Dong Nai licenses two foreign-invested projects, worth $30 million

Nguyen Thi Hoang, Vice Chairman of Dong Nai People's Committee, hands over the investment licence to the representative of Ziehl-Abegg Vietnam Co. - Photo baodautu.vn

Dong Nai - The People's Committee of the southern Dong Nai Province granted investment certificates to two foreign-invested projects worth US$30 million on Tuesday.

German Ziehl-Abegg SE will develop a $20 million plant to manufacture products related to ventilation systems. The plant is slated to be completed in late 2024.

Meanwhile, HKC Overseas Limited from China will implement a TV screen-producing factory valued at $10 million.

The committee's vice chairwoman Nguyen Thi Hoang praised the two large-scale projects, saying that they would play an important role in speeding up local economic development.

She suggested investors focus on environmental protection to work with local authorities towards green and sustainable industrial development in the process of implementing their projects.

Hoang added that local authorities would constantly make efforts to create an open, safe, transparent investment environment, offering businesses maximum support and considering their development as the province's success.

The province-based Industrial zones (IZs) have thus far this year attracted 37 new foreign-invested projects with a total registered capital $144.6 million, statistics from the Dong Nai IZs Authority showed.

During the period, 52 operating projects were allowed to increase capital by $545.7 million.

Dong Nai now has 1,585 valid foreign-invested projects, with a total capital of $33.8 billion, being one of the leading localities in the country, in terms of foreign investment attraction.

By the year-end, the province said it would continue to attract large-scale projects using advanced technology, skilled workers, and those in supporting industries.

At the same time, it would restrict projects that use a lot of unskilled labour, are small in scale, and have outdated technology, which affects the environment.

More than $370 million of FDI poured into Dong Nai province Dong Nai People’s Province granted five foreign-invested enterprises (FIEs) licences to increase their investment capital by a total of more than $370 million on March 31.

Widescale renovations needed for FIEs to thrive in Dong Nai Unfinished roads for industrial parks, dust pollution from airport construction, and lack of housing for on-site workers are just some of the difficulties facing foreign-invested enterprises in southern province of Dong Nai.

Southern region scales up logistics investment Localities in the southeast are expediting a raft of major infrastructure projects to realise the goal of shaping a logistics hub in the Southern Key Economic Zone.

Construction of terminal at Long Thanh int’l airport to begin in August Work on a passenger terminal at Long Thanh International Airport in southern Dong Nai province is scheduled to start in August, the Airports Corporation of Vietnam (ACV) announced at a working session on July 6 with the provincial People's Committee.