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ASEAN to boost investments in Dong Nai

The ASEAN countries have invested nearly 4.24 billion USD in Dong Nai in the past few years. Especially in the past 2 years, the total capital invested by the ASEAN countries in the province was twice as much as the years before that.​


The ASEAN countries have boosted their investments in Dong Nai in order to receive benefits from the ASEAN Economy Community and the free trade agreement signed and to be signed by Vietnam. At the same time, Dong Nai is one of the key economic areas which have many complete industrial zones (IZ) and traffic gateways to facilitate road, waterway and airway transportations.

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 Food processing in CP Corp (Thailand)
 
*Singapore and Thailand are on top

 
According to Department of Planning and Investment, until July 28th, 2016, there have been 6 ASEAN countries invested in the province with the total capital of nearly 4.24 billion USD: Singapore, Thailand, Malaysia, Brunei, Indonesia and the Philippines. The top 2 countries with the highest capital are Singapore with 2 billion USD, 50 projects and Thailand with 1.4 billion USD, 37 projects. Those two countries invested mostly in industrial zone, urban area and agriculture infrastructure.
 
As the second biggest ASEAN investor to invest in Dong Nai, Thailand was deliberate in choosing the right time to promote their investment which was relatively successful. Some highlights are Amata Corporation successfully invested in Amata IZ (Bien Hoa) and made it a national model IZ. And not until 20 years later did the Corporation invest in another IZ – Long Thanh Hi-tech IZ and 2 Long Thanh urban area projects with the total capital of about 635 million USD.
 
Ms. Somhatai Panichewa – General Director of Amata Jsc. Vietnam – confirmed: “I decided to invest in Long Thanh Hi-tech IZ and I hope that when it goes to operation, it shall attract a lot of investors from Thailand, Japan, Korea and many other countries. Nearby the Hi-tech IZ, Amata Corp also implement two urban area projects. With the benefit of having the projects next to the Ho Chi Minh – Long Thanh – Dau Giay highway route, we are confident that all of them shall be successful!”
 
The Waterfront urban area project which was implemented in Long Hung commune (Bien Hoa) with the area of 367 ha and the total capital of 750 million USD was invested by the cooperation between Singapore and Vietnam. “Donacoop and Singapore investor cooperated to construct the Waterfront project, which is one of the 6 under construction projects in Long Hung new urban area; and it shall be a compound when finished”. The Dai Phuoc Lotus project in Ong Con isle (Dai Phuoc commune, Nhon Trach district) was planned to have the area of about 200 ha with the total invested capital of 400 million USD. It is located in Dai Phuoc Eco-park and urban area (465ha) and was invested by VinaCapital Corporation (Singapore) and Development and Investment Company (DIC)…
 
*Continuing to attract more capital
 
Dong Nai is among the 4 provinces that attracted the most FDI investment in both new projects and existing projects.
 
Mr. Sofian Akmal Abd. Karim – Consul General of Malaysia in Ho Chi Minh City said: “Malaysian Enterprises are investing in Dong Nai on paper and timber and it is relatively successful. Malaysian Enterprises currently desire to invest in the province on Tourism, Real Estate, Electronic and Telecom”. The reason why many ASEAN enterprises chose Dong Nai is that the province has more potential than the others in transportation and supporting industries… “There were some big Thailand corporations which chose Dong Nai to have their first investments and only after the investments were successful did they decide to expand their investments to the other provinces. Dong Nai has the economic development potential and in the near future, there shall be more Thailand enterprises invest in the province on more fields” – Said Ms. Ureeat Ratanaprukse – Consul General of the Kingkom of Thailand in Ho Chi Minh City.
 

To have a positive investment environment to attract ASEAN enterprises as well as other foreign enterprises, Dong Nai regularly held meetings to discuss on many fields in order to solve any difficulties that the enterprise encountered. The province is also focusing on administrative procedures revolution, publishing the procedures and files online, reduce profile processing time for construction, taxation, custom… Chairman of Provincial People’s Committee - Mr. Dinh Quoc Thai said: “Foreign enterprises who encountered any difficulties can call, send email or sign up for a direct meeting with the provincial heads for the solutions. If the issue is at a higher level, the province shall recommend the solutions from the Government”.

 
Huong Giang
 

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