Dong Nai “opens its door wide” to welcome high-tech investors

Dong Nai Province is accelerating efforts to improve its investment environment, aiming to attract high-tech, environmentally friendly, and sustainable projects.

Modern machinery systems are used in the production of automotive components at Vietnam Precision Industrial Joint Stock Company (located in Ho Nai 3 Industrial Park, Ho Nai Ward, Dong Nai Province). Photo: Ngoc Lien

Ranked as the fourth-largest economy in the country and one of the leading localities nationwide in attracting foreign direct investment (FDI), Dong Nai has recorded over USD 51 billion in registered capital and housed nearly 2,200 active projects. The province continues to expand its industrial parks (IPs) to welcome more investors, particularly those in the high-tech sector.

Attracting high-tech investors

Dong Nai recently hosted the inauguration of Coherent Vietnam's factory in Nhon Trach 1 Industrial Park. The project has an initial investment capital of USD 127 million. This event has drawn significant public attention as it represents an FDI project from Coherent, a world-leading American high-tech and semiconductor corporation.

The Coherent Vietnam factory is one of three high-tech projects for which Coherent has received investment licenses from Dong Nai provincial government in 2024, with a total expected capital of nearly USD 1 billion. These projects, located in Nhon Trach 1 and Nhon Trach 2 industrial parks, include: Silicon Carbide Semiconductor Manufacturing, Advanced Optics, and M-Cubed – a facility for metrology, inspection, and semiconductor component production.

Gan YC, Director of Coherent Vietnam, shared that Coherent aspires to build a world-class manufacturing and innovation hub that reflects Coherent's future vision. The factory has been designed with scalability, flexibility, and sustainability in mind to meet the growing global demand for advanced technologies. With smart manufacturing systems and a high-quality local workforce, the factory aims to strengthen the supply chain, reduce delivery times, and better serve key markets across Asia.

Apart from Coherent Group's inauguration event, Dong Nai has recently welcomed a number of other high-tech FDI projects, including the Kingfa Science & Technology (Vietnam) Company, a subsidiary of China's Kingfa Group, located in Long Thanh High-Tech IP with a registered capital of USD 80 million. Kingfa is one of the world’s leading suppliers of advanced polymer materials, providing a superior range of products globally. Additionally, SMC Manufacturing Vietnam Co., Ltd. (Japan) in Long Duc IP, Binh An commune, which specializes in the production and assembly of automation control equipment, has increased its investment, bringing its total capital in Dong Nai to nearly USD 1 billion.

According to Nguyen Minh Chien, Deputy Head of the Management Board of Dong Nai's Industrial Parks and Economic Zones, the province currently has 81 industrial parks planned, covering over 39,000 hectares. Of these, 59 industrial parks have received establishment decisions, spanning more than 21,700 hectares. Among them, 43 industrial parks have leased over 7,600 hectares, equivalent to approximately 73.7% of the total leasable land area (over 10,000 hectares).

Creating the optimal environment for investors

FDI investors consistently affirm that Dong Nai offers a superior business environment, with strategic geographic advantages and well-developed industrial infrastructure. Enterprises view Dong Nai as a prime and reliable investment destination.

In meetings with enterprises and foreign diplomatic missions, Dong Nai's provincial leaders are consistently committed to supporting businesses and creating the most favourable conditions for efficient, effective, and sustainable project implementation. The province is committed to removing investment barriers, streamlining procedures, boosting competitiveness, and fostering sustainable development between businesses and the local community.

Most recently, at a meeting with Japanese enterprises, member of the Provincial Party Committee, Vice Chairwoman of the Dong Nai People's Committee Nguyen Thi Hoang shared that with the upcoming completion of Long Thanh International Airport (scheduled for 2026) and the improving regional transport infrastructure, Dong Nai is poised to become a strategic logistics and manufacturing hub in southern Vietnam. The province possesses five key modes of transport, including road, air, rail, sea, and inland waterways. Notably, Long Thanh International Airport spans 5,000 hectares with a designed capacity of 100 million passengers and 5 million tonnes of cargo annually, making it one of Southeast Asia's largest infrastructure projects and a powerful driver for attracting investors to Dong Nai.

Commenting on Dong Nai's FDI attraction strategy, Deputy Prime Minister Nguyen Chi Dung called for the swift consolidation of local government structures and focused implementation of socio-economic development tasks to unlock the province's full development potential following administrative mergers.

Furthermore, the Deputy Prime Minister urged Dong Nai to continue improving its business and investment climate, aiming for greater transparency, stability, and alignment with international best practices. He stressed the importance of administrative reforms, digital transformation, and the effective implementation of a two-tier local government model. He also highlighted the need to invest in synchronous transport infrastructure and develop a high-quality workforce, particularly in the fields of semiconductors and artificial intelligence.

Deputy Prime Minister Dung further emphasized the necessity of preparing clean land funds and adequate infrastructure to attract strategic investors. He called for maintaining effective dialogue mechanisms with enterprises and investors, promptly addressing and resolving any difficulties or obstacles they may face.

By Ngoc Lien-Translated by My Le – Thu Ha