Dong Nai (VNA) – The southern province of Dong Nai is likely t꧂o attract double the targeted 1 billion USD foreign direct investment (FDI) this year.
As of May 31, total FDI had reached 883 million USD, including 332 million USD in 50 new projects and the remaining added to 38 existing projects, said Director of the provincial Department of Planning and Investment Cao Tien Dung.
The province has so far drawn more than 1,600 FDI projects capitalised at nearly 29 billion USD, including 1,200 now operating with a combined worth of more than 24 billion USD, mostly from Japan, the Republic of Korea and Taiwan (China), who specialise in support industry, electronics and high technology.
Mai Van Nhon, deputy head of the provincial management board for industrial parks, attributed the positive FDI attraction to the province’s location in the southern key economic zone and its access to National Highways 1A, 51, 20 and the Ho Chi Minh City – Long Thanh – Dau Giay expressway and north-south railway.
It is also thanks to the administrative reforms that have taken place, including the application of the national single window mechanism, he added.
The duration for investment licensing in Dong Nai lasts no later than 10 days, and 90 percent of investment certificates are granted to investors on schedule. The time for processing other procedures online has been halved.
The board also serves as a bridge to connect firms with State management agencies, Nhon said.
Dong Nai has increased investment promotion in many countries, particularly in Japan.
With the launch of Kansai Table in the locality three years ago, Japanese capital inflows to Dong Nai have soared, accounting for half of newly-licensed projects.
Dung said the ongoing construction of the Ben Luc-Long Thanh highway and Long Thanh airport, and other transport routes is also an advantage to attracting FDI.-VNA
The southern province of Dong Nai reeled in 982 million USD in foreign direct investment (FDI) in January-April, surpassing its original 900 million USD target for this year.
Dong Nai attracted about 1.57 billion USD in FDI capital from the beginning of this year, up 70 percent compared to the same period last year and surpassing this year’s target by 57 percent.
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
Nearly 400 FDI companies in the southern province of Dong Nai have increased their minimum monthly wages by about 500,000 VND (22.3 USD) for each worker on average.
The southern province of Dong Nai attracted 448 million USD of foreign direct investment (FDI) in the first three months of this year, an increase of 311 percent against the same period last year.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: VNA)
