Boosting budget revenue via FDI attraction

According to 2026 domestic budget revenue projections, Dong Nai City expects revenue from foreign direct investment (FDI) enterprises to reach VND18.8 trillion, accounting for nearly 25% of the estimated domestic budget revenue of VND76.9 trillion. The figure is projected to be the largest contributor among the city’s 18 domestic revenue sources.

Employees work at the high-tech manufacturing facility of Vnines Innovation JSC in Giang Dien Industrial Park (IP). Photo: Ngoc Lien

However, given its opportunities, strategic position, and strong development potential within both the regional and national economy, Dong Nai is continuing to strengthen efforts to attract large-scale, technologically advanced, and environmentally friendly projects capable of generating higher economic value and making greater contributions to state budget revenue in the years ahead.

FDI firms emerge as key contributors to budget revenue

In 2025, the FDI sector recorded the highest contribution to the state budget, totaling nearly VND18 trillion. During the early months of 2026, FDI enterprises remained among the leading contributors to Dong Nai City's revenue. Many companies consistently ranked among the city’s and the nation’s top taxpayers and received commendations from the Ministry of Finance, tax authorities, and city leaders.

A notable example is C.P. Vietnam Livestock Corporation (C.P. Vietnam), a Thai-invested enterprise located in Bien Hoa II IP, Tran Bien ward. With more than three decades of operations in livestock farming, animal feed production, and export-oriented poultry processing, C.P. Vietnam contributes thousands of billions of dong to the state budget each year. In 2025, it ranked as Dong Nai’s largest tax-paying FDI enterprise, contributing nearly VND1.6 trillion in taxes.

Dong Nai remains committed to accelerating administrative reform, building a transparent and business-friendly investment environment, strengthening discipline and accountability in public administration, and improving transport infrastructure, industrial parks, and workforce quality. At the same time, the city will continue to maintain dialogue with enterprises and promptly address their difficulties.

Permanent Vice Chairman of the Dong Nai City People’s Committee Nguyen Kim Long

Another example is Beesco Vina Co., Ltd., a South Korean-invested enterprise located in Chon Thanh II IP, with total investment capital of US$20 million and specializing in the manufacturing of sports footwear. The company contributed more than VND150 billion to the state budget in 2025.

According to Kim Jeong, Director of Beesco Vina, the figures reflect not only the company's economic performance but also its long-standing commitment to transparent, sustainable, and responsible development. Beesco Vina views corporate growth as inseparable from the broader development of the country and society.

In addition, many other FDI enterprises have made substantial contributions to state revenue in recent years, including Ajinomoto Vietnam Co., Ltd. of Japan, which contributed more than VND450 billion; HS Hyosung Vietnam Co., Ltd., with tax payments of nearly VND265 billion; and Nestlé Vietnam Co., Ltd. of Switzerland, which paid over VND400 billion in import-export taxes in 2025.

Removing bottlenecks to create an attractive investment environment

The year 2026 marks the first year of implementing the Resolution of the first Congress of the Dong Nai Party Committee (now the Dong Nai City Party Committee) for the 2025–2030 term, as well as the Resolution of the 14th National Party Congress. It is also a pivotal year in advancing the goal of building Dong Nai City.

Against this backdrop, Resolution No. 05-NQ/TU issued by the Executive Committee of the Dong Nai City Party Committee launched a special 500-day-and-night emulation campaign themed “Unity – Discipline – Efficiency – Breakthrough, Building a Civilized and Modern Dong Nai”, with implementation quality to be sustained and enhanced through 2030.

The resolution calls for great, visible, and substantive improvements across the political system, particularly in administrative discipline, public service responsibility, implementation capacity, and service effectiveness. Meanwhile, it seeks to unlock development resources, remove investment and business bottlenecks, and pursue double-digit economic growth during the campaign period and beyond, alongside social welfare, national defense, security, and higher living standards.

Workers assemble electric motors at the Toshiba Factory in Amata IP, Long Binh ward. Photo: Cong Nghia

The issuance of Resolution 05 reflects the strong determination of the Executive Committee of the Dong Nai City Party Committee to build a developed, civilized, and modern city, while responding to the aspirations of residents, enterprises, and investors alike.

Speaking at the 2026 FDI Business Dialogue Conference, Kwon Tae Han, Deputy Consul General of the Republic of Korea in Ho Chi Minh City, said numerous policies and regulatory guidelines had recently been introduced or revised within short periods. He added that language barriers and differences in familiarity with administrative procedures often create delays, raise compliance costs, and increase regulatory risks for foreign-invested enterprises. Therefore, Dong Nai’s authorities should establish a dedicated “one-stop-shop” mechanism to provide unified procedural guidance and designate responsible officials to support enterprises. Such measures would help improve the predictability of the business environment, reduce burdens on companies, and enhance both administrative efficiency and local competitiveness.

During the first four months of 2026, Dong Nai attracted nearly US$1.3 billion in FDI, including 38 newly licensed projects and 40 capital expansion projects. To date, the locality hosts more than 2,200 FDI projects with total registered investment exceeding US$45 billion.

Throughout their operations, many FDI enterprises have maintained stable production and business activities, complied with tax filing and payment obligations, and contributed significantly to the city’s budget revenue. Notably, numerous enterprises have proactively cooperated with tax authorities to ensure tax compliance, thereby improving operational efficiency and helping build a sustainable revenue base for the local budget.

To ensure sustainable growth in budget revenue from the FDI sector, Dong Nai City is focusing on measures to swiftly remove bottlenecks and clear development obstacles, creating a more favorable investment environment to attract new FDI projects while encouraging existing foreign-invested enterprises to expand production and increase investment capital.

Reaffirming Dong Nai’s investment attraction strategy, Permanent Vice Chairman of the Dong Nai City People’s Committee Nguyen Kim Long

said the city consistently regards the business community,  particularly the FDI sector, as an important partner in local socio-economic development. The stability, efficiency, and sustainable growth of enterprises form the foundation of the city’s development.

Dong Nai expects the FDI business community to maintain long-term confidence in the locality, expand investment, strengthen technology adoption, and deepen linkages with domestic enterprises, while ensuring a balanced approach between economic efficiency, social responsibility, and environmental protection.

By N. Lien – Translated by M.Nguyet, Minho