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Many foreign investors increased their investments in Dong Nai province

(News Portal – Dong Nai) – Dong Nai province is an extremely attractive location to domestic and international investors. It is only attracting new investors, many foreign direct investors (FDI) that have been operating in Dong Nai for many years are also increasing their capital for their businesses.

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Production of household appliances of a Japanese enterprise in Amata Industrial Park 

For example, 4 projects of FDI enterprises granted investment registration certificates in the first days of 2024 have increased their total investment capital by 217 million USD.

Increasing capital for expanding production

Since 2023, many FDI enterprises with at least 10 years of operation in Dong Nai province have regularly adjusted their capital amounts in 2023 in order to expand production and business activities, corporations such as Nestlé from Switzerland, Hyosung from Korea, Taiwan’s Kenda...

Most recently, in the granting investment certificates in early 2024 by the Provincial People's Committee, Nestlé Vietnam Limited in Amata Industrial Park (Bien Hoa City), part of Nestlé Corporate, continued to increase 100 million USD in capital, bringing the total investment capital in Nestlé Tri An Factory to 502 million USD. Increasing investment capital helps the factory play an important role in improving productivity and capacity, being able to produce high-quality, premium coffee products for export to demanding markets, such as: Japan, United States, Korea, Europe. The increase in investment also contributes to creating jobs for workers at the factory as well as workers in affiliated partners.

Hyosung Dong Nai Company Limited in Nhon Trach V Industrial Park (Nhon Trach district) belongs to Hyosung Group and has invested in Vietnam since 2007. After more than 16 years of establishment and development, Hyosung has become an FDI enterprise with the largest amount of capital investment in Dong Nai with about 2.2 billion USD. Recently, the investor decided to increase investment capital by 19 million USD, bringing the total investment to 944 million USD for the Hyosung Dong Nai Company Limited project.

Other companies, such as: Kenda Rubber (Vietnam) Co., Ltd. of Kenda Group in Giang Dien Industrial Park (Trang Bom District) has also just increased its investment capital by 80 million USD; Anctek Vietnam Co., Ltd., part of Singapore's Ningbo Dechang Singapore Pte. Ltd in Giang Dien Industrial Park, increased investment capital by 80 million USD; project of SMC Manufacturing Vietnam Co., Ltd. (Japan) increased investment capital by 120 million USD...

Create conditions to earn investors’ trust

In 2023, industrial parks in Dong Nai province had had 91 FDI projects increasing capital with a total capital increase of over 752 million USD and 9 domestic projects with capital increase of over 888 billion VND.

Entering 2024, the province has set a goal to attract investment capital exceeding the plan, mostly in industrial parks in Dong Nai with the amount around 700 million USD and 2 trillion VND. Of which, new investment attraction is 300 million USD for FDI projects and 1.5 trillion VND of domestic investment capital; attracting investment to increase capital expansion of 400 million USD and 500 billion VND. Therefore, right from the beginning of the year, the Dong Nai Industrial Zones Authority must focus and make efforts to attract investment and appraise applications for issuance of investment certificates as soon as possible for FDI projects.

Dong Nai prioritizes projects with large investment capital, using advanced technology and skilled labor (limiting projects that use a lot of unskilled labor, small scale, outdated technology, leaving negative impacts on the environment), projects in the field of supporting industries...  

According to Vice Chairwoman of the Provincial People's Committee Nguyen Thi Hoang, the province is committed to creating the most favorable conditions within the legal framework for investors. At the same time, investors are also requested to implement projects on schedule and with registered content. In the process of investment, production and business must be associated with environmental protection, prioritize the application of high technology in production, pay special attention to building corporate culture, establish harmonious and progressive labor relations, balance profit goals with adequate treatment of employees, create opportunities for employees to develop expertise, skills and enjoy a safe and respected working environment.  

Author: Nam Huu

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