Business

Economic growth model shift helps Dong Nai shine

From an agriculture-based province, Dong Nai province has turned itself into an industrial hub in the south thanks to its determination to persist the growth model shift to industry, according to local authorities.
Economic growth model shift helps Dong Nai shine ảnh 1A corner of Bien Hoa city, Dong Nai province
(Photo: vietnambiz.vn)

Dong Nai (VNA) – From an agriculture-based province,Dong Nai province has turned itself into an industrial hub in the south thanksto its determination to persist the growth model shift to industry, accordingto local authorities.

With agriculture making up 57.5 percent and industry only18.2 percent of the local economy in 1985, the figures have now become only 8percent and 60 percent, respectively, while services make up 32 percent.

Vo Van Chanh, Vice Chairman of the Dong Nai provincialPeople’s Committee, attributed this to the shift from extensive economic developmentaimed at providing jobs to workers and settle social issues in the province tothe intensive growth focusing on the building of an intellectual-based economy.

Currently, the province see 32 operational industrial zoneswith an industrial production value 200 times higher than that in 1985, whilethe per capita income has risen 16-folds.

According to the provincial Department of Planning andInvestment, Dong Nai now is home to over 1,900 foreign direct investment projectswith a combined capital of 34.1 billion USD from 45 countries and territories,mostly from the Republic of Korea, China’s Taiwan, Japan and Singapore.

The projects belong to different fields such as processingand manufacturing (84 percent of the total capital), agriculture (1.5 percent),trade and services (3.5 percent), and real estate (12 percent).

Representatives of the provincial Party Committee held thatFDI projects are an important factor for the province to develop industrialzones and help push up the development of infrastructure, adding green productionand selective investment attraction will be the focus for the local economy inthe time to come.

In recent year, local authorities have said no to thelabour-intensive projects having a risk of causing pollution, but prioritized thosewith high technology, intensive investment, and environment-friendlyproduction.

Dong Nai Party Committee Secretary Nguy Phu Cuong warned ofthe risk of environmental pollution which often goes along with industrialproduction, affirming the stance that those projects with this risk will beresolutely rejected.

The development perception of pursuing economic growth atany cost has been shifted to the effective and sustainable growth, the officialhighlighted.-VNA
VNA
#agriculture-based province #Dong Nai province #industrial hub #growth model shift #extensive economic development #processing and manufacturing #green production #labour-intensive projects #Vietnam News Agency #Vietnamplus Dong Nai
Follow VietnamPlus

Related News

Dong Nai enjoys trade surplus in Q1

Dong Nai enjoys trade surplus in Q1

The southern province of Dong Nai enjoyed a trade surplus of 690 million USD in the first quarter of 2019, said the provincial Department of Industry and Trade.

See more

Commercial Counsellor at the Vietnamese Embassy in China Nong Duc Lai (Photo: VNA)

Vietnam-China trade growing rapidly, substantive: Commercial Counsellor

According to the Vietnam Customs data, bilateral trade hit 253.1 billion USD in the first nine months of this year, up 37.6% annually. Vietnam’s exports to China rose 32.9% to 65.8 billion USD while imports climbed 39.3% to 187.3 billion USD. China accounted for around 41.3% of Vietnam’s imports and 15.2% of its total exports.

Vietjet Air leaders and flight crew pose for a photo with guests at the launch ceremony. (Photo: VNA)

Vietjet launches Prague–Hanoi route

Vietjet Air operates the Prague–Hanoi route twice a week using Airbus A330-300 aircraft with a capacity of 377 passengers. Flights depart Prague at 8:55 p.m. every Tuesday and Saturday and arrive in Hanoi at 4:20 p.m. the following day, local time. In the opposite direction, flights leave Hanoi at 8:25 a.m. and arrive in Prague at 6:55 p.m. The route includes a stop in Almaty, Kazakhstan.

At Yen Phong II-C Industrial Park in Bac Ninh province (Photo: VNA)

Tax policy stability now key to keeping foreign investors: Officials

Companies must ensure records and data truthfully reflect the substance of transactions and engage in dialogue early when complex issues arise. Tax authorities, in turn, need to publish policies, give clear guidance, enforce rules consistently and deliver information in a timely manner.

The MoU signing ceremony between the gency for Domestic Market Surveillance and Development and Procter & Gamble (P&G). (Photo: Ministry of Industry and Trade)

Vietnam steps up fight against counterfeits, IP violations

The renewed memorandum between Vietnam's domestic market surveillance force and Procter & Gamble (P&G) is expected to build on the results achieved since 2023, strengthen IP enforcement, safeguard the legitimate rights and interests of businesses and consumers, and contribute to a more transparent and fair business environment.

A Jatropha cultivation area of Star Japan Co., Ltd in My Son commune, Khanh Hoa province (Photo of Star Japan Co., Ltd)

Vietnam – a potential regional supply hub for Jatropha seed oil

Japan’s research on non-edible oil feedstocks showed that Jatropha is highly drought-tolerant and could grow well on wasteland, eroded sandy land and infertile soil. Given this, areas in central Vietnam, including Ninh Thuan, Binh Thuan and the Central Highlands, have climatic, sunlight and soil conditions suitable for achieving high seed yields and oil content.

Officials launch the Expo Platform on September 29. It will be officially put into use on October 20, two days before the opening of HCMC Export 2026. (Photo: VNA)

Technology opens new routes for Vietnamese exports

As global markets impose increasingly stringent requirements on standards, traceability, sustainability and green transformation, digitalising product data and bringing buyers closer to production sites can help Vietnamese businesses demonstrate their capabilities and meet market-specific requirements.

Phuong Dinh Anh, Deputy Chief of the Office of the Central Coordination Office for the National Target Programme, speaks at the event.( VNA)

Turning OCOP products into rural tourism experiences

Experts stressed that rural tourism can develop sustainably only when local communities actively participate and benefit from it. Investment in transport, accommodation and attractions must go hand in hand with clean water, waste treatment, hygiene, traditional craft preservation and environmental protection.

Prime Minister Le Minh Hung and his Cambodian counterpart Hun Manet witness the exchange of cooperation agreements between businesses of the two countries (Photo: VNA)

Vietnam, Cambodia look to elevate economic links

Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

An overview of the meeting (Photo: chinhphu.vn)

Deputy PM calls for tighter price management of essential goods

Deputy PM Thang, who is also head of the committee, urged ministries and agencies to coordinate closely to deliver effective fiscal and macroeconomic policies. The aim is to control inflation, stabilise the macroeconomy, ensure major economic balances, create room to support growth and bolster the economy’s resilience to external shocks.

Khanh Binh International Land Border Gate in An Giang province.( Photo: VNA)

Vietnam-Cambodia trade gathers pace towards 20 billion USD target

After setting a record of more than 11.3 billion USD in 2025, bilateral trade reached about 8.7 billion USD in the first eight months of 2026, up 8.3% year on year. Vietnam is currently Cambodia’s third-largest trading partner, its second-largest source of imports and second-largest export market.

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.