Dong Nai's foreign investment pledges double in first four months

Dong Nai attracted 522 million USD worth of foreign direct investment (FDI) in the first four months of 2023, more than double the figure in the same period last year.

A manufacturing business in Dong Nai Province.

According to the provincial authorities, the investment included 464 million USD poured into 25 existing projects and 58 million USD in 20 new projects.

To date, the number of active foreign-invested projects in Dong Nai is 1,574, with a total investment capital of 33.7 billion USD.

Although the total FDI pledges increased by two-fold, new projects are relatively small, with the average investment size under 5 million USD per hectare.

The reason is that currently, the remaining land in industrial parks with complete infrastructure is rather limited, especially in key areas such as Long Thanh, Bien Hoa and Nhon Trach.

In the meantime, the Long Thanh Hi-tech Park, which is designed to attract hi-tech projects, is still in the land clearance stage, with only a small part of the land allocated to investors.

For now, Dong Nai Province is working with the relevant ministries and agencies to establish eight new industrial parks following the Prime Minister’s approval.

(Source:NDO)