The administration of Dong Nai Province, southern Vietnam granted investment certificates to 14 projects worth nearly US$728 million in local industrial zones on Friday afternoon, including seven new foreign direct investment (FDI) projects with a registered capital of $242.9 million.

The newly approved FDI projects come from Japan, Thailand, Singapore, Taiwan, South Korea, and the U.S.

They include Quest Composite Technology Vietnam Co., Ltd. (bicycle parts manufacturing), Leadership Electric Appliance Vietnam Co., Ltd. (home appliance production), Mega Lifesciences Vietnam Co., Ltd. (cosmetics and medical device production), Atai Fuji Electric Co., Ltd. (pump manufacturing), and Golden Farm Co., Ltd. (noodle and confectionery production).

Speaking at the investment certificate handover ceremony, Vo Tan Duc, chairman of the Dong Nai People's Committee, emphasized that these projects would contribute significantly to the province’s export value, tax revenue, and job creation for thousands of workers. 

He reaffirmed the province's commitment to supporting businesses, ensuring quick resolutions to challenges they may face.

Dong Nai is now focusing on attracting large-scale, hi-tech, and environmentally friendly projects rather than labor-intensive industries, the official added.

According to the Dong Nai Industrial Zones Authority, the province attracted $1.5 billion in FDI in 2024.

The newly approved projects mainly focus on semiconductor manufacturing, electrical components, and electronics, with no investments in high-pollution or labor-intensive industries, adding that all projects meet advanced technology standards set by the province.

For 2025, Dong Nai will continue to prioritize investment in industries with low labor intensity, environmentally friendly practices, hi-tech applications, and supporting industries.

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