Dong Nai targets US$1.1 billion attraction in FDI in 2022

VOV.VN - The southeastern province of Dong Nai is striving to attract approximately US$1.1 billion in foreign direct investment (FDI), including roughly US$700 million from industrial parks and US$400 million outside industrial zones.

This information was released by Nguyen Thi Hoang, vice chairwoman of the Dong Nai provincial People's Committee, during a meeting held with FDI enterprises on March 25.

According to Nguyen Thi Hoang, despite facing a range of difficulties caused by the COVID-19 pandemic last year, Dong Nai's import and export activities enjoyed a trade surplus of US$3.154 million. Currently, FDI inflows into the province stand at over US$32.4 billion and domestic investment capital is at VND300,000 billion.

According to a representative of the Korean Business Association in Dong Nai, foreign partners require the use of renewable energy in the production method in order to protect the environment, meaning that several businesses have a strong desire to install solar panels. However, many are left confused by the complicated and difficult procedures.

Furthermore, Doan Chi Minh, general director of the Taiwan Trade Association in Vietnam, said that amid the COVID-19 pandemic, FDI enterprises have encountered a labour shortage. This can be overcome by gradually switching to automation, although he hopes that Dong Nai province's administration will adopt a policy aimed at supporting training establishments in a bid to further reduce the labour shortage.

Moreover, Minh proposed recalculating social insurance contributions for foreign workers. “The social insurance premium rate in 2022 is 22%, of which 8% of employees and 14% increase of employers are huge numbers, affecting businesses and incomes of foreigners working in Vietnam. We hope that the Dong Nai provincial administration will send feedback to the Central Government for consideration and adjustment," Minh suggested.

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