Dong Nai province’s foreign investment surges by 34%

The southern province of Dong Nai attracted nearly 1 billion USD worth of foreign investment as of August 20, up 34% year-on-year, according to the provincial Department of Planning and Investment.
aa
Dong Nai province’s foreign investment surges by 34%
Workers of a foreign-invested firm in Giang Dien Industrial Park in Dong Nai province (Photo: VNA)

Of that, over 640 million USD was contributed by 61 newly foreign-invested projects, while the remainder of nearly 449 million USD was by 74 capital-added ones, the department said, adding that most of these projects headed into the industrial parks.

The department's director Nguyen Huu Nguyen said new projects came from countries and territories such as the Republic of Korea, Taiwan (China), Japan and Singapore.

Nguyen said Dong Nai province will continue to remove obstacles in attracting foreign investment to create a favourable environment for businesses.

In addition, it will publicly list projects calling for investment and foster investment promotion activities to potential markets to find investors that can meet the criteria set by the province, Nguyen told baodongnai.com.vn.

To date, the province is home to more than 1,600 foreign-invested projects, valued at 35 billion USD.

The online newspaper cited Pham Duc Thang, Managing Director of Cargill Animal Nutrition Thailand and Vietnam, as saying that that Dong Nai is the first investment destination of the group in Vietnam. After successfully investing in the locality, the group has expanded nationwide.

Over the past 30 years of investing in Dong Nai, the group has received support from the province in resolving difficulties and obstacles in production and business and Cargill has continuously increased its investment capital in the province

Vice Chairwoman of the provincial People's Committee Nguyen Thi Hoang said that to facilitate foreign investment attraction, the province has established a working group, headed by the committee’s leader.

The working group is tasked with promoting the establishment of new industrial parks to promptly supplement the province's industrial land fund, Hoang told the online newspaper.

Dong Nai currently has 33 established industrial parks covering a total area of over 10,500ha. Of these, 32 are already operational, with nearly 2,100 companies already working in these IPs. /.

en.vietnamplus.vn

Đọc thêm

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
New regulations create more transparent corporate bond market

New regulations create more transparent corporate bond market

A new draft decree on corporate bonds seeks to enhance transparency, tighten accountability, and strengthen oversight to rebuild investor confidence, and support capital market development.
Visa launches contactless payment system across Hanoi metro network

Visa launches contactless payment system across Hanoi metro network

A fully interoperable open-loop payment system has been launched across Hanoi's metro network, enabling Visa cardholders to tap and go on all metro lines in Vietnam.
Russia to build 2,400 MW nuclear plant in Vietnam under new deal

Russia to build 2,400 MW nuclear plant in Vietnam under new deal

An intergovernmental agreement on cooperation to build the Ninh Thuan 1 Nuclear Power Plant in Vietnam has been signed during Prime Minister Pham Minh Chinh's official visit to Moscow.
Corporate bond market shifts towards public issuance, transparency

Corporate bond market shifts towards public issuance, transparency

The corporate bond market is undergoing a fundamental structural transformation, characterised by a shift towards public offerings and enhanced credit transparency as recent regulatory reforms take effect.
Vietnam launches project to boost RCEP utilisation

Vietnam launches project to boost RCEP utilisation

Vietnam’s Ministry of Industry and Trade, in partnership with the Regional Trade for Development initiative, on March 23 launched a project to boost utilisation of the Regional Comprehensive Economic Partnership.
Xem thêm

Mới nhất Đọc nhiều