Best Support for Investors to Seek Business Opportunities

Since early 2012, the Dong Nai Industrial Zones Authority licensed 27 foreign direct investment (FDI) projects with a total registered capital of US$583.6 million and five domestic investment projects with a combined capital of VND710.2 billion (US$35 million). It also allowed 35 existing FDI projects to add US$335.2 million and six domestic projects to supplement VND651.5 billion. In the first six months of 2012, industrial parks in Dong Nai province attracted a total of US$918.9 million (equal to 108 percent of the 2012 plan in 2012 and 251 percent in the same period of 2011) and VND1361.8 billion.

 

To date, 31 industrial zones in Dong Nai have attracted investors from 36 countries and territories in the world to invest in a total of 1,176 projects, including 857 FDI projects capitalised at US$14,406.35 million and 319 domestic projects valued at VND33,167 billion (US$1.6 billion).

 

In the first six months of 2012, industrial parks in Dong Nai province successfully attracted five new investment projects worth more than US$10 million each. They are Lixil Vietnam Global Production Co., Ltd (Long Duc Industrial Park) with US$441 million, a branch of PepsiCo Vietnam (Amata Industrial Park) with US$45 million, House Vietnam Foods Co., Ltd with US$14 million, Quang Hung Plus Joint Stock Company with US$10 million, and Global Mechanical Engineering Co., Ltd with US$14.35 million.

 

New investment projects are involved in manufacturing and assembling medical and dental machines and equipment like chairs and surgery tables; manufacturing television and satellite receivers, cable TV equipment and security equipment; manufacturing soft drinks, drinking water, juice; processing foods; designing civil and industrial construction works; manufacturing personal goods and home appliances; manufacturing mechanical engineering products (machines, equipment, steel roll, plastic moulds, etc.) The province attracted two high-tech industry projects, namely Belmont Manufacturing Co., Ltd. (producing dental equipment, medical equipment and beauty-care equipment) and Maspro Vietnam Co. Ltd (producing television and satellite receivers, cable TV equipment and security equipment, designing, installing, inspecting and supervising telecommunications equipment).

 

In the first six months, industrial parks in Dong Nai province attracted investors from Japan, South Korea, Singapore, Malaysia, the Netherlands, and other countries. Notably, 10 Japanese projects with a total investment capital of US$487.2 million were licensed into industrial parks in the first six months, accounting for 37 percent of new tenants and 83.54 percent of new FDI capital value in industrial parks.

 

Apart from fresh projects, industrial parks in Dong Nai province have also witnessed existing investors expand their operating scopes. For instance, Hyosung Vietnam Co., Ltd registered to supplement US$141.4 million, Concord Textile Co., Ltd (US$40 million), Hyundai Welding Vina Co., Ltd (US$20 million), Dona Standard Vietnam Footwear Co. Ltd (US$20 million), and Ritek Vietnam Co. Ltd (US$$ 20 million).

 

Up to now, with a total area of 9,742 ha, 331 industrial parks in Dong Nai province have leased 3,947 ha, accounting for 61.95 percent of rentable area (6,371 ha) and generated jobs for 412,500 workers, including 5,266 foreigners.

 

Vo Thanh Lap, Director of Dong Nai Industrial Zones Authority, said: To achieve these results, apart from general investment policies applied nationwide, Dong Nai is blessed with a lot of advantages as it is located in the southern key economic zone and has favourable traffic infrastructure (roads, waterways and airways). The province is always consistent in all industrial zone development policies and FDI attraction policies. Its strong foundation for industrial development is Bien Hoa Industrial and Technological Zone (now Bien Hoa Industrial Park 1), built and developed in the 1960s. Its well-arranged industrial park development plan allocated industrial parks in convenient locations like proximity to trunk roads and seaports. With an abundant supply of high-quality human resources, rich resources, conducive business environment, and simple administrative procedures, the Dong Nai Industrial Zones Authority has successfully applied the one-stop mechanism and consistent business supports. It has close relationships with State authorities, infrastructure developers, and enterprises.

Notably, experienced and capable industrial zone infrastructure operators provide the best support for investors to carry out their projects. Infrastructure services inside and outside industrial parks are relatively complete and synchronous.

 

Dong Nai province has active attracted investors in potential countries and regions. Since 2004, it has had two investment promotion events a year to catch the attention of investors in potential nations like Japan, South Korea, the US, Australia, Singapore and Taiwan. It also organises investment promotion events in Vietnam.

In the coming time, Dong Nai province will give priority to attracting enterprises to invest in Thong Nhat, Tan Phu, Dinh Quan, Xuan Loc and Cam My districts. Industrial investment projects will be housed in centralised industrial zones.

 

Mr Lap said Dong Nai province always creates the best conditions for investors to seek investment opportunities into all sectors in conformity with WTO regulations and the Government's commitments to international communities. The locality will focus on attracting in following fields:

 

Industry: High-tech industry, supporting industry and clean technology industry: Manufacturing mechanical, electronic, IT and educational devices, spare parts and materials; manufacturing and assembling automobiles, textile and garment, leather and footwear; manufacturing new materials, energy-efficient, environment-friendly products; producing software and ICT products.

Agriculture and processing industry: Biotech agriculture, high-quality animal livestock and plant development, agricultural product processing, and pharmaceutical production

 

Others: infrastructure development like road, bridge and port construction, waste treatment, health, culture, education, sports, tourism and affordable housing for low-paid workers.