Dong Nai: Investors eye industrial parks beyond centre
Industrial parks located in mountainous areas or far from downtown Dong Nai province have caught eyes of more investors since early 2016 thanks to local efforts to develop transport infrastructure.
An industrial park in southern Dong Nai province. (Photo: baomoi.com)
Dong Nai(VNA) – Industrial parks located in mountainous areas or far from downtown DongNai province have caught eyes of more investors since early 2016 thanks to localefforts to develop transport infrastructure.
According to the DongNai Industrial Zones Authority (DIZA), Long Khanh Industrial Park in Long Khanhtown welcomed 43 projects, worth more than 100 million USD since the beginningof last year while over 80 million USD from 11 projects landed in Nhon TrachIII Industrial Park in Nhon Trach district. Four investment projects bumpedmore than 130 million USD into Dau Giay Industrial Park in Thong Nhat district.
It was estimated thatthe money poured in these IPs in combine accounted for over 40 percent of thetotal newly-registered investment of the province.
DIZA deputy head MaiVan Nhon said all the three parks are situated far from Bien Hoa city of thesouthern province. The locations seemed to make them less attractive thanothers as only few businesses, mostly in textile and footwear, settled there inthe past.
Roughly 30 percent ofland in Long Khanh Industrial Park was leased to ten investors in 2015, sevenyears after the park was rolled out in 2008. But thing has changed, theindustrial park has seen a dramatic rise in leasing applications over the lastyear, leading to a demand for more land. The province has proposed thegovernment to expand the estate by 200 hectares, added to the existing area of 180hectare, Nhon said.
He noted fastinfrastructure development that has made the IPs more accessible by roads isthe main reason behind that. Additionally, Bien Hoa city, Trang Bom and LongThanh districts where industries were earlier developed have become short ofworker supply so that investors had to turn their head to other areas withlarger labour pool.
Dong Nai currentlyhosts 32 industrial parks, covering a total area of 10,240 hectares, of whichapproximately 4,900 hectares, or over 71 percent, have been leased.
By the end of 2016, the province had 1,253 valid foreign investedprojects with total registered capital of 25.7 billion USD, with the Republicof Korea, Taiwan (China) and Japan being the largest investors.-VNA
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An industrial park in southern Dong Nai province. (Photo: baomoi.com) 
