Business

Domestic investors outpace foreign peers in southeastern region

Domestic investors outperformed their foreign counterparts in the southeastern region, as many localities have paid heed to luring capital flows at home to ensure sustainable growth.
Domestic investors outpace foreign peers in southeastern region ảnh 1Over the past time, the localities have been selective in investment attraction. (Photo: VNA)
Hanoi (VNA) – Domestic investors outperformed their foreign counterparts inthe southeastern region, as many localities have paid heed to luring capitalflows at home to ensure sustainable growth.

TheHo Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) reportedthat in the first 10 months of this year, domestic investors poured 17.95trillion VND (764 million USD) into industrial parks in the metropolis, whileforeign direct investment (FDI) stood at only 184 million USD.

BinhDuong province, an industrial hub, attracted 71.44 trillion VND and 1.3 billionUSD in the reviewed period. The trend was also seen in its neighbour Dong Naiprovince with 50.75 trillion VND and over 1 billion USD, respectively.

Overthe past time, the localities have been selective in investment attraction,prioritising high-tech, less labour-intensive and environmentally friendlyprojects, experts explained. 

Moreover,the industrial land fund in many cities and provinces in the region havenarrowed, while new industrial parks have yet to be formed, making them unableto house FDI projects. 

Investorshave seen great opportunities in the region whose infrastructure is expected tobe completed by 2026 with Belt Road No. 3 in HCM City, Bien Hoa-Vung Tau andBen Luc-Long Thanh Expressways, and Long Thanh International Airport.
Domestic investors outpace foreign peers in southeastern region ảnh 2Investors have seen great opportunities in the region whose infrastructure is expected to be completed by 2026. (Photo: VNA)
Therefore,those from the US and Japan, and domestic firms have continuously proposedurban area, industrial park and high-tech agriculture projects in Dong Nai andBinh Duong.

Manyhave suggested the localities further improve their investment environment,upgrade infrastructure, and pay more attention to personnel training.

Inresponse, leaders from such provinces as Binh Duong and Dong Nai have regularlymet domestic associations and businesses to seek ways to remove their obstaclesgiven declining orders, and support small- and medium-sized enterprises indigital transformation./.
VNA
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