Dong Nai takes advantage of shifting FDI investment wave.

(ĐN)- Vietnam remains an attractive destination for foreign direct investment (FDI) from countries such as Japan, China, South Korea, Taiwan, Singapore, and several European and American nations. Experts attribute this to the country’s abundant skilled workforce, well-developed infrastructure, reasonable investment costs, and political stability, along with strategic trade agreements.

Production line at Kien Dat Co., Ltd. in Long Binh IP in Bien Hoa city.

Opportunities amid global production shift

Political and economic tensions, including high tariffs imposed on imports to the U.S., have prompted multinational corporations to seek stable investment destinations. Vietnam, with nearly 20 free trade agreements, offers FDI enterprises tax incentives, making it a key choice. Dong Nai, leading in industrial zone development, has emerged as a top recipient of FDI. The province’s proactive support for businesses has further enhanced investor confidence.

In 2024, the Vietnamese government introduced major policies to attract FDI, particularly in high-tech sectors. Initiatives such as the Semiconductor Industry Development Strategy (Decision No. 1018/QD-TTg) and investment support funds have driven new and expanded projects in semiconductors, renewable energy, and electronics. These policies continue to strengthen investor trust and Vietnam’s competitiveness.

Strategic investment hub in Southern Vietnam

Dong Nai ranks among the top FDI destinations in Vietnam, with nearly 1,700 projects and a total investment of approximately $35 billion. Its strategic location in the Southern Key Economic Region has drawn investors in manufacturing, trade, logistics, real estate, and agriculture.

Singapore-based Mapletree recently invested $101 million in Dong Nai, citing the province’s strong infrastructure and logistics network. Similarly, Japan’s SMC Group increased its investment in Long Duc Industrial Park by $330 million, bringing its total in Dong Nai to nearly $1 billion. SMC is shifting production from China to Vietnam to optimize its supply chain and plans further expansion in the province.

Reported by N.Lien