A series of foreign direct investment (FDI) projects were licensed in the first two months of the year in the Southern Key Economic Zone. The projects are not large in scale, but use new, environmentally friendly, and less labor-intensive technology.
Exciting from the beginning of the year
Last week, there were two notable events related to the semiconductor industry in Ho Chi Minh City. That was the event when Ho Chi Minh City High-Tech Park signed a cooperation agreement with Siemens EDA (a member of Siemens Group) to train human resources for the semiconductor industry in Vietnam and when BE Semiconductor Industries NV (BESI) of the Netherlands completed preparations to put chip packaging machinery into operation at its factory in Ho Chi Minh City High-Tech Park.
However, Dong Nai is the locality with the most vibrant investment attraction activities in the first 2 months of the year in the Southern Key Economic Zone. In just the first 1.5 months of 2024, this locality has licensed 27 foreign investment projects (including newly licensed and capital-increased projects) with a total investment capital of 439 million USD. Big names continue to put their trust in investing in Dong Nai such as SLP, Nestlé, Hyosung, Kenda, etc.
Discussing the situation of attracting investment in industrial parks in Dong Nai, Mr. Nguyen Tri Phuong, Head of the Management Board of Dong Nai Industrial Parks (Diza) excitedly said that in the first two months of 2024, it attracted 439 million USD in foreign investment capital, reaching 62.74% of the 2024 plan (700 million USD) and nearly 1,940 billion VND in domestic capital, reaching 96.98% of the 2024 plan (2,000 billion VND). Thus, it is likely that by the end of March, Diza will complete the investment attraction target for 2024.
Incomplete statistics show that although foreign investment attraction is no longer as high as in previous years, Ho Chi Minh City, Binh Duong, and Ba Ria - Vung Tau are still among the top provinces and cities attracting the highest foreign investment capital in the country in the first two months of the year. In addition to the localities that are "familiar" to investors mentioned above, Binh Phuoc is emerging as a new investment destination.
On March 12, Binh Phuoc will organize the EuroCham - Binh Phuoc Province Forum on Connecting Industrial, Commercial and High-Tech Agricultural Enterprises in 2024. Currently, the Forum has the participation of more than 100 leaders of leading enterprises of the European Chamber of Commerce in Vietnam (EuroCham) and enterprises from the Australian Chamber of Commerce in Vietnam (AusCham).
Mr. Gabor Fluit, Chairman of EuroCham, said that this is the first forum that EuroCham will jointly organize in 2024. Choosing Binh Phuoc as the first province to organize the Forum shows that European businesses are seeing opportunities to invest in this locality.
High technology will prevail
It is easy to see that the list of projects licensed for investment in the first two months of 2024 in the Southern Key Economic Zone is mainly small and medium-sized projects, investing mainly in the processing and manufacturing industry. The project with the largest investment capital is the project of Beijing BOE Audio-Visual Electronics Technology Co., Ltd. (China) invested in Ba Ria - Vung Tau with a total capital of 278 million USD. Next is the SLP Park Loc An Binh Son project in Long Thanh district (Dong Nai) invested by Sea Fund I Investment 14 Pte. Ltd. (Singapore) under the Global Logistics Partner Group (GLP), with a total registered capital of 121.4 million USD.
Mr. Nguyen Tri Phuong said that the newly licensed foreign investment projects in Dong Nai are projects using new technology, there are no projects in the list of industries that cause environmental pollution, labor intensive. In the coming time, Dong Nai will continue to implement the policy of attracting projects with large investment capital, using advanced technology, skilled labor, limiting projects using a lot of unskilled labor, outdated technology, affecting the environment to ensure compliance with the province's investment attraction orientation.
According to Mr. Gabor Fluit, in the European business delegation attending the upcoming EuroCham - Binh Phuoc Province Forum on Connecting Industrial, Commercial and High-Tech Agricultural Enterprises, there will be business groups in the fields of high-tech agriculture, construction, tourism, banking and finance, and renewable energy.
“This shows that European businesses are directing investment capital to high-tech industries that many southern localities want to attract investment in,” said Mr. Gabor Fluit.
Source
Comment (0)