Business

Dong Nai province prioritises hi-tech FDI projects

The southern province of Dong Nai has given priority to FDI projects using advanced technologies and fewer workers in recent years, said a provincial official.
Dong Nai province prioritises hi-tech FDI projects ảnh 1Shirts are made at a garment factory. Illustrative image (Photo: VNA)

Dong Nai (VNA) – The southern province ofDong Nai has given priority to foreign direct investment (FDI) projects usingadvanced technologies and fewer workers in recent years, said Deputy Directorof the provincial Department of Planning and Investment Nguyen Huu Nguyen.

Nguyen said Dong Nai has attracted 1,711 FDI projects worth31 billion USD, 1,294 of them are valid with a total registered capital of26.19 billion USD. As much as 18 billion USD has been disbursed so far.

Nearly 900,000 labourers are working at businesses in andoutside industrial parks. Recently, many of the migrant labourers have moved tonorthern and central cities and provinces for work, making it hard for FDIfirms in Dong Nai, especially those operating in the labour-intensive sectorssuch as apparel and footwear, to recruit enough workforce.

Since 2014, the German government has assisted Vietnamin vocational training via Bosch Technical Industrial Apprenticeship (TGA)training centre and LILAMA 2 vocational training college.

[Dong Nai records 700 million USD in trade surplus]

Mai Van Nhon, deputy head of the provincial managementboard for industrial parks, said technology transfer is one of the first andmost crucial commitments of foreign investors when they seek to get licenses.

Dong Nai is now home to 6,400 workers who are foreignexperts working in industrial parks, more than 1,000 of them are seniorpersonnel, he said, adding that technology transfer is gradually underway with importantpositions being transferred to Vietnamese instead of foreign workers.

Economists commented that the selection of projectsusing technological advances to create high added value and use less workforceis an important transformation amid the booming industrial revolution 4.0.-VNA
VNA
#Dong Nai province #foreign direct investment #FDI projects #Bosch Technical Industrial Apprenticeship #technology transfer #Industry 4.0 #updated Vietnam news #Vietnamplus #Vietnam News Agency Dong Nai
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