(ĐN) - Dong Nai attracted more than US$1.61 billion in foreign direct investment (FDI) in 2019, surpassing its annual target by 45 percent.
(ĐN) - Dong Nai attracted more than US$1.61 billion in foreign direct investment (FDI) in 2019, surpassing its annual target by 45 percent.
According to economic experts, the province will create a new breakthrough in FDI attraction after its transport infrastructure will be completed in the coming years.
Currently, a series of key transport projects are underway in the locality, including the Long Thanh international airport, the Dau Giay – Phan Thiet, the Dau Giay-Lien Khuong, Bien Hoa-Vung Tau and Ben Luc – Long Thanh highways.
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As of 2019-end, Dong Nai climbed to the fourth position nationwide in FDI attraction with some 1,500 projects worth approximately US$30 billion.
Among the total 45 countries and territories investing in Dong Nai, the Republic of Korea was the largest investor with over US$6.6 billion, followed by Taiwan with around US$5.3 billion, Japan with nearly US$4.7 billion and Singapore with US$3.6 billion.
In FDI attraction, the province has given priorities to hi-tech and support industry projects as well as high added value, environmentally-friendly and energy-saving ones.
In 2019, Dong Nai welcomed many leaders, general consulates and representatives from multinational corporations around the world to learn about the investment environment.
Mr Okada Hideyuki, President of Japanese Business Association in HCM City (JBAH), stressed that Dong Nai is an attractive destination in the eyes of Japanese investors. In recent years, many Japanese enterprises have invested or expanded investment activities in Dong Nai, focusing on the field of industry.
He believed that “With transport advantages and Long Thanh International Airport to be built, the province will become more attractive to Japanese companies than other southern provinces and cities”.
Industry, trade, service and logistics remained the most attractive sectors to Japanese investors.
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Chairman Cao Tien Dung (R) receives JBAH President Okada Hideyuki. |
So far, many FDI enterprises operating in the province have expanded their investment, production and business. They included Bosch, Hyosung, Fujitsu, Meggitt, Chang shin, Formosa, Taekwang Vina, Kenda and Forval, etc.
This proved that Dong Nai continues to be an important destination for foreign investors.
Mr Mallikarjuna Guru, Managing Director of Bosch Vietnam said that Bosch has since 2008 continually invested in Powertrain Solutions plant in Dong Nai province to manufacture push belts for continuously variable transmissions in automobiles. Accordingly, the plant has raised its annual capacity from 1.6 million products in 2008 to 26 million products now.
Bosch Vietnam was one of the first enterprises in Dong Nai to receive certificate of "High-Tech Status" for its use of high technology and investment.
Ms Mary Tarnowka, US Consul General in Ho Chi Minh City, said that many US enterprises are eyeing investment in Dong Nai in the fields of aviation, infrastructure and services.
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US Consul General in HCM City Mary Tarnowka presents souvenir gift to Secretary Nguyen Phu Cuong. |
Dong Nai is completing its transport infrastructure and boosting administrative reform to improve local business climate as a measure to luring more foreign investors, contributing to build the locality become a green province. The province is now one of the leading localities in Vietnam in economic development.
“Dong Nai plays an important role in the southern key economic region. The Government is prioritizing the capital to deploy key national infrastructure projects in the province, helping create a breakthrough in economic development of the region”. Prime Minister Nguyen Xuan Phuc emphasized this during his working visit to Dong Nai on May, 2019.
In 2019, the province’s FDI attraction surpassed some US$450 million compared to the yearly plan. The occupancy rate of operational industrial parks (IPs) across the province hit 78 percent, higher than the country's average.
Also, Dong Nai saw swift disbursement of FDI that surpassed the province’s plan. Among projects with high disbursement rate, more than 60 percent are in the supporting industry, which is the province’s priority. The rapid disbursement of investment capital has contributed to a high growth in industrial production.
Chairman Cao Tien Dung of Dong Nai provincial People’s Committee expressed his belief that Dong Nai will be the leading investment destination in the country after its key transport projects completed in the coming years.
Reported by H.G
