Dong Nai targets to attract up to $6bln FDI in 2021-2025 period

Xuan Thinh Thursday | 09/10/2020 10:38

Dong Nai Province to have three new industrial parks. Photo: dongnai.gov.vn

Dong Nai province in the southern region of Vietnam plans to attract $5-6 billion in foreign direct investment during the 2021-2025 period, and about $6-7 billion during 2026-2030, Vietnam News Agency reported.

The province targeted to increase the number of firms using advanced and eco-friendly technology by 80 percent by 2025 and 100 percent by 2030.

The rate of domestically-made products will account for over 30 percent by 2025 and more than 40 percent by 2030 while the rate of skilled workers will make up 70 percent by 2025 and 75 percent by 2030.

The province will pay the most attention to further enhancing administrative reform, creating favorable conditions for investors and preparing land bases for industrial parks.

Recently, the local government has completed procedures attract investors to its three new industrial parks, including Cam My Industrial Park with an area of about 300 hectares, Phuoc Binh Industrial Park with an area of 190 hectares and Gia Khiem Industrial Park with an area of 330 hectares.

The province has 35 industrial parks and 32 are under operation while three others are awaiting for investors.

The three industrial zones are in the final stage of completion. It is expected that the industrial zones will attract several large domestic and foreign investors.

In the coming time, the province will give priority to inviting high-tech projects that bring great value as well as save labor.