Small but quality FDI projects invested in southeastern localities

Jun 11th at 13:48
11-06-2024 13:48:12+07:00

Small but quality FDI projects invested in southeastern localities

New foreign direct investment (FDI) projects in southeastern localities in the first five months of 2024 are not large but friendly to the environment and apply high technologies.


Specifically, new projects in Ba Ria-Vung Tau province operate in the sectors of biology, electronics and high technology. Meanwhile, projects in Ho Chi Minh City and the nearby provinces of Binh Duong and Dong Nai, despite of their small or medium sizes, use advanced and environmentally friendly technologies while being less labour intensive and having high productivity.

Nguyen Tri Phuong, Head of the Dong Nai Industrial Zones Authority, said that the newly-licensed projects in his province are mainly in the semiconductor, electrical component, electronics, and mechanical engineering industries. There are no polluting or labour intensive projects, he noted.

Outstanding examples include the Silicon Carbide Vietnam Co. Ltd. and the Advanced Optics projects of the US-based Coherent Group with a total investment of 83 million USD.

In the first five months of this year, Ba Ria-Vung Tau lead the country in FDI attraction with over 1.5 billion USD, exceeding the number of the whole 2023 – 1.4 billion USD, according to the provincial Department of Planning and Investment.

Another bright spot is Dong Nai, which attracted 834 million USD to local industrial parks during the period, 19% higher than this year's target, Phuong said.

FDI projects are poured into Dong Nai and Ba Ria-Vung Tau thanks to their great infrastructure advantages. Dong Nai is home to Long Thanh International Airport, which is expected to become operational in 2026. Meanwhile, Ba Ria-Vung Tau boasts a deep-water port system that can handle big cargo vessels destined for around the world.




Vietnam among six ASEAN countries with good economic growth: Maybank

The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5 per...

State budget revenues from import-export grow 7.4% in five months

Total State budget revenue from import-export activities reached almost VNĐ165.7 trillion (nearly US$6.63 billion) in the first five months of 2024, equivalent to...

Policy on business registration to be revised

The Ministry of Planning and Investment (MPI) has finalised a new draft decree on business registration reforms to make it accord with several newly-issued laws.

Ministry issues an official dispatch to push public investment disbursement

The Ministry of Planning and Investment has issued an official dispatch, urging organisations to push ahead with the disbursement of public funds, as figures show...

Hanoi to hold dialogue with FDI firms in August

The event will be attended by the representatives of between 50 and 60 foreign companies that are active in Hanoi.

Pioneering sustainability reporting increases value for businesses

Sustainable development has become an inevitable trend so enterprises need to build and disclose information about the issue to increase their value and optimise...

Seminar seeks solutions to help Việt Nam achieve net-zero goal

France is willing to collaborate with Việt Nam to enhance co-operation activities in the field of green development and net emission reduction through the provision...

​Vietnam raises economic connectivity initiatives at St. Petersburg int’l forum

Vietnamese Deputy Prime Minister Tran Luu Quang has put forward three initiatives to promote economic links between countries in the Eurasian region at the 27th St...

US economy status recognition of significance for Vietnam: Deputy PM

Bilateral trade between the two countries amounted to US$38.6 billion in the first four months of 2024, with the US remaining Vietnam's largest export market.

​Vietnam aims to boost trade with New Zealand to $3bn in 2026

Prime Minister Pham Minh Chinh has called for more efforts from both Vietnam and New Zealand to bring two-way trade to US$3 billion in the upcoming two years, the...


Back To Top