FDI pledges to Dong Nai province soar by 40%
16:40 | 06/04/2021

VGP – The southern province of Dong Nai has attracted more than US$320 million worth of foreign direct investment (FDI) capital so far this year, representing an increase of over 40% compared to the same period in 2020.

FDI pledges to Dong Nai province soar by 40%

Specifically, Dong Nai licensed 11 new FDI projects with a registered capital of roughly US$220 million, while additional pledges were made to 20 existing projects with a value of nearly US$100 million.

FDI inflows into the province since the beginning of 2021 were mainly sourced from the Republic of Korea (RoK), Japan, Taiwan (China), China and Singapore.

Thus far, seven countries and territories have poured more than US$1 billion in Dong Nai, namely the RoK, Taiwan (China), Japan, Singapore, China, Thailand and British Virgin Islands.

This year, Dong Nai aims to draw about US$700 million of FDI capital. Currently, industrial parks across the province are accommodating 1,190 valid FDI projects with a total registered capital of approximately US$24.3 billion.

According to economic experts, Dong Nai is emerging as a destination for many foreign invested companies to make new investments or expand their production in a number of areas, such as industry, service trading, and technical infrastructure, over the next five years.  

At present, the province is implementing the amendment and supplementation of the district-level land use plan during 2021-2030 in order to ensure consistency with other construction plans, towards facilitating investors. Dong Nai has thus far planned 39 industrial parks on a combined area of nearly 19,000 hectares. 

In the period of 2021-2025, the province targets an average annual gross regional domestic product (GRDP) growth rate of more than 8.5%, while striving to maintain the proportion of industry and services in the GRDP at over 90%.

The local per capita income is expected to reach more than US$8,000 by the end of 2025. To accomplish the aforementioned goals, Dong Nai plans to mobilize more than VND500 trillion (US$21.82 billion) worth of social investment capital and attract US$6-8 billion of FDI capital in the next five years.

By Vien Nhu

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