Southern Vietnam province fines several foreign firms for investment compliance breaches
Authorities in Dong Nai province have imposed administrative penalties on several foreign-invested companies, underscoring a broader push to tighten investment oversight in one of Vietnam's key industrial hubs.
According to official decisions issued, Paizes Trading Vietnam, a U.S.-invested furniture manufacturer based in Dau Giay Industrial Park (IP), was fined VND85 million ($3,230) for "not conducting procedures to get the investment registration certificate amended in cases where adjustments to investment projects change the content of the investment registration certificate".
Similar violation was identified at South Korean furniture maker Fursys Vietnam (located in Nhon Trach VI IP); Cascoo Industrial Co., Ltd., a Chinese manufacturer of castors and wheels (located at Bac Dong Phu IP); Sanjin (Vietnam) Electronics (located at Viet Kieu IP); and Tiandubang (Vietnam) Metal Technology Co., Ltd. (located at Nhon Trach III IP - phase 2). They were all fined VND85 million ($3,230) each.
Vietnam Wellgain Industrial, located at Minh Hung-Sikico Industrial Park, was fined for "making dishonest and inaccurate declarations in the business registration application and the application for changes to the business registration; falsely declaring charter capital". The fine was VND115 million ($4,370).
In addition to financial penalties, all companies are required to complete corrective procedures in accordance with Vietnamese law.
An industrial park in Dong Nai province, southern Vietnam. Photo courtesy of Nhan Dan (People) newspaper.
Local authorities said the detection of such violations reflects stricter enforcement efforts aimed at improving transparency and discipline in the investment environment. The move is expected to help regulators better assess project feasibility and align foreign investment activities with regional development planning.
Dong Nai, home to Long Thanh International Airport, is one of Vietnam’s most prominent destinations for FDI. As of the end of 2025, the province hosted more than 2,200 foreign-invested enterprises with total registered capital exceeding $3.3 billion.
In the first quarter of 2026, the province recorded approximately $757 million in registered FDI capital, while budget revenue from the foreign-invested sector reached more than VND8.8 trillion ($334.25 million), up 27% year-on-year, according to the local authorities.
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