Dong Nai southern province attracts 1.2 billion USD in FDI
The southern province of Dong Nai had lured over 1.218 billion USD in foreign direct investment (FDI) as of early June, achieving 152.3% of its annual target, according to the Dong Nai Industrial Zones Authority (DIZA).
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| Dong Nai pulls in 1.2 bln USD in FDI, smashing 2025 goal |
This figure, encompassing both new and added capital, not only exceeds the province’s 2025 goal of 800 million USD by 52.3% but also marks a 39% leap from the 874.7 million USD recorded in the same period last year.
Industrial parks in Bien Hoa city secured four new FDI projects, while Long Thanh district led with eight. Nhon Trach and Trang Bom districts each nabbed seven, Thong Nhat three, and Long Khanh city one.
Among the 30 newly licensed projects, Singaporean investors dominate, with seven projects worth 56.55 million USD, accounting for 18.1% of the new capital and 23.3% of the total projects. This cements Singapore’s position as the leading foreign investor in Dong Nai’s industrial zones so far this year.
The cash flowed into logistics, electrical gear, textiles, clothing, and metal products, with each project averaging 10.67 million USD. The average capital intensity is 6.95 million USD per hectare, with 89 workers per ha.
None of these projects involve industries with high environmental risks or labour-intensive operations, aligning with the province’s technology and investment priorities, noted the DIZA.
Looking ahead, Dong Nai targets 1.1 billion in FDI in 2025, with industrial parks aiming for 800 million USD. Back in early February, the province granted investment certificates to 12 FDI and two domestic projects, respectively valued at over 680 million USD and nearly 1.5 trillion VND (60 million USD).
Last year, Dong Nai secured more than 1.5 billion USD in FDI and over 144 trillion VND in domestic capital.
(Source: VNA)
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