Positioning Dong Nai on Vietnam’s FDI map

Part 2: Dong Nai affirms its position among the nation’s top localities in FDI attraction

To date, Dong Nai Province has attracted more than 2,200 foreign direct investment (FDI) enterprises operating in production and business, with a total registered capital exceeding 42 billion USD. Notably, in 2025, Dong Nai not only reached its target ahead of schedule but also exceeded its FDI attraction target set at the beginning of the year, maintaining its position among the country’s leading localities in FDI attraction after the merger, and continuing to pursue the goal of prioritizing high-quality FDI inflows for sustainable development.

Production activities at Jason Furniture Vietnam Co., Ltd. in Dong Xoai III Industrial Park, Binh Phuoc Ward, Dong Nai Province. Photo: Nguyen Hoa

These results have been achieved because Dong Nai has consistently taken the lead in implementing sound policies of the Party and the State in attracting FDI. Through the guidelines and policies of the Party, the State, and the Provincial Party Executive Committee, Dong Nai has regarded these as a “guiding compass” in implementation, enabling the province to maintain its top-tier position nationwide in FDI attraction.

Vietnam’s industrial hub

Over the years, Dong Nai has consistently made efforts to promote the development of transport infrastructure systems and to plan industrial parks, commercial and service zones, and urban areas, thereby attracting both domestic and foreign investment. As a result, many FDI corporations have come to invest in Dong Nai’s industrial sector, forming one of Vietnam’s major industrial centers. More than 70% of industrial products are exported to over 180 countries and territories, while nearly 30% are consumed in the domestic market. Each year, exports bring in more than 20 billion USD for the province, with annual growth ranging from 8% to 14%; in 2025, export turnover is expected to increase by more than 18% compared to 2024. Industrial parks are creating jobs for nearly 600,000 workers in the province’s industrial parks and economic zones.

Notably, in 2025, Dong Nai licensed several large-scale FDI projects, including the Mapletree Logistics Park Tam An 1 project by Saffron Logistics Asset Holdings PTE. LTD of Singapore (at Tam An Industrial Cluster, An Phuoc Commune), with a total registered investment capital of 101.1 million USD; the factory of Pingfu Home Products Co., Ltd., a United States project, with an additional capital increase of more than 37.6 million USD, bringing the total investment to 80 million USD (at Minh Hung – Sikico Industrial Park); the Midwest Pets Vietnam Co., Ltd. factory project from Singapore, with an investment capital of 27.8 million USD (at Becamex – Binh Phuoc Industrial Park); and the capital expansion project of Hayat Kimya Vietnam Co., Ltd. from the Netherlands, with an additional 29.4 million USD, raising the total investment to 158 million USD (at Becamex – Binh Phuoc Industrial Park), among others.

At many meetings throughout the year with ambassadors, consuls general, and enterprises, Vo Tan Duc, Deputy Secretary of the Provincial Party Committee, affirmed to FDI investors that Dong Nai prioritizes attracting high-tech, advanced, environmentally friendly projects with low labor intensity, aiming toward sustainable, efficient, and long-term development. Dong Nai Province is committed to always accompanying and creating favorable conditions for FDI investors to come and invest in the province.

Dong Nai became one of Vietnam’s industrial centers decades ago, thanks to its success in attracting FDI capital at each stage of development. In every period, the province closely followed the guidelines and policies of the Party and the State, transforming them into resolutions of the Provincial Party Committee and implementing them. In doing so, Dong Nai has consistently set targets higher than the national average in order to strive to complete and exceed annual targets and plans, as well as those for each term.

Specifically, the Provincial People’s Committee issued Plan No. 8758/KH-UBND on implementing Government Resolution No. 58/NQ-CP promulgating the Action Program to implement Politburo Resolution No. 50-NQ/TW. In addition, Plan No. 361-KH/TU dated May 28, 2020, of the Provincial Party Standing Committee was issued to implement Resolution No.50-NQ/TW in Dong Nai Province. These plans specify tasks and solutions for implementation, aiming to improve the quality and effectiveness of foreign investment cooperation in the province, with a selective approach and a strong focus on sustainable development.

Currently, many FDI enterprises in the province have been investing for 25–35 years, with two to three generations, from grandparents and parents to children, coming to Dong Nai to manage their companies.

Lin Shu Li, General Director of Kien Dat Industrial Co., Ltd. (Taiwan (China), located in Long Binh Industrial Park, Long Binh Ward, Dong Nai Province), said: “I invested in Dong Nai in the 1990s. After more than 30 years, I consider Dong Nai my second home. Dong Nai is one of the best destinations in Vietnam. In recent years, I have received significant support in project documentation procedures and in ensuring security and order”.

After nearly 40 years of attracting FDI and experiencing ups and downs, Dong Nai has consistently maintained its position among the nation’s leading localities in FDI attraction. Especially since the merger of Dong Nai and Binh Phuoc into the new Dong Nai Province, with a two-tier local government model, an area of more than 12,700 square kilometers, a population of nearly 4.5 million, and planning for more than 80 industrial parks, the new Dong Nai Province expects these to become new development reserves, enabling Dong Nai to become a leading high-tech industrial and agricultural center of Vietnam.

Huynh Thanh Chung, General Director of Hai Vuong Manufacturing, Construction, Trading and Agriculture Joint Stock Company - the investor of Minh Hung – Sikico Industrial Park (in Tan Khai Commune, Dong Nai Province) said that: The industrial park covers more than 655 hectares, with an occupancy rate of over 60%. It has attracted nearly 1.5 billion USD in investment capital, mostly from FDI enterprises. The industrial park has basically completed its technical infrastructure in an ecological orientation and is continuing to attract investment in light industry projects using modern, environmentally friendly technologies.

An ideal investment environment for enterprises

Currently, many industrial parks in Dong Nai have been developed according to green, environmentally friendly criteria, such as Amata, Long Duc, Minh Hung – Sikico, Long Thanh High-Tech Park, Bien Hoa 2, Giang Dien, Becamex – Binh Phuoc, and others. For example, in 1994, Amata Group (Thailand) invested in the technical infrastructure of Amata Industrial Park systematically, becoming a model for industrial park investment in Vietnam and a reference for many provinces and cities in industrial development. More than 5 years ago, Amata Industrial Park was one of three industrial parks in Vietnam selected by the Ministry of Planning and Investment (now the Ministry of Finance) as a pilot ecological industrial park model meeting 4 international criteria, to be replicated nationwide.

High-tech production machinery system at Vietnam Precision Joint Stock Company, in Ho Nai Industrial Park, Ho Nai Ward. Photo: Ngoc Lien

At a working session between Dong Nai provincial leaders and representatives for investment promotion at Vietnam’s overseas diplomatic missions in November 2025, many opinions from overseas investment promotion representatives noted that the attractiveness of Long Thanh International Airport, together with regional transport connectivity infrastructure projects and modern commercial service centers under investment, has made Dong Nai an increasingly attractive destination for investors.

Pham Viet Tuan, Vietnam’s Investment Promotion Representative in South Korea, shared that many Korean enterprises are currently interested in investment projects around Long Thanh International Airport, with some even focusing on air cargo exports. As one of the bridges between Vietnamese enterprises and Korean investors, Tuan expressed his hope that cooperation between Vietnamese and Korean enterprises will become increasingly comprehensive and sustainable.

In the global trend requiring products to be green, low-emission, and to follow a roadmap toward “net zero”, Dong Nai’s proactive development of green industrial parks meets the investment requirements of many FDI enterprises. This is why many FDI groups choose Dong Nai for new investments and expansion.

To continue attracting global investors, Dong Nai is also focusing on expanding its land fund and fully leveraging advantages in transport infrastructure and seaports. Specifically, Dong Nai plans to break ground on 3 new industrial parks by the end of 2025, including Long Duc 3 Industrial Park; Bau Can – Tan Hiep Industrial Park (Phase 1); and Xuan Que – Song Nhan Industrial Park (Phase 1). These projects all have favorable locations near Long Thanh International Airport. Accelerating these projects demonstrates Dong Nai’s determination to develop industrial space, toward forming a modern industrial–urban–service chain.

With the fourth-largest economic scale nationwide, a high-quality workforce ready to supply enterprises, advantages in geographic location, and diverse transport modes, especially the national key project Long Thanh International Airport, Dong Nai will gain additional development space and is expected to create a new wave of synchronized economic development. In particular, the orientation toward developing an airport city in a green, smart, and modern direction, associated with aviation services, as well as industries, services, logistics, concentrated information technology parks, free trade zones, and tourism, has consistently received strong attention, direction, and prioritization from provincial leaders in recent years.

In recent years, during visits and working sessions with Dong Nai Province, Prime Minister Pham Minh Chinh has repeatedly emphasized that Dong Nai holds a strategically important position in the region, serving as the nation’s industrial “capital” and a “locomotive” of regional economic growth. This is an advantage for the province to attract large-scale FDI projects with higher quality, especially those with high added value and strong science and technology content. The province needs to continue administrative reform, enhance competitiveness, and invest in transport and strategic infrastructure in line with development needs.

By Huong Giang, Ngoc Lien - Translated by Quynh Nhu, Thu Ha