Dong Nai prioritises hi-tech investment

10:04, 12/04/2018

(ĐN) - According to Dong Nai Department of Planning and Investment, the province attracted US$355 million in foreign direct investment (FDI) in the first quarter of this year. 

(ĐN) - According to Dong Nai Department of Planning and Investment, the province attracted US$355 million in foreign direct investment (FDI) in the first quarter of this year.  Particularly, there were 17 newly-registered projects totaling US$84 million, while US$271 million was added to 17 existing projects. Newly-licensed and increased capital projects focus on industrial production and the support industry.

The Republic of Korea (RoK) , Japan, Taiwan and Singapore were the leading investors among nations and territories investing in Dong Nai in the period. Currently, the RoK ranks first among more than 40 countries and territories pouring capital into the province, with total registered capital hitting nearly US$5.6 billion.

Over recent years, Dong Nai has begun attracting investment in a more selective way Accordingly, it has prioritized FDI projects that use hi-tech and skilled workers, and are environment-friendly. Despite stricter conditions for investment projects, FDI capital has increased, proving that Dong Nai continues to be attractive to foreign investors.

Cao Tien Dung, Director of the Dong Nai Department of Planning and Investment, said that the foreign-invested projects focus mostly on high technology, supporting industry and environmentally-friendly ones. These projects are in line with Dong Nai’s policy on prioritising high-tech and environmentally friendly projects.

Recently, at the meeting to review the implementation of the province’s socio-economic tasks in first quarter, Chairman Dinh Quoc Thai of Dong Nai provincial People’s Committee suggested related departments and agencies to continue efforts to step up investment promotion activities to attract more foreign investments. The province will create optimal conditions for investors in terms of administrative procedures, shorten document processing duration. Additionally, it will keep investors updated on its socio-economic achievements, new regulations and reforms. The local authorities will organise regular meetings with businesses to tackle obstacles they are facing. 

Dong Nai is now among the country's top five leading localities in foreign direct investment (FDI) attraction. In recent time, many investors have paid visits to Dong Nai to seek investment and business opportunities. Most of them are interested in the fields of industry, logistics, technical infrastructure and energy.During his visit to Dong Nai on March 1, Mr K. Srika Reddy, Consul General of India in Ho Chi Minh City, said that Indian enterprises are now interested in the province’s business climate in infrastructure, wind and solar energy, renewable energy, footwear and apparel.

Martine Verhoeve, Vice-Governor of Belgium’s East Flanders province, has recently led a business delegation to pay fact-finding visit to Dong Nai to seek investment opportunities in logistics and infrastructure. Accordingly, Begium enterprises showed interest in Long Thanh International Airport project, a sign of a new investment wave from the Belgium.

Reported by H.G