APEC member nations to consider Dong Nai an investment attraction

Attract more conglomerates

With the advantages of transport infrastructure and climate, Dong Nai is the investment destination of many enterprises in APEC. Most of the enterprises investing in the province have become successful in producing and trading and have increased their capital much higher.

Mr. Shinji Watanabe, General Director of Fujitsu Computer Products Limited Company in Bien Hoa Industrial Zone 2 (Bien Hoa City), said: "Fujitsu Group has invested in manufacturing electronic components more than 20 years and we have gained significant success. Over the years, the company has continuously expanded its production, adding new products for export and domestic consumption. Fujitsu is the leading export company in the field of electronics. Due to the effective production and business activities, the initial capital of the company, which was only a few tens of millions of dollars, now has increased to nearly 200 million.

After 10 years of operation in Dong Nai, Hyosung Group has now become the leading organization in total investment capital which is now USD 1.5 billion. After the success in Dong Nai, Hyosung Group is expecting to continue expanding its investment into other provinces and cities. "In the past years, Hyosung has been continuously expanding its production to fulfill large orders placed by enterprises from different countries. Hyosung Vietnam provides fiber materials to many major brands in the world, including spandex and fiber for automobile tires which account for the largest market share in the world," - said Mr. Yoo Sun Hyung, Executive Director of Hyosung Vietnam Ltd. in Nhon Trach Industrial Zone 5 (Nhon Trach District).

In the middle of 2010, Esquel Group (Hong Kong) came to Dong Nai to establish Asia Garment Manufactory Co., Ltd in Amata Industrial Park (Bien Hoa City), making investment in textile and garment. After a period of effective operation, Esquel has continuously recruited more laborers and expanded its investment to fulfill large orders from overseas. "Esquel will continue to expand its investment in Dong Nai, but it will focus on high technology to add more value to its products," said Mr. Marjorie Yang, Esquel's chairman. Besides, many other corporations have also continuously expanded their capital investment in Dong Nai, such as Kenda, Amata ...

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For the last 3-4 years, the number of foreign investors making investment and increasing capital in Dong Nai always exceeds the plan of the province. Although the province attracts investment selectively by only accepting high-tech projects that are environmentally friendly, but according to ambassadors and consuls general of the country, Dong Nai is still the destination catching the attention of many foreign companies. Especially, when the construction of Long Thanh International Airport is complete, Dong Nai will be the place where many enterprises choose to invest in various fields.

Mr. Park Noh Wan, Consul General of Korea in Ho Chi Minh City, said: "Many Korean companies have asked the consulate as their source of information to help them understand the investment environment of Dong Nai province. In the field of supporting industries, construction and services, many reputable companies are keen on investing in the construction category of Long Thanh International Airport. South Korean companies that came to invest successfully have helped other enterprises of this country feel more secure when making investment in the province. Therefore, over the past two years, Korea has ranked first in 43 countries and territories investing in the province.

In addition, Japanese enterprises are also speeding up investment in supporting industry in Dong Nai. This is the file of which the province is encouraging to increase the localization rate of products. At the beginning of 2017, more than 20 enterprises of Sakai, Osaka Prefecture (Japan) specialized in the fields of mechanical engineering, steel, electricity, electronics ... went to Amata, Long Duc and Nhon Trach Industrial Park 3 ... to study the investment environment. After that, some enterprises have made their investment in the field of supporting industry in the province.

Mr. Cao Minh Chuyen, General Director of Japanese Small and Medium Enterprise Development Joint Stock Company (Nhon Trach Industrial Zone 3, Phase 2, Nhon Trach District), said: "After more than 2 years of establishment, The company has attracted 33 companies to lease manufacturing factories, including Japan has 23 enterprises from Japan. Currently, the company continues to build more facilities for companies from Japan as well as other countries to make investment in production. According to Mr. Nguyen Huu Nguyen, Deputy Director of the Department of Planning and Investment, Dong Nai is the destination that catches the attention of many businesses from APEC member nations. In recent years, their investment in Dong Nai province has increased sharply, accounting for nearly 70% of total foreign investment in the province.

APEC currently has 21 members with a population of about 2.8 billion and accounts for 57% of the world's total products. Member nations of APEC include Australia, South Korea, USA, Thailand, Vietnam, Russia, Japan, Taiwan, Singapore, China, Malaysia, Philippines, New Zealand, Brunei, Mexico, Peru, Chile, Hong Kong, Papua New Guinea, Canada, Indonesia. Vietnam joined APEC in November 1998. APEC member nations are currently the largest import and export markets of Dong Nai and also the biggest investment partners of the province.