According to Foreign Investment Agency – Ministry of Planning and Investment, in the first 4 months of 2015, total FDI capital of the whole country reached 3,722 billions USD in comparision with the same period of last year. Remarkably, Dong Nai attracted the highest FDI capital of the country with more than 900 millions USD including new registration capital and additional registration capital, dethroned Ho Chi Minh City.
Dong Nai ranked the first of the whole country and completes annual plan early.
According to Department of Planning and Investment, in the first 4 months of 2015, the province granted the investment certificates for 28 new projects with the total capital of approximately 790.6 millions USD and 22 capital supplementary projects with the total additional capital of 134.7 millions USD. In the first 4 months of 2015, Dong Nai attracted more than 925 millions USD in total, exceeded this year’s plan of 900 millions of FDI capital attraction including the project of Hyosung Dong Nai Limited Company with the total investment capital of 660 millions USD which has been the country’s biggest project since the beginning of this year. This company has invested a factory in Nhon Trach 5 Industrial Zone (Nhon Trach District) to produce and process kinds of high-tech fibre for domestic consumption and export need.
Remarkably, most of foreign investment projects in Dong Nai Province in the last time have been applied clean and environmental technology and the majority of these projects belong to supporting industry ones which are being called for investment and provided with lots of incentive policies. So far, 40 countries and territories have invested in Dong Nai province and have been granted the investment certificates for 1,479 projects with total investment capital of more than 27 billions USD. Among these projects, 1,127 projects with the total capital of 22.5 billions USD have been effective.
Notably, although, in the recent years, Dong Nai has implemented a turning point in FDI attraction policies by giving priorities for projects of high-tech, clean-tech, few labor, and especially environmental care, the provincial FDI attraction has always been in the top of the country. Estimated only in 2014, total registered FDI capital in the province attained 1.87 billions USD, in top five localities leading FDI capital attraction of the whole country. This is also the year with the highest FDI capital disbursement in the province until now, reaching 2.33 billions USD. Enterprises in this area have provided jobs for 470,000 labors and made a great contribution to the provincial budget.
To get these results, Dong Nai Provincial Government has implemented the motto “Accompanying the enterprises”. Annually, Dong Nai Provincial People’s Committee regularly holds the meetings to listen and timely solve difficulties, potential problems of FDI enterprises in the province. Besides, relevant Departments and Agencies constantly hold workshops and conferences with special subjects: tax, customs … to quickly solve difficulties for foreign enterprises. Dong Nai also pays much attention to administrative reforms, especially simplifies administrative procedures such as: investment certificate issuance, construction certificate issuance…. to create favorable conditions for enterprises to access the investment environment as well as business, production development. There are projects granted investment certificate in 24 hours. Head of Dong Nai Provincial Industrial Zones Authority (DIZA) Cao Tien Sy told that the application of one door, interconnected one door mechanism at DIZA, in the last years, has made a good impression and satisfied investors from many countries because it takes them less time to solve administrative procedures. Especially, some projects were granted investment certificates in 24 hours that play an important role in attracting investment effectively and quickly.
100% of Dong Nai Industrial Zones have the concentrated waste water treatment plants.
According to DIZA, Dong Nai has reached the target of 100% of Industrial Zones that have come or are going to come into operation have the concentrated waste water treatment plants. Among 31established Industrial Zones, 27 ones basically completed the construction of the concentrated waste water treatment plants and put them into the operation. Most of them are installed the flow measurement and automatic monitoring equipments. So, Dong Nai becomes the province which has the highest investment rate of the concentrated waste water treatment plants in the country.
Going on improving the investment environment
To improve the investment environment, in the last years, Dong Nai Province has focused on promoting and improving the construction of infrastructural traffic systems in urban areas, Industrial Zones. Many important traffic projects have been invested and improved such as: National High way 1, National High way 5, Ho Chi Minh - Long Thanh – Dau Giay High way to serve provincial travel need and economic development better. Lots of Industrial Zones with well-invested infrastructure are attractive destinations for investors. Mr Osamu Miwa – General Director of Aureole Business Component and Devices (Bien Hoa 2 Industrial Zone) said - “Dong Nai has favourable investment environment, especially the infrastructural structure. Until now, Dong Nai has invested in many construction works: bridges, streets, ports… which are convenient for enterprises, especially in trade exchange with Ho Chi Minh City. Besides, Dong Nai has safe working environment and local well-trained and skillful labor force. These are advantages for enterprises to apply high-tech in production. Especially, Dong Nai Provincial Functional Departments and Agencies such as Dong Nai Industrial Zones Authority, Dong Nai Department of Customs, Dong Nai Department of Tax … constantly meet, listen and timly solve enterprises’ difficulties.These above issues have attracted foreign investors in Dong Nai.
Moreover, Dong Nai Province has also paid attention to the marketing and called for investment by setting up investment promotion trips to countries with developed economy such as the United States, England, France, Japan, Korea … to advertise, ask the economic potential Corporations for investment in Dong Nai Province and Industrial Zones.
At the FDI meeting held by Provincial People’s Committee recently, Deputy Chairman of Dong Nai People’s Committee Nguyen Phu Cuong affirmed “Dong Nai Province commits to have basic and remarkable changes about investment environment and deploy Law on Enterprise, Law on Investment and series of new polices, strengthern administrative reforms, create favourable conditions for the enterprises’ development. Dong Nai Province has always considered the enteprises’ development as the results of local government’s administrative management.
