Dong Nai province prioritises hi-tech FDI projects
The southern province of Dong Nai has given priority to FDI projects using advanced technologies and fewer workers in recent years, said a provincial official.
Shirts are made at a garment factory. Illustrative image (Photo: VNA)
Dong Nai (VNA) – The southern province ofDong Nai has given priority to foreign direct investment (FDI) projects usingadvanced technologies and fewer workers in recent years, said Deputy Directorof the provincial Department of Planning and Investment Nguyen Huu Nguyen.
Nguyen said Dong Nai has attracted 1,711 FDI projects worth31 billion USD, 1,294 of them are valid with a total registered capital of26.19 billion USD. As much as 18 billion USD has been disbursed so far.
Nearly 900,000 labourers are working at businesses in andoutside industrial parks. Recently, many of the migrant labourers have moved tonorthern and central cities and provinces for work, making it hard for FDIfirms in Dong Nai, especially those operating in the labour-intensive sectorssuch as apparel and footwear, to recruit enough workforce.
Since 2014, the German government has assisted Vietnamin vocational training via Bosch Technical Industrial Apprenticeship (TGA)training centre and LILAMA 2 vocational training college.
Mai Van Nhon, deputy head of the provincial managementboard for industrial parks, said technology transfer is one of the first andmost crucial commitments of foreign investors when they seek to get licenses.
Dong Nai is now home to 6,400 workers who are foreignexperts working in industrial parks, more than 1,000 of them are seniorpersonnel, he said, adding that technology transfer is gradually underway with importantpositions being transferred to Vietnamese instead of foreign workers.
Economists commented that the selection of projectsusing technological advances to create high added value and use less workforceis an important transformation amid the booming industrial revolution 4.0.-VNA
The total registered capital and added capital of businesses in Dong Nai province amounted to 24 trillion VND (1 trillion USD) in the first half of 2017, a year-on-year increase of 115 percent.
The People’s Committee of the southern province of Dong Nai and the provincial Customs Department held a dialogue with over 100 Japanese businesses to help them extricate difficulties.
The southern province of Dong Nai served over 2 million visitors in the first six months of this year, generating revenues of nearly 640 billion VND (28.16 million USD), a respective rise of 9.4 percent and 12 percent year on year.
Nearly 428 million USD in foreign direct investment (FDI) was disbursed in the southern province of Dong Nai since the beginning of this year, equivalent to 54 percent of its annual plan.
Southern provinces and cities will strive to achieve total retail sales and services revenue of more than 2.07 quadrillion VND (91.4 billion USD) and total export revenue of 104.9 billion USD in 2017.
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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.
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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.
Shirts are made at a garment factory. Illustrative image (Photo: VNA) 
