Dong Nai pledges to be companion to FDI businesses
Authorities of the southern province of Dong Nai have held a meeting with foreign invested businesses to help address difficulties facing their operations.
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| Authorities of Dong Nai present merit certificates to FDI firms with outstanding business performance at the meeting on March 1 |
Vice Chairman of the provincial People’s Committee Tran Van Vinh said foreign invested enterprises are an important economic element helping with local development.
The number of valid foreign direct investment (FDI) projects in Dong Nai has surpassed 1,400 with total registered capital of 28.73 billion USD from 45 countries and territories. The biggest investors are the Republic of Korea (RoK), Taiwan (China) and Japan.
In 2018, Dong Nai surpassed its investment attraction and trade revenue targets, he noted, adding that FDI firms poured 1.92 billion USD into the province last year, and they contributed to over 43 percent of its gross regional domestic product.
At the meeting on March 1, Ahn Seong-ho, Commercial Counsellor at the RoK Consulate General in Ho Chi Minh City, said that Korean businesses have invested 63 billion USD into Vietnam so far. That includes over 7 billion USD poured into Dong Nai, making this province a major destination of the FDI flow from the RoK.
He noted that with an increasingly open investment attraction policy, the local administration has made efforts to create optimal conditions for businesses and remove obstacles facing them, thus facilitating their operations.
Vinh said local authorities pledge to be a companion to businesses. They always consider difficulties of businesses as their own so as to address those problems and help with firms’ development.
Dong Nai is part of Vietnam’s southern key economic region, which also covers Ho Chi Minh City and the provinces of Tay Ninh, Binh Phuoc, Binh Duong, Ba Ria-Vung Tau, Long An and Tien Giang.
