Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
The Dong Nai Industrial Zones Authority (DIZA) reported that local industrial zones have lured over 350 million USD of FDI in October, including nearly 225 million USD invested in 11 new projects and over 126 million USD in five existing ones.
The 31 industrial zones in Dong Nai have attracted 82 new FDI projects with a total registered capital of more than 1.5 billion USD so far this year. Meanwhile, 75 FDI companies have added more than 592 million USD to their existing projects.
Most of the FDI capital this year went to production, processing, manufacturing and hi-tech projects. Notably, the Republic of Korea’s Hyosung Corporation earmarked 660 million USD for a hi-tech fibre production project in the locality.
The DIZA highlighted positive performance of locally-based FDI firms which gained more than 13.9 billion USD in revenues since the outset of 2015, a year-on-year increase of around 5 percent.
The authority noted that Dong Nai, located in the southern key economic region, considers FDI as a big growth engine but does not want to attract it at all costs.
It added in mid-2014, the province publicised a list of industries prioritised for FDI attraction, including support, processing and manufacturing projects using high technologies, and another list of industries that temporarily do not need investments, such as paper and paper pulp production.-VNA
Prime Minister Nguyen Tan Dung urged the southern province of Dong Nai to act on its potential, advantages and achievements to serve rapid and sustainable development.
The supporting industry makes up approximately 80 percent of newly-licensed FDI projects in southern Dong Nai province, said the provincial Department of Planning and Investment.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.