Industries serving as foundation for Dong Nai's economy

Producing clothes for export at Dong Tien Joint Stock Company (Amata Industrial Park, Bien Hoa City)

Leverage for the economy is industry

Industry - construction accounts for nearly 60% of the province's economic structure, which is also a major contributor to economic development in the area. In the period of 2021-2025, the province will continue to give priority to industrial development to support the economy towards sustainable economic development. In the industrial sector, the province focuses on attracting supporting industries, industries that apply 4.0 technology to bring high added value.

Currently, the Industrial Zones in the province have attracted more than 2,000 projects of enterprises with domestic investment capital and enterprises with foreign direct investment (FDI). In which, there are 1,380 FDI projects with a total registered capital of nearly US$27.6 billion and 624 domestic investment projects with a total investment capital of nearly VND68.4 trillion. Currently, nearly 1.8 thousand projects in Industrial Zones in Dong Nai have been put into operation, with annual revenue of about US$25 billion, more than 60% of revenue from exporting goods.

Ms. Nguyen Thi Hoang, Vice Chairperson of the Provincial People's Committee said: "The province's industrial development orientation to 2025 is to attract large economic groups with potential in technology and finance. Since then, strongly develop supporting industries and high-tech application industries, step by step realize the goal of greening production, giving priority to attracting industrial projects for key industries such as mechanical engineering, electricity, electronics, clean food processing; environmentally friendly projects; industrial projects with high product localization rate, contributing to increasing the product value chain and promoting the development of domestic enterprises.

Industrial development helps the province's budget revenue increase, creates jobs with stable incomes for many workers inside and outside the province, and promotes the growth of the trade and service sector.

 Production of clothes for export at Dong Tien Joint Stock Company

(Amata Industrial Park, Bien Hoa City)

Prioritize investment in transport infrastructure

Dong Nai has determined that the rapid implementation of technical infrastructure projects, especially traffic projects, is the solution to create a breakthrough for the developing economy.

Mr. Ho Van Ha, Director of the Department of Planning and Investment said: “From the beginning of 2022, the Provincial People's Committee has directed departments and localities to promptly implement solutions to remove difficulties and obstacles to speed up the progress of projects and disbursement of public investment capital. At the same time, focus on attracting investment capital from the whole society, prioritize allocating capital sources for traffic projects connecting the region, rural and urban traffic to serve the local socio-economic development. With the motto "Making public investment to lead private investment", the province will focus on works and projects with high pervasiveness.

In the 2022 plan, Dong Nai will mobilize more than VND100 trillion of social capital to invest in technical infrastructure works and projects, production and business for socio-economic development, contributing to the socio-economic development and increase income for people in the province.

According to enterprises, if the province wants to mobilize large social capital to invest in works, projects, production and business, it must promptly remove obstacles related to investment, land and construction. If the above procedures are shortened, many works and projects will be completed on time and put into operation, which will create a breakthrough in the local economic development.

Mr. Le Van Kiem, Chairman of the Board of Directors of Long Thanh Golf Investment and Trading Joint Stock Company (Bien Hoa City) said: “Over the past time, the company has proposed to the Government to simplify and shorten the investment procedures of Industrial Zones so that the company can deploy the project in Dong Nai Province soon. There is very little land for industrial development in the province. With quick completion of documents, enterprises can soon build an Industrial Zone to attract secondary investors to lease land for production factories, contributing to the industrial development.

                                                                                         Vi Quan