The Pearl of Vietnam’s FDI Attraction: Dong Nai Shines in Q1 with Impressive Performance

Of the total foreign direct investment, 407 million USD was allocated to 29 new projects, while existing ventures attracted more than 520 million USD in additional funding. This was reported by the department at a recent conference, highlighting significant investments in the province.

Notable mentions include the Mapletree Logistics Park Tam An 1 in Long Thanh district, with a substantial investment of over 100 million USD, and the SMC Manufacturing Vietnam Ltd. project in the Long Duc Industrial Park. The latter witnessed a remarkable capital increase of 330 million USD, bringing their total investment to nearly 1 billion USD—a testament to the region’s appeal.

An insight into the production process at an FDI company in Dong Nai province (Photo: VNA)

The new investments in Dong Nai were strategically directed toward industries with high growth potential, including semiconductor manufacturing, electrical and electronic components, mechanical engineering, textiles, and cast metal product fabrication. Notably, the province’s investment attraction strategy successfully avoided projects with potential environmental concerns or heavy labor reliance.

According to the department, the provincial master plan for 2021-2030, with a vision for 2050, has been approved by the Prime Minister. This plan outlines the development of 48 industrial parks by 2030, of which 31 are already operational. These parks have successfully attracted nearly 1,700 projects, totaling over 35 billion USD in investment from 46 countries and territories. The leading investors in the region include the Republic of Korea, Taiwan (China), and Japan, showcasing the province’s global appeal.

In the first quarter, Dong Nai’s state budget revenue surpassed expectations, reaching over 19.37 trillion VND (equivalent to 757.38 million USD). This achievement represents 32% of the annual target and reflects a notable 22% increase compared to the same period in 2024. Additionally, the province’s gross regional domestic product (GRDP) demonstrated robust growth, reaching 63.04 trillion VND, a 7.5% year-on-year increase, with all key sectors contributing positively.

One of the standout performers was the export sector, which witnessed a turnover of more than 5.9 billion USD, marking a 9.05% increase from 2024. Dong Nai also recorded a significant trade surplus of over 1.7 billion USD during this period. However, the province continues to face challenges in public investment disbursement, with only 5.6% of the allocated funds disbursed.

Moving forward, the department assures that key industries will be closely monitored, and efforts will be made to address challenges and accelerate public investment disbursement. Additionally, land clearance and the supply of construction materials will be prioritized to support investors and contractors in completing projects timely and with high standards, ensuring the province’s continued prosperity.

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