What makes Dong Nai a standout investment hub

13:00 | 21/12/2020 Economy

(VEN) - As a part of Vietnam’s southern key economic region, Dong Nai Province has a developed infrastructure and is one of the most dynamic socioeconomic localities. This makes it a magnet for domestic and foreign investors.

Natural conditions

Dong Nai is adjacent to Ho Chi Minh City, about an hour’s drive away. The province enjoys mild climate throughout the year.

It has chosen an advantageous location with good geological features and low construction costs for its industrial zone development plan. The electricity supply situation in the province has been consistently stable in recent years, fully meeting the needs of socio-economic development. The water supply system does likewise, servicing urban residents and industrial zones adequately.

The province’s information technology and telecommunications infrastructure has developed rapidly, ensuring fast internet connections. The banking system meets the financial needs of investors.

In addition, the province is connected with convenient transportation networks. It is just an hour’s drive from the Tan Son Nhat International Arport; it has several major roads passing through including National Highways 1A, 1K, 20, 51 and 56, as also the North-South railway. When the Ho Chi Minh City - Long Thanh - Dau Giay highway system is completed, it will considerably shorten the travel time from Ho Chi Minh City to Long Thanh.

Apart from the active Dong Nai and Go Dau ports, the province is preparing ground for constructing the Phuoc An Port (for ships with a tonnage of 60,000 DWT) in Nhon Trach District.

Other advantages

In the coming years, Dong Nai will continue to deploy and complete the system of arterial roads that play an important role in promoting socio-economic, industrial and urban development of the province, connecting it with the national transport system and the southern key economic region.

These projects include: the Ben Luc - Long Thanh expressway project; Dau Giay- Phan Thiet Expressway; and the Dau Giay - Da Lat Expressway.

When the nation’s biggest airport, the Long Thanh International Airport, is implemented, Dong Nai will take a major stride forward as a modern locality and a highly attractive investment destination.

Dong Nai also has a young, dynamic and capable human resource base. The province has 7 universities, 10 colleges, 13 secondary technical schools as well as 50 centers and other vocational training units that train about 70,000 people annually. The province always accords priority to investing in education and healthcare.

Besides the industrial parks, the province has identified locations to build housing for workers with nearby supermarkets, restaurants, schools, healthcare and sports facilities.

The province is committed to creating the most favorable conditions for companies in investing in infrastructure for works serving experts and workers. Investors who build houses for workers will be exempt from paying land rent and corporate income tax.

Interactive administration

The Dong Nai leadership pays constant attention to reforming administrative procedures, settling investment registration procedures and timely resolution of any business registration problems. Meetings between representatives of provincial leaders, leaders of departments and agencies of the province, and representatives of domestic and foreign enterprises are regularly organized.

These meetings are opportunities to exchange information on local socio-economic development situations, new regulations, important reforms related to the investment environment and answer investors’ questions about the process of implementing projects.

My Phung