Dong Nai seeks measures to attract investment

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.

>> Dong Nai leads in attracting South Korean investment

>> Dong Nai: a trade surplus of around 4.7 billion USD

Director of the Provincial Planning and Investment Department Nguyên Huu Nguyên said that the fall in the attraction of foreign investment was due to the reasons relating to regulations in the Investment Law, Land Law and regulations on the ownership of public property…

Dong Nai is a place where many domestic and foreign companies pay attention and wish 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. Therefore, large projects with an investment fund of a few hundred to more than a billion USD have been transferred to neighboring provinces.

According to forecasts, Dong Nai plans to attract about one billion dollars of FDI this year, including 700 million USD for industrial parks and 300 million USD outside of them.

Vice President of the Provincial People’s Committee Nguyên Thi Hoàng said the province has worked with the 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, Dât 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 lease, 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/CVN