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Positive results from domestic investment

​In 2017, domestic investment attraction in Dong Nai reached over 28.3 trillion VND, 2.5 times as high as the annual plan. Domestic projects mostly attracted investment in real estate, infrastructure and industry.


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 The residential project with commercial services, multi-storey and resettlement housing in Buu Long ward (Bien Hoa city) has a total capital of over 834 billion.
 
According to the Department of Planning and Investment, in 2017, the province has attracted about 83 projects in the country. Particularly, there are 69 new projects with a total registered capital of more than 24.5 trillion VND and 14 projects with more than 3.7 trillion VND of increased capital.
 
Many major projects
 
Dong Nai's domestic and foreign investment attraction is expected to halt as the US withdraws from the Trans-Pacific Partnership (TPP). Besides, the province has been quite selective in attracting investment, particularly, only inviting environmentally friendly projects related to modern technology, supporting industries, infrastructure and commerce. Projects with high pollution risks and excessive use of unskilled labor will be rejected. However, Dong Nai is still a promising land for domestic investors so many large projects from a few hundred to thousands of billion invested in the province.
 
Mr. Le Van Danh, Deputy General Director of Tin Nghia Corporation, said: "This year, the corporation has registered nearly VND 5 trillion to implement the service center project in Hiep Phuoc and Long Tho communes (Nhon Trach). The project covering an area of over 50 hectares is currently in clearance compensation phase. Upon completion, the project will provide services for a wide variety of fields such as commerce and service centers, financial centers, medical centers, vocational training institutions, sport centers, recreational areas, restaurants and hotels ... This is the largest domestic project in the province in 2017.
 
As for the field of infrastructure, there are water supply projects with registered capital of more than 300 billion. Mr. Duong Dao Truong Tho, Director of Gia Tan Water Supply Joint Stock Company, said: "In 2017, the company invested in 5 water supply systems in the communes of Gia Tan 1, Gia Tan 2, Gia Tan 3, Gia Kiem, Quang Trung and Dau Giay urban areas of Thong Nhat district with the total registered capital of over 300 billion VND. By now, the compensation and ground clearance stage has been completed. "It is expected that in early 2018, the company will started construction so that the project will be complete within a year to provide clean water to people in the above mentioned areas of Thong Nhat district.
 
Abundant capital sources
 
Investors of domestic projects said that the capital for implementing the project is abundant, so if there is clear land available, they will be implemented very quickly. Projects invested in the industrial zone are enjoying quite favorable conditions because there are available premises. Therefore, after granting the investment license, enterprises can immediately implement the construction of workshops and production of goods.
 
Mr. Nguyen Le Anh Tuan, General Director of Dong Nai ATAD Steel Structure Joint Stock Company, said: "ATAD has selected Long Khanh Industrial Zone (Long Khanh Town) to set up the state-of-the-art modern steel structure factory in Southeast Asia. Due to the availability of clear land, fast investment procedures and abundant capital, the company has completed the factory and assembled the machines in a short time. The projects of local investors are quite diverse in many fields such as real estate, infrastructure, industrial production and agriculture...
 
Director of the Department of Planning and Investment Cao Tien Dung said: "Attracting domestic investment in 2017 exceeded the plan about 2.5 times. There are many new investment projects with large capital suitable for the province which are calling for investment. Large capital projects are mainly located outside industrial zones, including residential areas, water supply, agricultural production and wood processing ...".
 
According to Dung, Dong Nai is still an attractive destination for domestic and foreign enterprises because of good roadway, waterway and railway transport systems. Especially when the construction of Long Thanh International Airport and other highways are finised and put into operation, the transportation of goods and enterprises will be faster and less costly.
 
In 2017, there were five largest domestic projects including: the service center projects in Hiep Phuoc and Long Tho communes (Nhon Trach), with nearly VND5 trillion of the registered capital; residential area project with commercial services, multi-storey and resettlement housing in Buu Long ward (Bien Hoa city) with over 834 billion of total registered capital; clean chicken breeding project in Xuan Hoa commune (Xuan Loc district) with 376 billion of registered capital; the clean water supply system project in Thong Nhat district with over 300 billion dong and the project of wood processing factory for export in Long Phuoc commune (Long Thanh district) with about 200 billion dong.
 
Chairman of the provincial People's Committee Dinh Quoc Thai said that for many years, the province has always been committed to accompanying enterprises so that every year there are meetings for domestic and foreign enterprises to address difficulties and create the favorable conditions for investors.. Besides, the province has simplified and shortened dossier procedures for enterprises to complete the project.
 
Hương Giang
 

 

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