Dong Nai greenlights three FDI projects worth $190 million

Dong Nai People's Committee has recently granted investment certificates for three foreign-invested supporting industry projects with a combined investment capital sum of $190 million.

Dong Nai People’s Committee has recently granted investment certificates for three foreign-invested supporting industry projects with a combined investment capital sum of $190 million.

Dong Nai approved two South Korean and a Japanese project to invest a total of $190 million.

Specifically, South Korea’s Hansol Electronics Vietnam Co., Ltd., invests $100 million in Hansol Electronics Ho Nai project in the locality. Covering an area of over five hectares, the project specialises in manufacturing, processing, and assembling liquid crystal display modules (LCM) as well as electronic circuit boards of PBA.

Another South Korean investor, Platel Vina, also got the nod to develop a factory in Amata Industrial Park in Dong Nai with the registered investment capital of $30 million. The factory will manufacture electronic equipment covers, as well as electrical and electronic components from plastic materials with a capacity of 400 tonnes of products per year.

Meanwhile, Ojitex (Vietnam) Co., Ltd. from Japan will develops a factory with the registered investment capital of $60 million. Covering 8ha, the factory will produce all kinds of high-quality packaging with an annual output of 78,000 tonnes.

Cao Tien Dung, Chairman of Dong Nai People’s Committee said that the investors of the three projects have invested in implementing projects in Vietnam and decided to expand production and business on the basis of the success of existing projects. This further affirms that Vietnam and Dong Nai will always be strategic partners of Korea and Japan in trade and investment.

He expected that the projects will stay on schedule and be put into operation. The province also committed to creating the most favourable conditions for companies to implement the projects. In particular, the province will take measures to contain the COVID-19 pandemic for businesses to maintain stable operations.

Dong Nai Industrial Zones Management Authority (DIZA) plans to attract $700 million and VND2 trillion ($87 million) of investment capital into the industrial parks. Foreign investment attraction covers $300 new investment capital and $400 million additional capital for expansion. Meanwhile, the province will lure VND1.5 trillion ($65.25 million) in new capital and VND500 billion ($21.75 million) additional capital for expansion.

(Source:VIR)