Dong Nai (VNA) – The southern province of Dong Nai attracted 927 million USD in foreign direct investment (FDI) in the first quarter of 2025, coming close to its annual target of 1.1 billion USD, according to the provincial Department of Finance.

Of the total, 407 million USD was invested in 29 new projects, while more than 520 million USD went to existing ones, the department reported at a recent conference.

Notable projects included the Mapletree Logistics Park Tam An 1 in Long Thanh district, with an investment of over 100 million USD, and the SMC Manufacturing Vietnam Ltd. project in the Long Duc Industrial Park, where a capital increase of 330 million USD brought the total investment to nearly 1 billion USD.

The new investments in Dong Nai were primarily directed toward industries such as semiconductor manufacturing, electrical and electronic components, mechanical engineering, textiles, and the production of cast metal products. No projects in sectors likely to cause environmental pollution or heavily rely on labour were approved, in line with the province’s investment attraction strategy.

The department also said that the provincial master plan for the 2021-2030 period, with a vision for 2050, approved by the Prime Minister, aims to complete the development of 48 industrial parks by 2030. Currently, the province has 31 operational industrial parks, attracting nearly 1,700 projects with a combined investment of over 35 billion USD from 46 countries and territories. Leading investors include the Republic of Korea, Taiwan (China), and Japan.

According to the department, in the first quarter, the province’s state budget revenue was estimated at over 19.37 trillion VND (757.38 million USD), achieving 32% of the annual target and an increase of 22% compared to the same period in 2024. Its gross regional domestic product (GRDP) reached 63.04 trillion VND, a 7.5% year-on-year growth, with positive results across all key sectors.

A key highlight was the export sector, which saw turnover exceeding 5.9 billion USD, up 9.05% from the same period in 2024. The province recorded a trade surplus of over 1.7 billion USD during this period. However, public investment disbursement remained a challenge, with only 5.6% of the government’s allocated funds disbursed.

To achieve double-digit growth, Dong Nai will focus on boosting traditional growth drivers such as investment, consumption, and exports, while also promoting emerging sectors like the digital, green, circular, creative, knowledge-based, and shared economies.

♕ The province plans to closely monitor key industries, address challenges, and accelerate public investment disbursement, land clearance, and the supply of construction materials. Support will be provided to investors and contractors to ensure the timely and high-quality completion of projects, according to the department./.