Dong Nai (VNA) – The attraction of domestic investment funds and foreign investment funds (FDI) to Dong Nai since the beginning of the year remains weak. This is the first time that Dong Nai has left the top localities in the country in terms of attracting investment. Therefore, the province is looking for ways to resolve the situation.
Director of the Provincial Planning and Investment Department Nguyen Huu Nguyen said the fall in attracting foreign investment was due to the reasons relating to regulations in the Investment Law, Land Law and regulations on ownership of public property…
Dong Nai is a place where many domestic and foreign companies pay attention and want to invest, especially in areas such as industry, real estate, trade, services, logistics, tourism and technical infrastructure… However, due to difficulties in terms of procedures and planning, the companies were not able to register investment funds for the implementation of their project. Moreover, there are no large lands for rent in the industrial parks. So large projects with an investment fund of a few hundred to more than a billion dollars have been transferred to neighboring provinces.
According to forecasts, Dong Nai plans to attract about $1 billion in FDI this year, including $700 million for industrial parks and $300 million outside of them.
Vice President of the Provincial People’s Committee Nguyen Thi Hoang said the province has been working with companies in charge of industrial park infrastructure to grasp their difficulties and obstacles so as to take timely measures to support them. The province is also coordinating with relevant ministries and sectors to expedite the completion of procedures for establishing new industrial parks. There will therefore be approximately 7,000 hectares of industrial land in the future to attract national investment and FDI.
Since the beginning of the year, many FDI companies have come to survey the investment opportunities in the province such as Aeon, De Heus, Pandora… In addition, many companies currently operating in the province have declared that they wish to extend their investments there, such as: Novaland, Hung Thinh, Dat Xanh, Kim Oanh, DIC, UDICO, Sojitz, Canon, Shiseido, Mitsubishi…
Talking about attracting investment to Dong Nai, Chairman of the Association of South Korean Enterprises in Dong Nai, Park Hyun Bae, said that South Korean enterprises are constantly increasing their investment in the province in industry, energy and others. However, faced with the difficulties due to the lack of large industrial land for businesses to rent, the province should quickly invest in infrastructure in industrial parks to accommodate the wave of investment from the Republic of Korea in the future. -VNA
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Dong Nai seeks measures to attract investment | Economy | Vietnam+ (VietnamPlus)
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