The southern provinces of Binh Duong and Dong Nai have given top priority to projects with high added value and rolled out the red carpet for investors with technological breakthroughs.

Long Duc industrial park in Dong Nai province 

According to Nguyen Thanh Truc, director of Binh Duong province’s Department of Planning and Investment, the province has lured more than 1.8 billion USD in FDI so far, up 87 percent year-on-year and exceeding its plan by 31 percent.

 Notably, the province drew a large-scale project from Japan-based Nippon Telegraph & Telephone (NTT) Group worth 171 million USD. NTT and Vietnam Technology and Telecommunication Joint Stock Company will join hands to provide cloud-based wifi for local enterprises, build optic cable systems and offer ICT solutions.

 According to Vice Chairman of the provincial People’s Committee Mai Hung Dung, the province has maintained regular dialogues with large investors like China’s Taiwan, Japan and the Republic of Korea to tackle their challenges while doing business in the locality.

 Meanwhile, Dong Nai province is working to solicit foreign investments in various sectors. 

 As the occupancy rate at local industrial zones has already reached 81 percent, with only 1,300 hectares of space remaining for lease, the province will be more fastidious about choosing foreign investments, with a focus on high-tech projects which are environmentally friendly.

 The province welcomed more than 1.1 billion USD of FDI in the first seven months of this year, up 16 percent from the same period last year.

 An outstanding project in the support industry is the 72 million USD plant invested by Japanese Otsuka Techno at Nhon Trach Industrial Park, aiming to produce 11 million square metres of plastic film and 220 million plastic ports each year.

 Vice Chairman of the provincial People’s Committee Tran Van Vinh said the locality will hold an investment promotion event in Japan in mid-September to attract investment in industry, agriculture and tourism.

 Besides, Long Duc industrial park has developed a range of preferential policies for Japanese investors, focusing on mechanics, electricity, electronics, high-quality materials, pharmaceuticals, stationery and interior décor.