Authorities in the southern province of Dong Nai granted investment certificates to three foreign-invested projects on February 5, with total registered capital of nearly $550 million.
The approvals included two new projects from Singaporean investors and a capital expansion by a Chinese enterprise.
One of the new projects is an $80 million investment by Jabil Technology Vietnam Company Limited at the Nhon Trach II–Nhon Phu Industrial Park. The facility will manufacture electronic products, including computers, data storage devices, communications equipment and consumer electronics.
The second is the Sembcorp Integrated Hub Dong Nai 1 project at the Loc An–Binh Son Industrial Park, with registered capital of $69.65 million. The project will develop ready-built factories for lease along with supporting infrastructure.
The largest investment in this batch comes from an expansion by the HAOHUA (Vietnam) Tire Manufacturing Plant at the Minh Hung–Sikico Industrial Park. The Chinese-invested company has been approved to add $400 million, bringing its total investment in Dong Nai to $900 million.
Dong Nai is currently home to 58 industrial parks, of which 43 are operational, covering more than 14,600 hectares. The average occupancy rate stands at around 76%.
Google translate