(ĐN)- Dong Nai is a reliable destination foreign investors due to the local policies to attract investment. In 2016, the province remains the country's third-biggest receiver of foreign direct investment (FDI), with more than US$2 billion poured into the locality, two times higher than the set yearly target.
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| Chairman Dinh Quoc Thai hands investment certificate to investor. |
(ĐN)- Dong Nai is a reliable destination foreign investors due to the local policies to attract investment. In 2016, the province remains the country’s third-biggest receiver of foreign direct investment (FDI), with more than US$2 billion poured into the locality, two times higher than the set yearly target.
Dong Nai’s success was to lure FDI in hi-tech and environmentally friendly projects and those in the support industry.
The province has been in favour with big corporations such as Amata, CP, Vision, Hyosung, Changshin, Taekwang Vina, Fujitsu, VPIC, Kenda, Pouchen, CJ, Masan, Hoa Phat, etc thanks to its friendly investment environment and convenient transportation.
Chairman Zhang Hua Nong of Vision said that the corporation selected Dong Nai as an investment location because of the locality’s preferential policies and favourable location. In 2016, the corp pumped US$60 million for a factory in Nhon Trach district. In the coming time, the corp will continue increase capital to expand production, meeting its export target.
Last year, the Republic of Korea became the top investor among the 44 countries and territories investing in Dong Nai with a total capital of more than US$5.5 billion. Many RoK investors are support industrial enterprises for the textile and garment. Most of them have operated effectively and contributed significantly to local socio-economic development. Chairman Kim Tae Hyun of Dongwon Textile VN in Nhon Trach 6 industrial park shared that his company is building a US$60 million factory which would produce 20,000 tonnes of cotton per year. The factory, expected to be put operation in the middle of 2017, will provide jobs for nearly 1,000 laborers.
Japan remained the second biggest investor in Dong Nai. Many new Japanese investors continue to show interest in the province while those have already invested want to maintain or expand their business, according to General Director Nakatomi Kazuhide of Hisamitsu Corp.
In recent years, Dong Nai`s leaders have received many Ambassadors and Consul Generals from different countries paid official visits to the province to further tighten the relationship and eye investment opportunities in the locality. At the receptions, most of the guests affirmed that Dong Nai is an attractive destination to foreign investors.
According to Indian Consul General in HCM city Smita Pant, Dong Nai possesses a lot of favorable conditions to draw investment, including convenient transportation and simple and time-saving administrative procedures. Presently, many Indian enterprises are willing to run their businesses in Vietnam generally and Dong Nai particularly.
Chairman Dinh Quoc Thai of the provincial People’s Committee stressed that Dong Nai will make the best of its advantage to attract even more foreign money and continue to give priorities in attracting hi-tech and environment friendly projects with high added value to reduce environmental pollution.
Reported by H.G
.
