Workers at a factory in Dong Nai province (Photo: VNA)Dong Nai (VNA) - Attracting foreign directinvestment (FDI) is a key aspect of the southern province of Dong Nai's socio-economicdevelopment strategy for 2020-2025, according to the provincial People’sCommittee.
A preferred destination for foreign investors in thesouth-eastern region, the province has taken a number of concrete measures toattract them, with priority given to projects that involve high technology, areenvironmental-friendly and less labour-intensive and to manufacture competitiveproducts.
The province would speed up investment to improve itsinfrastructure system, skill its workforce and modernise technology besidesstrengthening administrative reform to increase its competitiveness as an investmentdestination, said Cao Tien Dung, Chairman of the People’s Committee.
The province offers favourable conditions and end-to-end supportto investors to ensure their success, he said.
It has sped up administrative reform to streamline processinginvestment procedures, he said.
Better co-ordination among official agencies also helpsinvestors address issues related to administrative procedures.
New industrial parks are planned to be built in Xuan Loc, DinhQuan, Vinh Cuu, Thong Nhat, and Tan Phu districts and Long Khanh town, hesaid.
Many large companies are expected to invest in the province, headded.
Tran Duc Toan, a senior law department employee at Ajinomoto Vietnamat Bien Hoa 1 Industrial Park, said the province has done exceedingly well inadministrative reform, thus creating a good investment climate for enterprisesto invest in and operate.
Investment registration procedures have been simplified with theprocessing time reduced from one or two days to just one or two hours, headded.
Somhatai Paichewa, general director of industrial park developerAmata Vietnam, said her company is quickly creating infrastructure for the LongThanh High-tech Industrial Park to attract tech companies.
Many foreign tech companies plan to lease land and set upfactories in the park, she said.
Do Thi Thu Hang, chairwoman of Sonadezi Corporation, said hercompany targets sustainable industrial development while protecting theenvironment by using renewable and clean energy.
It prioritises enterprises in high-tech and clean energyindustries with high added-value, she said.
It is now focusing on improving infrastructure at industrialparks and the quality of products and services, she said.
So far the province has 1,523 FDI projects with more than 31billion USD in registered capital.
Of them, more than 1,350 worth a total of 26.5 billion USD arein industrial parks.
Of 47 countries and territories investing in the province,Taiwan, the Republic of Korea, Japan, ASEAN member countries, Europe, andAmerica are the leading investors./.
VNA
