Taiwan to become Dong Nai’s largest investor
Taiwan to become Dong Nai’s largest investor
Taiwan Core Pacific Group is seeking investment opportunities in fields like petrochemical manufacturing and industrial park and residential real estate construction in Dong Nai.
On April 19, Lin Ko Ming, vice chairman of Taiwan’s Core Pacific Group, visited Dong Nai and expressed interest in some potential investment sectors. The group asked for a land parcel of 100 hectares for petrochemical manufacture, and other areas to develop apartment buildings.
Core Pacific Group is one of the leading groups in Taiwan with a total value of $5 billion. Core Pacific Group operates in the petrochemical industry, infrastructure, urban development and operation, and financial services.
Vice Chairman of the Dong Nai People’s Committee Tran Van Vinh said that Taiwan ranks second among the 45 countries and territories investing in Dong Nai, with the total registered capital of over $5.2 billion.
Taiwanese businesses have invested much in the province, but there is no industrial park infrastructure. Investment in urban areas is very promising in Dong Nai, because if the investment plan complies with the provincial master plan, the project will receive support in dealing with administrative procedures.
According to the Dong Nai Industrial Zones’ Management Board, the province attracted 1,733 FDI projects by the end of 2017 with the total investment capital of $31.3 billion.
Despite laying down stricter conditions for investment projects, FDI capital pouring into the province continued to increase this year. In particular, disbursement reached $1.1 billion, equivalent to 88 per cent of the total registered capital.
