Đồng Nai gets ready to welcome FDI moving out of coronavirus-hit China
ĐỒNG NAI — The southern province of Đồng 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, Đồng Nai attracted a total of US$612 million in FDI, according to its Statistics Office.
Nguyễn Thị Cẩm Hồng, deputy general director of the Dầu 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, Cẩm Mỹ, Thống Nhất, Trảng Bom, and Nhơn Trạch 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 Phưoc, Long Đuc, Tan Phu, Xuan Loc, Hố Nai, Song May, and Long Khanh.
Cao Tiến Dũng, chairman of the province People’s Committee, said he had proposed at a meeting with Prime Minister Nguyễn Xuan Phuc last month that priority should be given to inter-regional infrastructure works, especially highways such as Bến Luc-Long Thanh, Dầu Giay-Phan Thiết and Dầu Giay-Lien Khương and Ring Roads No 3 and 4 and logistics systems and ports.
So far 1,700 companies have invested in Đồng Nai, including over 1,200 foreign ones from 43 countries and territories, who have brought in US$24 billion.
To attract investment in industry, Đồng 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 Đồng Nai. — VNS
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