Manufacturing News 18/01/2024, 04:55

Over 410 million USD is invested in Dong Nai from the beginning of the year

9 projects with large investment capital scales are important for industrial park and socio-economic development, aligning with the province's investment attraction policy.

Over 410 million USD is invested in Dong Nai from the beginning of the year

Dong Nai Provincial People's Committee has just granted investment certificates (Investment Certificates) to 9 investment projects in industrial parks in Dong Nai area. This is the first round of granting investment certificates in 2024.

Specifically, there are four new FDI projects with a total registered investment capital of 156.4 million USD, four FDI projects with increased capital with a total investment capital of 217 million USD, and one industrial park infrastructure business project with a raised investment capital of 871.8 billion VND. The overall cost of nine projects exceeds 410 million USD. All projects have substantial capital, are essential for industrial parks and socioeconomic development, and are consistent with the province's investment attraction policy.

Projects include Freudenberg & Vilene International Vietnam - Long Thanh, in Loc An - Binh Son Industrial Park (Long Thanh district), specializing in the production of cotton wool, polyester fiberfill and polyester wadding, with a total registered investment capital of 10 million USD. Freudenberg & Vilene International Vietnam Co., Ltd. (Chinese enterprise) is the investor.

K-Upa Vina project in Nhon Trach I Industrial Park (Nhon Trach district), operating in the field of goods storage services, with a total investment of 10 million USD invested by KCTC Vina Co., Ltd. (Korea); Ryder Industries Vietnam Co., Ltd.'s manufacturing plant project, invested by Ryder Industries Limited (a Chinese enterprise), in Long Thanh Industrial Park (Long Thanh district) has a total investment of 15 million USD, specializes in manufacturing electronic circuit boards; manufacturing speaker systems and sound amplifiers for musical instruments; Production of infrared devices and remote controllers.

SLP Park Loc An - Binh Son project in Loc An - Binh Son Industrial Park (Long Thanh district), operates in the field of warehousing and goods storage services for logistics activities. Total registered investment capital is over 121 million USD.

During the ceremony, Vice Chairman of Dong Nai Provincial People's Committee Nguyen Thi Hoang said that this is a good start for the province's socio-economic situation in 2024 with large-scale investment projects in various fields that the province focuses on, such as logistics, high technology, supporting industries, etc.

Additionally, in December 2023, Dong Nai attracted over 1.16 billion USD of FDI capital, reaching over 105% of the year plan (1.1 billion USD). In particular, industrial parks in the province attracted over 1 billion USD of total new and adjusted investment capital, equal to 162.5% of the 2023 plan. Dong Nai continues to be in the top 10 attractive provinces and cities with the largest FDI capital investment in Vietnam.

According to the planning, Dong Nai has 40 industrial parks and currently, 33 industrial parks have been established with a total area of more than 10,000 hectares, with an occupancy rate of more than 85%. Up to now, there are more than 43 countries and territories investing in Dong Nai with a total of more than 2,000 projects; including nearly 1,450 projects of FDI enterprises.

In 2023, enterprises with foreign direct investment (FDI) operating in industrial parks in the province have paid more than 913 million USD to the state budget, equal to 89% compared to 2022. Expected Budget revenue from FDI enterprises may decrease in the first half of 2024 because the world economy is recovering slowly and businesses lack orders.

During a working session with the Dong Nai Provincial Party Executive Committee for the 2020-2025 term in early December 2023, the Head of the Central Organizing Committee Truong Thi Mai said the the average income per capita in Dong Nai is nearly 140 million VND/year, ranking at the top of the country.



Cafef/ Translator: Ngoc Mai

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