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The number of domestic and foreign investment projects are higher than in the same period in 2022

(News Portal – Dong Nai) - In the first 11 months of 2023, attracting domestic and foreign investment projects was better than in the same period in 2022. However, the number of new projects of both domestic and foreign origins is still concentrated mainly in industrial zones. 

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A view of Long Duc Industrial Park 

* Signs of improvement

In the first 11 months of 2023, the total domestic investment capital registered for issuance of investment certificates, investment policies (excluding projects winning auctions and bidding) and adjusting to increase and decrease capital is about 12,486.937 billion VND, more than 4.9 times higher than the same period in 2022 (2,536,316 billion VND). Of which: 20 new projects are granted (13 projects in the industrial park, 7 projects outside) with a total registered capital of 6,368,986 billion VND (same period in 2022 attracted 10 projects with a total registered capital of 1,075,929 billion VND). There are 12 projects increasing their capital with additional capital of 6,137,951 billion VND, 1 project (in the industrial park) decreasing its capital with reduced capital of 20 billion VND. Accumulated as of November 20, 2023, the number of valid projects is 1,092 projects with a capital of more than 318,123 billion VND. ​

Foreign investment in the 11 months of 2023 accounted for 1059.47 million USD, reaching 97% over the same period in 2022 (reached 1087.7 million USD) and reaching 96.3% of the year plan (1,100 million USD), of which: 65 new projects with total registered capital of 317.8 million USD (compared to the same period in 2022, equal to 71% of newly registered capital) and 85 projects with increased capital with total additional capital 741.67 million USD (compared to the same period in 2022, a 1.6-time increase in additional capital).  

Regarding new investment attraction fields: 63 projects with a total capital of over 317.65 million USD in industrial parks; 2 projects outside of industrial parks with a total capital of 147.38 USD in the field of education.

* Small scale projects

Newly attracted FDI projects have an average investment of 6.0 million USD/ha, an average number of employees of 111 people/ha. There are no projects in the list of industries that cause environmental pollution and are not labor-intensive; ensuring criteria for advanced technology, skilled labor, projects in the field of supporting industries, limiting projects that use a lot of unskilled labor, outdated technology, affecting the environment, ensuring compliance with the investment attraction orientation of Dong Nai province. However, most projects are small and medium-sized, or renting factories.

Regarding the scale of investment capital: in the first 10 months of 2023, the province attracted 8 projects with investment capital of 10 million USD or more. These new production projects have relatively small scale and investment capital, renting factories to operate; high energy supply projects (rooftop solar power); have not attracted large projects due to limited industrial land available for lease.

Regarding industries attracting investment: attracted 33 new projects in the supporting industry (accounting for 52.4% of new projects) with registered investment capital of 236.52 million USD, accounting for 74.5% total new registered capital. The province attracted 1 FDI project (investment capital of 80 million USD) and 1 domestic project (investment capital of 650 billion VND) with high technology nature. Accumulated to date, the number of valid FDI projects is 1,593 projects with a capital of 34.05 billion USD.  

Author: Thanh Hoa

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