Binh Duong, Dong Nai prioritise high-tech projects
The southern provinces of Binh Duong and Dong Nai have given top priority to projects with high added value and rolled out the red carpet for investors with technological breakthroughs.
Long Duc industrial park in Dong Nai province (Photo: VOV)
Hanoi (VNA) – The southern provinces of Binh Duong and Dong Naihave given top priority to projects with high added value and rolled out thered carpet for investors with technological breakthroughs.
According to Nguyen Thanh Truc, director of Binh Duong province’s Department ofPlanning and Investment, the province has lured more than 1.8 billion USD inFDI so far, up 87 percent year-on-year and exceeding its plan by 31 percent.
Notably, the province drew a large-scale project from Japan-based NipponTelegraph & Telephone (NTT) Group worth 171 million USD. NTT and VietnamTechnology and Telecommunication Joint Stock Company will join hands to providecloud-based wifi for local enterprises, build optic cable systems and offer ICTsolutions.
According to Vice Chairman of the provincialPeople’s Committee Mai Hung Dung, the province has maintained regular dialogueswith large investors like China’s Taiwan, Japan and the Republic of Korea totackle their challenges while doing business in the locality. Meanwhile, Dong Nai province is working tosolicit foreign investments in various sectors.
As the occupancy rate at local industrial zones has already reached 81 percent,with only 1,300 hectares of space remaining for lease, the province will bemore fastidious about choosing foreign investments, with a focus on high-techprojects which are environmentally friendly.
The province welcomed more than 1.1 billionUSD of FDI in the first seven months of this year, up 16 percent from the sameperiod last year.
An outstanding project in the support industry is the 72 million USD plantinvested by Japanese Otsuka Techno at Nhon Trach Industrial Park, aiming toproduce 11 million square metres of plastic film and 220 million plastic portseach year.
Vice Chairman of the provincial People’s Committee Tran Van Vinh said thelocality will hold an investment promotion event in Japan in mid-September toattract investment in industry, agriculture and tourism.
Besides, Long Duc industrial park has developed a range of preferentialpolicies for Japanese investors, focusing on mechanics, electricity,electronics, high-quality materials, pharmaceuticals, stationery and interiordécor.-VNA
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Long Duc industrial park in Dong Nai province (Photo: VOV) 
