According to the Management Board of Dong Nai Industrial Zones (DIZA), as of July 29, 2024, the total FDI capital attracted to the province reached a milestone of over 146% of the annual plan. The industrial zones in the province have attracted 55 new investment projects with a total investment capital of $627 million and 67 capital increase projects for expansion with a total additional investment of $392 million.
Previously, according to the Management Board of Dong Nai Industrial Zones (IZs), the plan for 2024 was to attract $700 million in FDI and VND 2,000 billion in domestic investment into the IZs.
However, in just seven months of 2024, the total FDI into Dong Nai reached $1.019 billion, providing employment for over 600,000 laborers. The newly attracted investment projects meet the criteria for advanced technology, supportive industries, and non-labor-intensive industries.
According to DIZA, Singapore is the country with the largest investment in Dong Nai’s industrial zones in the past seven months, with nine projects. The investment value is $231.7 million, accounting for 36.98% of the total newly attracted investment capital and 16.36% of the total number of attracted projects.
Some recently licensed FDI projects include the SLP PARK project in Loc An Binh Son Industrial Zone with a total investment of $121.4 million; Global Star Vietnam Technology Company Limited in Ho Nai Industrial Zone with an investment of $33 million; and Tata Vietnam Technology Company Limited in Nhon Trach 6 Industrial Zone with an investment of $21 million.
The newly attracted projects mainly belong to the sectors of semiconductor production, electrical and electronic components; mechanical manufacturing; textiles; and production of metal cast products, among others.
In addition to the newly licensed projects, the capital increase projects also involve investments of up to tens of millions of dollars. Specifically, the coffee production project of Nestle Vietnam Co., Ltd. in Long Binh (Amata) Industrial Zone increased its investment by $100 million, bringing the total investment in this project to $502 million. Meanwhile, the tire manufacturing project of Kenda (Vietnam) Rubber Company in Giang Dien Industrial Zone increased its investment by $80 million, raising the total investment to $296 million.
Dong Nai attracts over $1 billion in FDI in seven months
During this period, DIZA also granted licenses to nine domestic investment expansion projects in the IZs, with an additional capital of VND 1,385 billion, and three new projects with a registered capital of VND 1,528.8 billion.
The total domestic investment in the first seven months of 2024 reached VND 2,913 billion, achieving 146% of the annual plan.
Dong Nai province currently has 33 established industrial zones covering a total area of over 10,500 hectares. There are 32 operational industrial zones with nearly 2,100 tenant enterprises, occupying a total area of 6,000 hectares for production and business activities.
There are nearly 1,600 valid FDI projects with a total investment of over $34 billion. 44 countries and territories have invested in Dong Nai, with the top investors in terms of capital being South Korea, Taiwan, and Japan.
At the same time, Dong Nai is prioritizing invitations for businesses to invest in Long Khanh city and Thong Nhat, Tan Phu, Dinh Quan, Xuan Loc, and Cam My districts. For industrial production projects, investors are required to operate within the planned industrial zones.
The orientation is to prioritize attracting investment projects with advanced technology, new technology, high technology, clean technology, and modern governance, with high added value, spillover effects, and global supply chain connectivity.
The province focuses on attracting large-scale projects, strategic investors, and multinational corporations that establish their headquarters and R&D centers or innovation hubs in Dong Nai, in conjunction with the development and operation of the Long Thanh International Airport.
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