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.
Shirts are made at a garment factory. Illustrative image (Photo: VNA)Dong Nai (VNA) – The southern province of Dong Nai has given priority to foreign direct investment (FDI) projects using advanced technologies and fewer workers in recent years, said Deputy Director of the provincial Department of Planning and Investment Nguyen Huu Nguyen.
Nguyen said Dong Nai has attracted 1,711 FDI projects worth 31 billion USD, 1,294 of them are valid with a total registered capital of 26.19 billion USD. As much as 18 billion USD has been disbursed so far.
Nearly 900,000 labourers are working at businesses in and outside industrial parks. Recently, many of the migrant labourers have moved to northern and central cities and provinces for work, making it hard for FDI firms in Dong Nai, especially those operating in the labour-intensive sectors such as apparel and footwear, to recruit enough workforce.
Since 2014, the German government has assisted Vietnam in 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 management board for industrial parks, said technology transfer is one of the first and most crucial commitments of foreign investors when they seek to get licenses.
Dong Nai is now home to 6,400 workers who are foreign experts working in industrial parks, more than 1,000 of them are senior personnel, he said, adding that technology transfer is gradually underway with important positions being transferred to Vietnamese instead of foreign workers.
Economists commented that the selection of projects using technological advances to create high added value and use less workforce is an important transformation amid the booming industrial revolution 4.0.-VNA
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
