Dak Nong province lures eight projects worth more than $8.4 billion

Dak Nong hosted a conference on March 23 to highlight the province's investment promotion plans.

Within the framework of the conference, the province granted investment certificates and memoranda on investment cooperation for projects in minerals, renewable energy, high-tech agriculture, healthcare, and real estate.

The investment certificates were granted to four projects with total investment of VND1.7 trillion ($68.6 million).

Vietnam ARABICA Coffee JSC will invest VND440 billion ($17.76 million) to develop the Cao Nguyen hotel and commercial Complex.

Gia Nghia Real Estate JSC will develop a residential area in Nghia Trung ward with VND880 billion ($35.5 million), and Trans-Asia Hospital Investment JSC will build the Trans-Asian Hospital, Gia Nghia, worth VND260 billion ($10.5 million).

SEJIN F&S INC. also plans to invest VND150 billion ($6 million) in a factory to produce frozen sliced sweet potatoes in Tam Thang Industrial Park.

In addition, Dak Nong awarded memoranda on investment cooperation to four companies with total registered capital of $8.4 billion.

Specifically, TH Group will invest in minerals, renewable energy, high-tech agriculture, with $3.6 billion.

Duc Giang Chemical Group JSC has committed to making a $2.3 billion investment in minerals and other fields. Meanwhile, Viet Phuong Investment Group JSC plans to inject $1.5 billion into minerals and renewable energy.

Vietnam Mining Company Limited has also pledged $1 billion.

TH Group is the largest investor in Dak Nong, with $3.6 billion. The group plans to apply high-tech solutions towards sustainable development, and transform Dak Nong into its second hub for high-tech dairy farming and processing, after Nghe An.

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Chon Thanh-Dak Nong railway calls for investors The $715 million Chon Thanh-Dak Nong railway project is expected to be developed under the public-private partnership model.

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