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Dong Nai affirms its position as Vietnam’s leading industrial centre

With 33 industrial parks, Dong Nai is the locality with the most industrial parks in Vietnam. The province is attracting investors from 43 countries and territories and continues to affirm its position as the country’s leading industrial centre.

Published

21 hours ago

March 13, 2025

Industrialzone.net

In particular, in the context that Long Thanh International Airport is set to be completed and put into operation in the next two years, Dong Nai has been likened to a magnet attracting leading corporations in the world.

Director of Dong Nai Department of Planning and Investment Nguyen Huu Nguyen said that the province is located in the economic development quadrangle of the Southeast region, including Ho Chi Minh City, Binh Duong, Dong Nai, and Ba Ria-Vung Tau, with the fourth largest economic scale in the country.

There are about 55,000 enterprises operating in the province, with more than 1,600 FDI projects and more than 1,000 domestic investment projects. Dong Nai is also one of the five provinces with the largest budget contributions in the country.

Dong Nai is leading the country in industrial park development with 48 planned industrial parks. Of which, 33 have been established with a total land area of 10,500 hectares, with an occupancy rate of more than 86% of the leased land area.

The province has attracted investment from 43 countries and territories with total capital of more than 30 billion USD, creating jobs for over 600,000 workers. New investment projects ensure criteria on advanced technology and non-labour-intensive supporting industries.

Nguyen Thi Hoang, Vice Chairwoman of Dong Nai Provincial People’s Committee, emphasised that Dong Nai Province’s economic growth has gradually recovered and developed. The economic growth rate is among the highest in the country. The average GRDP per capita in 2023 was estimated at about 140 million VND/person, ranking 7th in the country.

Dong Nai continues to maintain its position as the leading industrial centre of the country, one of the pioneering localities, and an attractive location, while also strongly attracting domestic and international investment.

The province has developed new investment attraction criteria, organised promotion, and shifted investment attraction towards more selective investment with high-quality projects, applying high technology, and promoting green transformation.

“Dong Nai is facing many opportunities, especially as the completion and operation of Long Thanh International Airport in the coming time will create a big “push”, creating opportunities and conditions to exploit new driving forces, creating a breakthrough in the economic model of the province,” said Vice Chairwoman Nguyen Thi Hoang

In addition to the achieved results, the growth rate has shown signs of recovery but is still slow, the target of an average economic growth of 8.5% per year is very difficult to achieve. Industry is the main driving force for the province’s economic growth, but it faces many difficulties due to fluctuations and declines in the world market, and slow recovery.

Service sectors, especially business support services, industrial services, and logistics services, have developed but are not yet commensurate with the potential of an industrial province located in a convenient traffic location, considered a prime location that few localities have.

Experts, scientists, associations, enterprises, departments, and sectors have focused on: exchanging and analysing the results achieved in the innovation of the growth model, improving the quality of growth of Dong Nai Province in recent time; and identifying bottlenecks, shortcomings, limitations and issues for the innovation of the sustainable economic development model of Dong Nai, as well as opportunities and challenges in the development of Dong Nai Province in the coming time.

Project

Japan’s Parts Seiko opens $10 mln metal product factory in Vietnam

Published

40 minutes ago

March 14, 2025

Industrialzone.net

Parts Seiko Vietnam, a subsidiary of Japan’s machine tool manufacturer Parts Seiko, inaugurated its $10 million factory, also its first in Vietnam, on Monday.

The factory, located in Song Khoai Industrial Park developed by Thai real estate giant Amata, is the firm’s third overseas facility, in addition to those in China and the Philippines.

Parts Seiko holds an inaugural ceremony in Quang Ninh province, northern Vietnam on March 3, 2025. Photo courtesy of Quang Ninh newspaper.

The factory has an annual capacity of 40 tons of products, including shaft supports, shaft rings, washers, clamps, and taper washers. Parts Seiko aims to export its products to Japan and other Asian markets.

At the inaugural ceremony, Parts Seiko representative said the company appreciated provincial authorities’ support for the project to overcome super typhoon Yagi, which pushed back the construction of the factory. Parts Seiko received an investment registration certificate for the project in July 2023.

As of end-2024, Vietnam’s registered FDI reached $502.8 billion with 42,002 valid projects. Japan was the third-biggest source with 5,512 projects worth $78.28 billion, according to the Ministry of Planning and Investment, now the Ministry of Finance.

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Vietnamese PM visits Ras Laffan industrial city, concludes Qatar trip

Published

3 hours ago

March 14, 2025

Industrialzone.net

Vietnamese Prime Minister Pham Minh Chinh on November 1 visited Qatar Energy-invested Ras Laffan industrial city, 80 kilometres to the northeast of Doha before wrapping up his official visit to the Middle Eastern country.

The industrial complex houses major oil refineries and gas processing facilities, including ORYX GTL, Pearl GTL, and Dolphin. With its enclosed artificial bay spanning 4,500 hectares of water surface, Ras Laffan serves as Qatar’s primary liquefied gas production hub and the world’s largest LNG export facility.

Established in 1996, it initially focused on storing and processing natural gas from the North Field. Over time, growing demand has transformed Ras Laffan into a massive industrial zone, with expanding LNG production facilities.

Currently, there are 13 major corporations and companies in the gas sector operating within the complex. Along with industrial facilities, Ras Laffan features Qatar’s top-quality infrastructure facilities such as the Ras Laffan emergency and safety training centre, the Erhama bin Jaber Al Jalahma shipyard, and the Ras Laffan hospital.

PM Pham Minh Chinh (second from left) visits Ras Laffan industrial city before concluding his official trip to Qatar. (Photo: VNA)

PM Chinh praised Qatar’s innovative thinking, strategic vision and expertise in developing the artificial bay and the specialised industrial complex.

As Vietnam, which boasts a 3,000-kilometre coastline, is developing major seaports and sea encroachment areas, PM Chinh proposed Qatar and Qatar Energy in particular cooperate with, invest in and help the country with financial assistance, technology transfer, human resources training, and management expertise in developing similar industrial parks and sea encroachment areas.

This was the last activity of the Government leader during his tour to the Middle East for an official visit to the United Arab Emirates (UAE); attendance at the 8th Edition of the Future Investment Initiative and working trip to Saudi Arabia; and official visit to Qatar.

PM Chinh, his spouse and the high-level delegation of Vietnam left Doha to return home at noon on the same day.

Project

Northern Vietnam province urges China giant to help with urban railway development

Published

4 hours ago

March 14, 2025

Industrialzone.net

Vietnam’s northern province of Bac Ninh, an industrial hub and home to some Samsung factories, has asked China Pacific Construction Group (CPCG) to help the province with urban railway construction.

Nguyen Anh Tuan, Party chief of Bac Ninh, made the suggestion at a Monday meeting with a CPCG delegation, led by founder and chairman Yan Jiehe.

Nguyen Anh Tuan (right), Secretary of Bac Ninh's Party Committee, and China Pacific Construction Group's founder and chairman Yan Jiehe at a meeting in Bac Ninh province, northern Vietnam, March 3, 2025. Photo courtesy of Bac Ninh TV. — Nguyen Anh Tuan (right), Secretary of Bac Ninh’s Party Committee, and China Pacific Construction Group’s founder and chairman Yan Jiehe at a meeting in Bac Ninh province, northern Vietnam, March 3, 2025. Photo courtesy of Bac Ninh TV.

Such cooperation is in line with Bac Ninh’s strategy of developing the infrastructure, digitalization, high-quality human resources, eco-friendly urban areas, and cosmetics-pharmaceutical products, he added.

Tuan also suggested CPCG help the province with workforce training, green transition, and digitalization. He requested Bac Ninh’s construction department and other agencies to collaborate with CPCG.

Besides, the Party chief proposed CPCG call on other Chinese businesses to invest in Bac Ninh.

In reply, Yan Jiehe said CPCG is willing to invest in Bac Ninh’s infrastructure and connect Bac Ninh with major businesses in China. CPCG aims to establish a headquarters in Bac Ninh, he added.

In February, Prime Minister Pham Minh Chinh requested Deputy Prime Minister Tran Hong Ha and the Ministry of Transport (now the Ministry of Construction) to study the urban railway project linking inner Hanoi with the under-construction Gia Binh airport in Bac Ninh.

According to Hanoi’s draft plan, the railway has a length of 49.52 kilometers, including 28.58 kilometers in Hanoi.