Dong nai

Dong Nai (VNA) – The southern province of Dong Nai granted permits on April 28 to allow six existing FDI projects to add nearly 250 million USD in registered capital.

Among these are Nestle Vietnam’s coffee production project at the Amata Industrial Park, with total investment increasing from 270 million USD to more than 400 million USD; VacPro Vietnam’s factory in the Nhon Trach I Industrial Park , rising from 7 million USD to 40 million USD; and a new branch of Suheung Vietnam, adding 30 million USD in capital to reach 80 million USD.

Foreign investors adding capital and expanding production is a positive sign and shows that they have confidence in the local business climate and are posting good earnings, deputy head of the provincial industrial park (IP) authority Le Van Danh said.

Most projects are in supporting industries and use advanced technology, he added.

Dong Nai is likely to welcome more foreign investors in the time to come, said Vice Chairman of the provincial People’s Committee Nguyen Thi Hoang.

She added that the province gives priority to projects applying high technology and employing skilled workers in supporting industries and is now more selective when it comes small-scale, labour-intensive, and environmentally-unfriendly projects.

According to data from the provincial IP authority, local IPs had attracted close to 670 million USD in 58 FDI projects since the beginning of this year. They include 39 projects receiving additional investment, worth more than 420 million USD.

Dong Nai is currently home to 32 IPs. Nearly 1,400 FDI projects worth a total of 27 billion USD have so far set up camp in the province./.

VNA

Thousands of people have flocked to the southern province of Dong Nai these days to admire and take pictures with the giant apricot tree.

The Formosa Industries Corporation project is the first Taiwanese project at Nhon Trach 3 Industrial Zone (IZ) of Dong Nai province. Formosa has increased capital by $12.7 million to roughly $1.64 billion.

Nestlé Vietnam, meanwhile, increased capital by $132 million to $582 million for its Tri An Nestlé factory located in Amata IZ.

Foreign investors receiving certificates presented by Nguyen Thi Hoang, Deputy Chairwoman of Dong Nai People’s Committee

According to Chen Yong, deputy general director of Vacpro Vietnam Co., Ltd., one of the six companies, the company’s business results have proven that investing in Dong Nai province is an intelligent decision.

“2020 was characterised by the pandemic, having a great impact on many businesses across the country in general and Dong Nai in particular. However, our output has quadrupled compared to the same period in 2019 and this once more reaffirms our plan to expand investment in this province,” said Yong.

Nguyen Thi Hoang, Deputy Chairwoman of Dong Nai People’s Committee, foreign direct investment (FDI) is one of the major motivations for the province’s development.

“The six projects awarded investment registration certificates today are all being implemented in Dong Nai’s IZs, which are major investment projects with great significance to local economic development,” said Hoang.

According to the industrial development orientation of Dong Nai province, by 2025, the province will continue to attract large economic groups with technological and financial potentials and supportive industries applying high technologies, step by step moving towards sustainable development.

Dong Nai strives to achieve its plan to attract at least $700 million of FDI and VND2 trillion ($86.96 million) of domestic investment capital in 2021.

In the first four months of this year, Dong Nai IZ attracted 19 new FDI projects with the registered investment capital of $249.7 million and one domestic investment project with VND571.5 billion ($24.85 million).

Additionally, 39 FDI projects had increased with a total of $386.9 million and two domestic investment projects increased capital by a total of VND182.5 billion ($7.93 million).

Cumulatively, the province has attracted investment from 41 countries and territories with a total of 1,885 projects. Of these 1,363 are foreign-invested projects with a total of $27 billion.

Up to now, Dong Nai has 32 IZs established with a total land area of ​​10,220 hectares. 31 of these are operational and one is in the stage of infrastructure construction preparation (Long Thanh Hi-Tech Industrial Park). 31 out of 32 zones have leased more than 5,935ha, reaching 84.3 per cent of the industrial land for lease (7,120ha).

Major IZs are Nhon Trach VI, Song May – Phase 2, Loc An – Binh Son, Amata, Dau Giay, and An Phuoc.

Dong Nai Province ceases some non-essential activities to deal with coronavirus.

Regarding religious activities and meetings, it is necessary to balance the number of participants not exceed 50 percent of normal seating capacity. The organizers must strictly perform checking temperature, wearing facial masks and spraying disinfectant.

A waste sorting and treatment assembly line made for the Vietnamese market by Menart (Photo: VNA)

Brussels – The Belgian-base multinational conglomerate Menart is cooperating with the Vietnamese industrial developer Sonadezi Corporation to build a waste treatment plant in the southern province of Dong Nai’s Vinh Cuu district.

The 7.1ha plant, which turns waste into compost, was put into a trial run last year. Located at an area for domestic and industrial waste treatment in Vinh Cuu’s Vinh Tan commune, it has a daily capacity of treating 450 tonnes of waste and can operate 8 hours a day.

About 80 percent of the organic waste received will be treated as compost, while about 5 percent of plastic bags are recovered, recycled, and reused.

Menart is in charge of supplying equipment for the project and works are underway to complete the waste sorting and composting equipment, among others, serving the operation expansion of the plant. Menart equipment for the project is made in Vietnam and Belgium, with the Belgian company sending its experts to Vietnam to study the local conditions.

Menart General Director Berengere Menart said she is confident in cooperation with Vietnam in the field, affirming her wish for further technology transfer collaboration with Vietnamese partners in environment and agriculture.

Belgian firm joins domestic waste treatment project in Dong Nai hinh anh 2

At Menart factory in Belgium (Photo: VNA)

Founded in 1961 with a focus on designing and manufacturing composting machines and waste sorting plants, Menart is now operating across 60 countries in Asia, Europe, Africa, and America.

The company has worked in Vietnam since the late 1990s and provided waste treatment equipment for plants in Dong Nai, Soc Trang, Kon Tum, Ha Tinh, Thai Nguyen, and Ha Nam.