In 7 months Dong Nai province licensed 55 new projects totaling nearly 540 million USD and agreed to increase capital for 64 ongoing projects worth 600 million USD. South Korea, Japan, and Singapore have the most projects in Dong Nai. In the reviewed period, the province has disbursed 900 million USD, surpassing its goal of 800 million USD.
Dong Nai province consistently reaches its goal of attracting 1 billion USD in FDI ahead of schedule.
Ho Van Ha, Director of Dong Nai province’s Department of Planning and Investment, said: “Dong Nai has consistently attracted FDI in order to complete highway infrastructure and the Long Thanh international airport. Well-placed industrial zones have attracted many domestic and foreign investors.”
Mai Van Nhon, Deputy Director of Dong Nai’s Industrial Parks Management Board, said project efficiency and conformity are more important than monetary value: “When approving projects, we place more importance on efficiency and environmental friendly aspects than on capital value. Selection criteria do not reflect the total value and selected projects should be in line with our orientation.”
FDI in the support industry accounts for 40% of all new projects. Previously almost all managers of FDI projects were foreigners, but now there are also Vietnamese. Foreign managerial skills and technology have been gradually transferred to Vietnamese partners.