The southern province of Dong Nai eyes building eight more industrial parks to offset the current lack of available industrial areas, according to provincial authorities.
Dong Nai, a key industrial hub in the south, currently operates 31 industrial parks; is building Long Thanh High Tech Park; and has eight new ones under government planning, namely Cam My, Gia Kiem, Phuoc Binh, Phuoc Binh 2, Long Duc, Long Duc 3, Bau Can-Tan Hiep, and Xuan Que-Song Nhan.
However, the eight new ones, which will cover 8,200 hectares, are facing problems related to legal procedures, land processing, evaluation, and others. The province has urged relevant authorities to join hands to handle these issues, which are under the management of ministries and the government.
The province admitted it had missed some major foreign direct investment (FDI) projects due to limited available land, while current occupation rates at provincial industrial parks have reached 85%.
Nguyen Huu Nguyen, director, Dong Nai Department of Planning and Investment, said that despite the occupation rate of 85%, available industrial land areas cannot meet investor demand for large areas with developed ecosystems like technical infrastructure, residential areas, houses for workers, and others.
The province has attracted over 1,400 FDI projects with a combined registered capital of over $28.6 billion, while disbursement has reached nearly $22 billion, according to provincial data. In January 2023, the figures were $6.4 million in four new FDI projects and additional capital of $171.5 million in six others.