Dong Nai gets ready to welcome FDI moving out of coronavirus-hit China

The southern province of Dong Nai plans to build industrial parks and expand existing ones to be ready for the shift in foreign direct investment flows from China to Viet Nam because of the COVID-19 pandemic, which has hit that country hard.

 

Thanks to Viet Nam’s efforts to combat the novel coronavirus pandemic, in the first 5 months of this year, Dong Nai attracted a total of US$612 million in FDI, according to its Statistics Office.

Nguyen Thi Cam Hong, deputy general director of the Dau Giay Industrial Zone Joint Stock Company, said some South Korean and Japanese investors came to survey the industrial zone last month.

To welcome new FDI inflows, the province plans to build industrial parks at Long Thanh, Cam My, Thong Nhat, Trang Bom, and Nhon Trach districts and Long Khanh Town, each between 200ha and 900ha in size.

It will also expand existing ones, which are all nearly full, such as Amata, An Phuoc, Long Duc, Tan Phu, Xuan Loc, Ho Nai, Song May, and Long Khanh.

Cao Tien Dung, chairman of the province People’s Committee, said he had proposed at a meeting with Prime Minister Nguyen Xuan Phuc last month that priority should be given to inter-regional infrastructure works, especially highways such as Ben Luc-Long Thanh, Dau Giay-Phan Thiet and Dau Giay-Lien Khuong and Ring Roads No 3 and 4 and logistics systems and ports.

So far 1,700 companies have invested in Dong Nai, including over 1,200 foreign ones from 43 countries and territories, who have brought in US$24 billion.

To attract investment in industry, Dong Nai has established contacts with localities and companies around the world.

Besides industrial parks, related services like logistics, construction, healthcare, and housing are also developing rapidly in Dong Nai.

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