A bustling production floor at an FDI-invested enterprise in Dong Nai. (Photo: Hong Dat/VNA)
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In the first months of 2024, foreign direct investment (FDI) continued to pour into industrial parks in Dong Nai Province, with FDI reaching nearly 120% of the full-year plan.
According to the Dong Nai Industrial Zones Authority, from the beginning of 2024 to May 16, 2024, the province’s industrial parks attracted 40 new FDI projects with a total investment of 519 million USD and 39 projects with additional capital for expansion, totaling 315 million USD.
Thus, the total FDI attracted by Dong Nai’s industrial parks from the beginning of the year to now is 834 million USD, reaching 119% of the plan for 2024.
The Dong Nai Industrial Zones Authority said that the newly attracted FDI projects are mainly in the fields of semiconductor production, electrical and electronic components; mechanical engineering; textiles; and manufacturing of products from cast metal… There are no projects in the list of industries with polluting factors and labor-intensive industries; ensuring advanced technology criteria and in line with Dong Nai province’s investment attraction policy.
Typical large-scale licensed FDI projects include the Silicon Carbide Vietnam Co., Ltd. Project and the Advanced Optics Project, both belonging to the Coherent Group (USA), with a total investment of 83 million USD in Nhon Trach I Industrial Park, producing semiconductors for electronics and manufacturing equipment and optical instruments (various types of lenses, light splitting and combining devices…) in the field of high technology; Regza Vietnam Electronics Factory Project, with an investment of 40 million USD, in Long Thanh Industrial Park; Logistics Project in Long Thanh High-tech Park, with an investment of 35.44 million USD; and the manufacturing factory of ZQ Vietnam Technology Co., Ltd., with an investment of 12 million USD, in Long Thanh High-tech Industrial Park.
From the beginning of the year to now, Singapore is the country with the largest investment in Dong Nai’s industrial parks, with 9 projects totaling 231.73 million USD (accounting for 44.63% of total new investment capital and 22.5% of the total number of projects attracted).
During this period, Dong Nai’s industrial parks also attracted 6 domestic projects with additional capital for expansion of 1,051 billion VND and 1 new project with a registered capital of 998 billion VND.
The total domestic investment capital from the beginning of the year to now is 2,050 billion VND (reaching 103% of the plan).
Dong Nai Province currently has 33 established industrial parks with a total area of over 10,500 hectares. There are 32 operating industrial parks, which have leased more than 6,000 hectares of land to over 2,090 enterprises for production and business activities.
There are currently nearly 1,600 valid FDI projects in the province, with a total investment of over 34 billion USD. 44 countries and territories have invested in Dong Nai, with South Korea, Taiwan (China), and Japan leading in terms of investment capital.
Sy Tuyen
