The People's Committee of Dong Nai Province in southern Vietnam handed over investment registration certificates to three projects executed by companies from Taiwan and Singapore on Thursday with a total pledged investment of US$109 million.

Their projected investment will raise foreign investment approvals in the province to over $1 billion for 2023.

In particular, Taiwan-invested Jhonsin Vietnam Company, which operates in the An Phuoc industrial zone in Long Thanh District, will implement a zipper bag and plastic household appliance production project at a cost of $10 million.

The second project is a fabric manufacturing facility that will carry a price tag of $19 million.

Singapore’s J&H Yubo Vietnam Industrial Company, which does business in the Nhon Trach VI industrial park, will execute the project.

Meanwhile, Singapore-invested Anctek Vietnam Company in the Giang Dien industrial park was approved to develop a plant to produce and assemble electric equipment and kitchen tools in the province. 

The capital for the project is registered at $80 million.

Nguyen Thi Hoang, vice-chairwoman of the Dong Nai Province administration, said that granting new investment registration certificates shows positive signs of industrialization and modernization, thereby increasing labor productivity and competitiveness in the province.

Dong Nai Province always creates favorable conditions and builds a fair and healthy investment climate to facilitate local and international firms’ business and investment operations, Hoang affirmed.

The province requires investors to take environmental protection and the quality of employees’ lives into account when they do business, she added.

As of the start of December, Dong Nai-based industrial parks had attracted over $1 billion in newly-registered and adjusted foreign capital, making the province one of the 10 largest recipients of foreign investment among Vietnam’s 63 localities.

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