr. Pham Van Cuong, deputy head of the Dong Nai Industrial Zones Authority.


Currently, the province's industrial parks attract about 43 countries and territories to invest in industrial production with many industries such as computers, electronics and components; textile; footwear; mechanical engineering; machinery, equipment, tools and spare parts; means of transport and spare parts; wooden product; food processing, agricultural products; textile fibers… Particularly, FDI enterprises in Dong Nai's industrial zones contribute more than USD 1 billion to the state budget each year.


Dong Nai be ahead in attracting investment


Dong Nai's goal is to become a modern industrial province and a leading industrial center of the country. Over the years, Dong Nai has always maintained a good growth rate of the industrial production index and the next year is 7.5-9% higher than the previous year. The industrial production value of the whole province in 2021 will reach more than VND 700 trillion, 1.5 times higher than 2015.


Dong Nai has been ahead of the country in selectively attracting investment. The province has a priority policy to attract investment in high-tech industries, promote the development of supporting industries, and gradually restructure linkage chains to serve industrial production in a more sustainable way. Avoid relying too heavily on one or a few partners. At the same time, arrange the development of industries to ensure sustainable efficiency, including determining the reasonable space between the production site and the safety of the ecological environment, between the production area and the civilian.


According to Mr. Luc Van Thuy, Head of Commercial Management Office (Department of Industry and Trade), in the period of 2020-2025, the province's plan strives to achieve an average growth of industrial production value of 7-9% per year, equivalent to industrial production index increase. On that basis, promoting export expansion will increase by about USD 1.4 billion per year on average to reach USD 27.5 billion by 2025, suitable to the actual situation, ensure the feasibility in the process of socio-economic development of Dong Nai in the coming years. In the past 3 years, the Covid-19 epidemic has severely affected industrial production, but businesses in the province still make efforts to restore production and export. Dong Nai is still a province with high trade surplus over the years.


The province's goal is to continue to develop industry, so the province has planned to add more industrial parks to meet the needs of domestic and foreign investors. Many FDI corporations have planned in upcoming time to continue to make new investments and expand investment in the province in the industrial field.


Mr. Ken - Ichiro Abe, Head of the Japanese Business Association in Dong Nai said: “Japanese enterprises are ranked third among countries and territories investing in Dong Nai in the industrial field. In particular, the majority of Japanese enterprises invest in supporting industries and have modern technology, in accordance with the fields and requirements of the province. Mostly, Japanese enterprises have invested in the province very successfully, so in the coming time, Dong Nai will continue to be a destination for many Japanese enterprises. The branch through the Kansai desk supports information, documents and procedures for Japanese enterprises to shorten time and costs when investing in the province.


Source: dongnai.gov