(ĐN) – In 2024, Dong Nai achieved impressive results in attracting investment projects, welcoming numerous major corporations and enterprises from around the world. Dong Nai Newspaper had an interview with Vice Chairwoman Nguyen Thi Hoang of Dong Nai provincial People's Committee regarding investment attraction strategies for the future.
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| Vice Chairwoman Nguyen Thi Hoang visits high-tech manufacturing plant of Vietnam Precision J.S Co at Ho Nai IP, Trang Bom district. |
How do you assess Dong Nai’s investment attraction results in the past year?
In 2024, Dong Nai recorded strong investment growth. Domestic investment reached over 142 trillion VND, 11.5 times higher than in 2023. Foreign direct investment (FDI) also grew significantly, reaching nearly 1.5 billion USD, up 28% from the previous year. Among these, 18 FDI projects had an investment capital of over 10 million USD.
With these figures, Dong Nai remains among the top provinces nationwide in attracting investment. Newly approved projects primarily focus on semiconductor manufacturing, electronic components, precision engineering, textiles, and metal products. The province has also ensured that no projects fall into sectors with high environmental risks or labor-intensive industries, aligning with Dong Nai’s investment strategy of attracting advanced technology projects.
What factors contributed to Dong Nai’s strong investment performance in 2024?
One key factor was the recently announced provincial planning, which clearly outlined priority investment projects. During the announcement ceremony, investment licenses were granted to several investors.
Additionally, Dong Nai has made significant efforts in administrative reform. Investment licensing procedures have been streamlined, with some projects receiving approval in as little as 24 hours. The province has also worked closely with industrial park developers to ensure that ready-built factories and land are available for investors.
Given the limited industrial land, how does Dong Nai plan to address this challenge?
Industrial land availability is currently limited, creating challenges in attracting large-scale investment projects. To address this, the province is working with infrastructure developers to accelerate the approval and construction of new industrial zones (IZs).
According to the 2021–2030 Provincial Plan, Dong Nai is set to have 48 industrial zones, but only 36 have been established so far. The province is now working with central agencies to finalize documentation for additional industrial zones, securing government approval to expand infrastructure and attract new investments.
Several new industrial zones were recently approved by the Prime Minister. How will Dong Nai implement them?
In 2024, the Prime Minister approved four new industrial zones including Bau Cạn - Tan Hiep IZ, Xuan Que - Song Nhan IZ, Phuoc Binh 2 IZ and Long Duc 3 IZ
These projects will provide thousands of hectares of industrial land for future development. The province will now proceed with zoning plans, land clearance, and infrastructure development to ensure these zones are operational as soon as possible.
How is Dong Nai accelerating industrial infrastructure development?
Dong Nai has established a Special Committee for Business Support and Economic Development to resolve obstacles and fast-track industrial zone development. The province aims for economic growth of over 10% in 2025, and new industrial zones will play a crucial role in achieving this target.
The local government also maintains regular dialogues with businesses to address concerns and ensure a business-friendly environment. Dong Nai has urged the central government and Ministry of Foreign Affairs to support the province’s investment promotion efforts, particularly in attracting high-tech industries.
What are Dong Nai’s economic diplomacy plans for 2025?
Dong Nai has already signed 41 memorandums of understanding (MOUs) and cooperation agreements with 12 countries. In 2024, the province conducted investment promotion missions to the U.S., South Korea, Japan, and Laos, engaging with hundreds of businesses.
For 2025, the province will focus on attracting high-tech, environmentally friendly projects, particularly in three key sectors such as aerospace technology; semiconductors, chip production, and artificial intelligence (AI), and automation and information technology equipment. Additionally, Dong Nai plans to establish a 500-hectare high-tech park and a 100-hectare IT industrial zone
These initiatives will enhance Dong Nai’s investment landscape, making it a leading destination for technology-driven industries.
Reported by N.Lien
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