Dong Nai Province Attracting Hi-Tech Projects

5:18:49 PM | 3/4/2014

The highlight in the fourth quarter of 2014 is Dong Nai Province managed to attract several projects in high technologies and supporting industry fields, says the Dong Nai Government Portal.
As of March 14th, Dong Nai province had attracted more than US$439.8 million of foreign direct investment (FDI), reaching 55 percent of the target, up 34 percent compared to that in the same period of last year. Overall, the province has attracted 15 new projects with capital of US$119.6 million and 10 ones with added capital of US$320 million. Among them, 13 projects come from Japan with capital of more than US$40 million. Up to now, Dong Nai has accumulatively attracted 1,398 FDI projects with total capital of over US$20.1 billion.
The highlights mostly concentrate on high technology and supporting industry projects. Particularly, Japan-based Pegasus - Shimamoto Auto Parts Limited Liability Company invested US$20 million in manufacturing spare parts of cars and motorcycles, planes and parts for other industries. Fuji Vietnam Limited Liability Company invested in producing chemicals for building and industrial fields like liquid glass, concrete waterproofing products; Kuk Il Vietnam Company in producing fiber for garment industry; Inoue Vietnam (Japan) in manufacturing machine parts and mechanical equipment for industries related to sectors of food production, chemicals, pharmacy, cars and garment. Robert Bosch Vietnam Co.,Ltd added capital of US$208 million, expanding its investment in Long Thanh Industrial Zone.
It is remarkable that in the first quarter many projects had completed the construction of their facilities and gone into operation like On Semiconductor Company (US, Bien Hoa 2 Industrial Zone) specialising in producing mixed integrated chip, transistor equipment for cars, household equipment and other industrial applications; Metecno Vietnam Company (Netherlands, Bien Hoa 2 Industrial Zone), specialising in supplying insulating planks for roofs and walls in cold rooms, leaned roons, thermal insulation, sound insulation roof, walls and accessories made from aluminum plated steel, colour plated zinc with high quality; CJ Vina Agri Company (Korea, Dau Giay industrial zone) specialising in producing breeding foodstuff.
 According to Ms Bo Ngoc Thu, Director of the provincial Planning and Investment Department, for the last years, Dong Nai province has continuously attracted over US$1billion FDI annually. This achievement is attributed to the completion of infrastructure in industrial zones and provincial attention.