Dong Nai province prioritises hi-tech FDI projects
The southern province of Dong Nai has given priority to FDI projects using advanced technologies and fewer workers in recent years, said a provincial official.
Shirts are made at a garment factory. Illustrative image (Photo: VNA)
Dong Nai (VNA) – The southern province ofDong Nai has given priority to foreign direct investment (FDI) projects usingadvanced technologies and fewer workers in recent years, said Deputy Directorof the provincial Department of Planning and Investment Nguyen Huu Nguyen.
Nguyen said Dong Nai has attracted 1,711 FDI projects worth31 billion USD, 1,294 of them are valid with a total registered capital of26.19 billion USD. As much as 18 billion USD has been disbursed so far.
Nearly 900,000 labourers are working at businesses in andoutside industrial parks. Recently, many of the migrant labourers have moved tonorthern and central cities and provinces for work, making it hard for FDIfirms in Dong Nai, especially those operating in the labour-intensive sectorssuch as apparel and footwear, to recruit enough workforce.
Since 2014, the German government has assisted Vietnamin vocational training via Bosch Technical Industrial Apprenticeship (TGA)training centre and LILAMA 2 vocational training college.
Mai Van Nhon, deputy head of the provincial managementboard for industrial parks, said technology transfer is one of the first andmost crucial commitments of foreign investors when they seek to get licenses.
Dong Nai is now home to 6,400 workers who are foreignexperts working in industrial parks, more than 1,000 of them are seniorpersonnel, he said, adding that technology transfer is gradually underway with importantpositions being transferred to Vietnamese instead of foreign workers.
Economists commented that the selection of projectsusing technological advances to create high added value and use less workforceis an important transformation amid the booming industrial revolution 4.0.-VNA
The total registered capital and added capital of businesses in Dong Nai province amounted to 24 trillion VND (1 trillion USD) in the first half of 2017, a year-on-year increase of 115 percent.
The People’s Committee of the southern province of Dong Nai and the provincial Customs Department held a dialogue with over 100 Japanese businesses to help them extricate difficulties.
The southern province of Dong Nai served over 2 million visitors in the first six months of this year, generating revenues of nearly 640 billion VND (28.16 million USD), a respective rise of 9.4 percent and 12 percent year on year.
Nearly 428 million USD in foreign direct investment (FDI) was disbursed in the southern province of Dong Nai since the beginning of this year, equivalent to 54 percent of its annual plan.
Southern provinces and cities will strive to achieve total retail sales and services revenue of more than 2.07 quadrillion VND (91.4 billion USD) and total export revenue of 104.9 billion USD in 2017.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
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Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
Shirts are made at a garment factory. Illustrative image (Photo: VNA) 
