Dong Nai prioritizes attracting quality FDI
16:43 | 20/11/2020

VGP – Dong Nai is one of the leading localities in the southeastern region regarding industrial development, with 32 industrial parks having been in operation.

Dong Nai prioritizes attracting quality FDI

The province is situated in a favorable location, possessing a system of Group 5 seaports, well-built industrial infrastructure and an abundant labor force, in addition to the Long Thanh International Airport to be completed in the near future.

In the context of integration and development of the whole country and the southern key economic region, with the aforementioned advantages, Dong Nai is always ready to welcome effective FDI waves.

According to the provincial People’s Committee, in the next five years, Dong Nai will mobilize investment resources to develop synchronous and modern infrastructure systems, with a focus on key transport facilities and urban transport infrastructure.

Infrastructure improvement is just the first step in Dong Nai’s investment attraction strategy. To bring into full play the effectiveness of this infrastructure system and strongly boost local economic development as targeted, the leaders of local authorities at all levels have determined the selection of quality capital lines in their investment attraction.

Economic experts stated that in the near future, Dong Nai will be an attractive destination for many FDI investors thanks to its advantages in terms of transport infrastructure, climate and land.

In addition to the industrial sector, Dong Nai has huge potential across the areas of tourism, trade, services, real estate and agriculture that remains untapped.

Prioritizing quality capital lines

Over the past 10 years, Dong Nai has been selective in its FDI attraction, enabling the local economy to shift on the right track.

In particular, the province prioritizes projects using high and modern technology as well as those in the supporting industries, thus becoming a major supplier of input products for the country’s industrial sector and for exports.

The early implementation of selective FDI attraction has made Dong Nai a leading locality regarding trade surplus, with the trade surplus increasing annually.

Businesses using domestically supplied raw materials meet the requirements on rules of origin to enjoy preferential tariffs when exporting their goods to the countries with which Viet Nam has signed free trade agreements.

 By Vien Nhu

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