Foreign Direct Investment (FDI) attraction in Dong Nai

According to figures revealed by Dong Nai Industrial Zones Authority (DIZA), the province has so far during a month from July 15 to August 15 licensed 11 new FDI projects worth a total US$ 27,106,835 while 12 existing projects were approved to increase their investment with a total combined capital of US$ 26,260,000.

* More foreign investors to Dong Nai

To date, Dong Nai has attracted foreign investors from 30 countries and regions. Especially, massive arrival of foreign investors from Japan and other emerging markets around the world to Vietnam has been increased significantly. They expanded their presences in the country through establishing branch offices, factories …. Political stability and favorable investment environment have made Vietnam “a great destination” for foreign investment.

Dong Nai lured US$ 210 million more in foreign direct investment with 80 newly-licensed FDI projects in the first eight months of 2005 meanwhile investment in 70 existing projects was increased with total additional capital of US$ 340 million. The province has to date attracted 718 investment projects totaling US$ 7.22 billion. The sum included more US$ 6.8 billion from 560 FDI projects. According to an assessment made by Vice Chairwoman of the Provincial Peoples’ Committee Dang Thi Kim Nguyen, flows of new FDI projects have been not larger than those of investment projects underway. The additional capitals hit record high, boosted by foreign companies operating in the province such as Vedan, Ajinomoto, Fujisu, Nestlé, Houlon, Taicera, Tainan, Sanyo, Suzuki…. This has demonstrated that investors enjoy the benefit of running a successful business in Dong Nai.

* The time not wait for us

Presently, too many foreignbased companies have made efforts including boosting their production capacity and stepping up marketing in preparation for expansion into international markets when Vietnam is going to integrate into AFTA and join WTO. In addition, Dong Nai places a high priority on infrastructure and services investments that enable the province to move rapidly toward welcoming new foreign investment worldwide. At the same time, the province accelerates further public administration reform and create more favorable conditions for investors to come here. Accordingly, Dong Nai is widely seen as a very promising and profitable market for both domestic and foreign investors.

Kim Loan