Dong Nai-an attractive destination for investors and enterprises

(ĐN)- The recent merger of Dong Nai and Binh Phuoc provinces has created a new economic hub with enhanced infrastructure, expanded industrial zones, and improved investment conditions, attracting strong interest from domestic businesses.

An Phu Chemical and Environment JSC brokes ground a facility at Ho Nai industrial park.

In 2024, Vietnamese enterprises poured over VND 138 trillion into Dong Nai, several times higher than the previous year. More than 4,500 new businesses were established with total newly registered and supplementary capital exceeding VND 100 trillion. Meanwhile, former Binh Phuoc province reported nearly 1,300 new enterprises with over VND 15.4 trillion in capital.

Under the Plan No. 133/KH-UBND, Dong Nai aims to eliminate 30% of unnecessary business conditions and cut administrative costs and procedures by 2025. By 2026, the province targets a 50% reduction in processing time and compliance costs compared to 2024.

Major investors continue to expand operations. Hung Nhon group, a livestock farm, now partners with international firms to implement hi-tech and sustainable projects. An Phu Chemical and Environment JSC recently broke ground on a VND 126 billion facility at Ho Nai industrial park. Meanwhile, a VND 650 billion irradiation and tech research center is underway at Amata Long Thanh High-Tech Park.

Despite the opportunities, challenges remain in land access, green credit, and supply chain integration. According to Chairman Vo Tan Duc of the provincial People’s Committee, Dong Nai will focus on removing bottlenecks and supporting small and micro enterprises to drive private sector-led growth, which contributes over 60% of total social investment capital.

Reported by V.Gia