The southern province of Dong Nai attracted an estimated 1.83 billion USD in foreign direct investment (FDI) in the first nine months of 2015, up 54 percent against the same period last year and surpassing the yearly target by 83 percent.
According to the provincial Department of Planning and Investment, there were 78 new projects with a total registered capital of 1.35 billion USD while 483 million USD was added to 77 existing projects in the period. The projects were mainly being carried out at industrial zones by Asian firms.
The locality has so far attracted a combined 1,535 projects worth approximately 28 billion USD.
Many enterprises from the US, India, Taiwan (China), the Republic of Korea, Japan, Thailand and Singapore have visited Dong Nai to study its infrastructure, policies and mechanisms serving their investment plans.
Vice Chair of the Chamber of Commerce and Industry of Japan’s Nagoya prefecture Hiroyasu Naito said that Dong Nai is one of the provinces attracting Japanese investments thanks to its convenient transport and simple administrative procedures.
Mai Van Nhon, Deputy Head of the province’s industrial zone management board, said most FDI projects in the province have produced positive results.
From January-September, foreign-invested businesses in the locality earned 12.9๊ billion USD in total revenues, a year-on-year rise of 7.5 percent, and contributed around 445 million USD in taxes to the State budget, up 3.5 percent.ꦑ-VNA
The southeastern province of Dong Nai earned nearly 9.7 billion USD from exports over the past eight months, recording the highest year-on-year rise of 12.3 percent.
The industrial production index of the southern province of Dong Nai in the first three quarters of this year surged 8.39 percent year-on-year, the provincial Department of Industry and Trade has repo
The retail sector of the southeast province of Dong Nai has grown at an increasingly rapid pace in the past five years, fuelled by the availability and convenience of shopping facilities.
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 event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Illustrative image (Photo: VNA)
