The Dong Nai Provincial People’s Committee plans to auction land use rights for 105 land plots with a total area of nearly 782 ha this year and in subsequent years. The southern province will complete procedures before the end of this year to auction six land plots with a starting value of nearly VND790 billion ($33.13 million) in total.
Along with many localities around the country, southern Dong Nai province’s exports saw good growth in July and August compared to the first half of 2022. However, exports, which more often than not help Vietnam post a trade surplus, showed signs of declining in the two months.
The 60-km Dau Giay - Tan Phu Expressway has been approved for construction with total investment of nearly VND8.4 trillion ($356.8 million) under the public-private partnership (PPP) model in 2021-2025. This is the first part of the Dau Giay - Lien Khuong Expressway connecting Lam Dong province with Ho Chi Minh City and southern provinces totaling more than 200 km in length.
The Westlake Corporation from the US has invested in the construction of a new factory producing PVC resins at the Bien Hoa II Industrial Park in southern Dong Nai province. With modern equipment and a high level of automation, the factory will make Westlake Compounds Vietnam a key PVC resin producer in the Asia-Pacific region.
For the first time in 30 years, southern Dong Nai province has lost its place in the top 5 localities regarding domestic investment and FDI. In the first eight months of the year, domestic investment and FDI in the province equaled just 6.93 per cent and 68 per cent, respectively, of the figures in same period last year. Reasons include bottlenecks in regulations and a limited land fund, resulting in investors moving to other localities.
Part of the Ring Road No. 3 project in Ho Chi Minh City, the Nhon Trach Bridge will stretch more than 2 km and have total investment of over VND1.8 trillion ($77 million). Once built, it will connect two localities in the center of the southern region - Ho Chi Minh City and Dong Nai province.
Proposals have been made that southern Dong Nai province invest in and build the Thu Thiem - Long Thanh and Bien Hoa - Vung Tau railway lines, but the province has proposed the Prime Minister assign the Ministry of Transport (MoT) as the responsible agency. Investment in the two projects totals more than VND90 trillion ($3.84 billion), so it will be necessary to mobilize additional loans from foreign organizations.
The Dong Nai Provincial People’s Committee has held a conference to discuss planning in Long Thanh district to 2040 and the vision to 2050. The specific area of Long Thanh International Airport is identified as “the center” of planning. With an area of more than 9,000 ha, the Long Thanh Airport Special Area in the southern province will strongly develop international service centers, residential areas, supporting industries, and aviation-related industries.