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|Dong Nai is trying to bring up its IP infrastructure to par with demand|
Notably, three IZs are the 253-hectare Long Duc 3, 2,627ha Bau Can-Tan Hiep in Long Thanh district, and 3,595ha Xuan Que – Song Nhan in Cam My district. These three IZs in Dong Nai were approved by the prime minister and added to the master plan on developing high-tech IZs through to 2020 with a vision to 2030.
These three IZs are expected to deal with the overload of existing IZs.
During the past year, high-speed industrial growth has made IZs cramped, with average occupancy ratio reaching approximately 80 per cent. According to the plan, the government approved Dong Nai to have 35 IZs, 31 of which are operational while the rest are in the land clearance and compensation stage.
According to Dong Nai Industrial Zones Management Authority, 20 of the 31 existing IZs are full. The remaining IZs are of a smaller scale, unsuited to meet the demand to hire land to develop large facilities. This is why the province plans to expand the existing IZs while simultaneously developing new ones.
In 2021, Dong Nai targets to attract about $700 million of foreign and VND2 trillion ($86.96 million) domestic investment.
Last year, Dong Nai attracted 66 foreign-invested projects worth $402.27 million and 26 domestic ones with more than VND2.3 trillion($100 million).
Along with Binh Duong and Long An, Dong Nai is one of the major industrial hubs adjacent to Ho Chi Minh City which has accelerated the planning and development of IZ infrastructure to catch the wave of shifting FDI flows.