Dong Nai province, a magnet for foreign investment in the southern region, has been asked to focus on developing high-technology and environmentally friendly projects to create higher product value.

At a working session with the province’s leaders, head of the National Finance Supervision Committee Vu Viet Ngoan spoke highly of the locality’s achievements in stabilising the macro-economy and controlling inflation.

Dong Nai has also made efforts to solve difficulties facing businesses and effectively implemented policies to ensure social welfare and an improvement in local living standards, he noted.

Regarding the development of support industries, Truong Dinh Tuyen, a member of the National Monetary Policy Advisory Council, suggested the province intensify its coordination with Ho Chi Minh City and southern Binh Duong and Ba Ria-Vung Tau provinces in this field.

It is not a local but regional issue, he said, adding that the presence of giant groups, such as world-renowned mobile phone producer Samsung, in Dong Nai will attract more investors to the locality and the region, thus creating a production connection chain.

In the first quarter of this year, Dong Nai province’s GDP reached nearly 11.5 trillion VND (540.5 million USD), up 10 percent year-on-year. Its index of industrial production increased by 7 percent, while export revenue hit nearly 2.5 billion USD.-VNA