Southern Dong Nai province moves to woo major investors

Illustrative image (Source: VNA)

Dong Nai (VNA) – The southern province of Dong Nai is stepping up investment-trade-service promotion activities to attract more foreign investments from major markets like Japan, the EU, the Republic of Korea and Taiwan, said the provincial Department of Investment and Planning.

As part of the efforts, Dong Nai will maintain regular dialogues between the local authorities and foreign businesses. The province will create optimal conditions for investors in terms of administrative procedures. It will also apply information technology to improve administration procedures and service quality for foreign investors and to build an e-government.

Additionally, the province will keep investors updated on its socio-economic achievements, new regulations and reforms. The local authorities will also work with departments and agencies to tackle businesses’ difficulties.

Dong Nai made breakthroughs in foreign investment attraction in 2016, with registered capital hitting nearly 1.92 billion USD, 92 percent higher than the annual target.

Cao Tien Dung, Director of the Dong Nai Department of Investment and Planning, said that the foreign-invested projects focus mostly on high technology, supporting industry and environmentally-friendly ones.

By the end of 2016, the province had 1,253 valid foreign invested projects with total registered capital of 25.7 billion USD, with the Republic of Korea, Taiwan (China) and Japan being the largest investors.-VNA