Dong Nai attracts over 226 million USD in FDI on first days of 2021

A view of Swan Bay. (Photo: Swan Bay)

Large projects included Hansol Electronics (100 million USD) in Ho Nai Industrial Park and Ojitex plant (60 million USD) in Loc An – Binh Son Industrial Park, said deputy head of the board Pham Van Cuong, adding that the investors committed to disbursing capital, building plants and purchasing machinery in Quarter 1, and putting the projects into operation by the end of 2021.

Thanks to the investors’ confidence in the Vietnamese economy as well as the sound business climate in Dong Nai, the province has attracted a huge amount of investment right at the outset of the year, Cuong affirmed.

Competent authorities always support investors in completing procedures, he said, stressing foreign firms who have already developed projects in the province will serve as a bridge to popularise local strengths to other investors.

According to Chairman of the provincial People’s Committee Cao Tien Dung, since Dong Nai has seen industrial development and FDI attraction as a top priority in 2021 despite challenges caused by the COVID-19 pandemic, the province will work to enhance investment promotion, complete infrastructure system to welcome new investment waves, and step up administrative reforms.

Dong Nai province now has 32 operating industrial parks, with an occupancy rate reaching over 80 percent.

The province will open three other industrial parks on an area of some 6,500 hectares in Long Thanh and Cam My districts, build Long Thanh International Airport, and construct various expressways such as Ben Luc-Long Thanh, Dau Giay-Phan Thiet, Dau Giay- Lien Khuong, and Bien Hoa-Vung Tau.

Foreign banks to arrange funds for LNG-fired power plants PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants ...

Japanese investors pour 4.2 billion USD into Dong Nai province As of June 2018, Japanese businesses invested in nearly 240 projects with total registered capital of over 4.2 billion USD in Dong Nai, ranking third ...

HCM City moves to promote waterway tourism Ho Chi Minh City’s authorities have devised a plan to bolster the city’s waterway tourism in the 2017-2020 period.