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Vietnam’s southern industrial zones attract three investment projects worth $190mn

Vietnam’s southern industrial zones attract three investment projects worth $190mn

Vietnam’s southern industrial zones attract three investment projects worth $190mn
Representatives of foreign investors (center) receive investment registration certificates from leaders of the People’s Committee of Dong Nai Province, Vietnam, January 12, 2021. Photo: A Loc / Tuoi Tre

The Dong Nai Industrial Zones Authority (DIZA) in Vietnam’s Dong Nai Province organized a ceremony for the handover of the investment registration certificates of three projects worth up to US$190 million earlier this week.

The first investment of $100 million is the second phase of the Hansol Electronics Vietnam Ho Nai project at Ho Nai Industrial Park in the southern province’s Bien Hoa City, stretching over an area of more than five hectares, and specializing in manufacturing, processing and assembling liquid crystal display (LCD) modules and printed board assembly (PBA).

The second project is the factory of Ojitex Vietnam Co. Ltd. – Long Thanh branch at Loc An Industrial Zone in Long Thanh District, covering an area of eight hectares, with a total investment of $60 million.

It is expected to become the largest factory among Ojitex Group’s projects in Southeast Asia.

The last one is the manufacturing factory of Platel Vina Co. Ltd. located in Amata Industrial Park in Bien Hoa City, covering an area of ​​more than 2.8 hectares, with a total investment of $30 million.

Le Van Danh, deputy head of the DIZA, said that in 2020, Dong Nai exceeded its annual plan by attracting 92 new investment projects, including 66 FDI ones.

The total newly granted and adjusted FDI capital was $1.27 billion, reaching 115 percent of the set target in the year. 

Meanwhile, domestic investment capital was VND2.87 trillion ($124 million), hitting 143 percent of the plan.

Watanabe Nobuhiro, Consul General of Japan in Ho Chi Minh City, considered Dong Nai one of the provinces attracting investment from many Japanese enterprises in Vietnam’s southern region.

As of January 10, industrial zones in the province had drawn 372 South Korean projects with a total investment of nearly $6.1 billion and 253 Japanese projects with a total registered capital of nearly $4.8 billion.

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