Dong Nai’s Industrial Parks aim to attract $1 billion in FDI capital in 2017
The management board of industrial parks (IPs) in Dong Nai set up a goal to attract $1 billion in FDI capital in 2017. In specific, the province aims to attract about $500 million from new investment and to raise $500 million from current projects.
Dong Nai province is considered to be one of the key FDI magnets in Vietnam and a favorite destination for investments in fields such as processing and supporting industries, agriculture, real estate and infrastructure. Until now, 42 countries and territories have been investing at 32 IPs in Dong Nai, with a total of 1,500 projects. Out of those, there have been 1,100 FDI projects with a cumulative investment capital of $21 billion.
To achieve the goal of $1 billion in FDI capital this year, Dong Nai determined not to attract investment by issuing its own deals outside the legal provisions, but to be consistent with the motto ‘The authorities cooperate with the enterprises’. This can be done by constantly improving investment, business development environment and environmental protection. This means that the province focuses on quality and not quantity, aiming to attract investments which help foster the provincial sustainable development in the future.
Recently, Dong Nai has actively established close connections with the Vietnam’s Consulates in foreign countries, and other foreign business associations while organizing different investment promotion trips to Japan, Korea, Taiwan, etc. to introduce its policies and the benefits of investing in the province to foreign investors.
Sources: 1, 2