Illustrative image (Source: VNA) Dong Nai (VNA) – The southern province of Dong Nai has licenced seven foreign direct investment (FDI) projects in January with total capital of 62.1 million USD, up 50 percent from the same period last year. According to the Department of Planning and Investment, among the projects, four are new, with combined investment of 22.7 million USD. Meanwhile, 39.5 million USD is injected into three underway projects. The projects are in the support industry and friendly to the environment, and apply high technology. Major projects are August Sport Company, a branch of the All Wells International – British Virgin Islands in Tam Phuoc industrial park of Long Thanh district with investment of 5 million USD, and the 2-million-USD Vietnam Global Production Company under the Jacon Investment Holdings Pte Limited of Singapore in Nhon Trach 2 industrial park, Nhon Phu district. The department said that Dong Nai has so far hosted 1,754 FDI … [Read more...] about Dong Nai lures over 62 million USD of FDI in January
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Additional 20km of elephant protection fence in Dong Nai proposed
A wild elephant seen in Dinh Quan district (Source: VNA) Dong Nai (VNA) – Residents in Vinh Cuu and Dinh Quan districts, the southern province of Dong Nai, have proposed local authority construct additional 20 kilometres of electric fence to prevent wild elephants from wandering into residential areas. Earlier, a 50km-long and 2.2m-high fence was set up along Vinh Cuu district’s Ma Da and Phu Ly communes and Dinh Quan district’s Thanh Son commune. The fence use solar energy at low voltage of 4.5-14 kV. Electricity is regularly switched on and off every one third of a second, which helps keep the elephants at bay while not inflicting harm on them. Along the fence, there are many gates for local residents to pass through. Since the fence was put into operation in July last year, there have been a reducing number of elephants’ appearance, attack and destruction of crops of local farms. However, there’s still space for elephants to enter … [Read more...] about Additional 20km of elephant protection fence in Dong Nai proposed
Dong Nai: selected FDI proves efficient
Dong Nai is now home to 30 industrial parks, the most in Vietnam. Many of them have no vacancies. Last year, the province aimed to attract US$1 billion worth of FDI but it had exceeded its target by 25%. Disbursement reached a record high of US$1.1 billion, 88% of the registered capital.Woosung Vietnam, a Korean animal feeds processor, chose Bau Xeo Industrial Park in Trang Bom District for investment. Recently it invested an additional US$2 million, raising its total investment in Dong Nai to US$18.6 million. The company’s leaders praised the province’s favorable conditions like land lease terms, local incentives, and the potential market.Woosung Director General Kim Seung Hee, said “When we began operating, the government has helped us very much, for example, in the exemption of corporate tax for some years. The land lease price is very cheap. We think it’s very good investment environment.”In recent years, Dong Nai has prioritized FDI projects that use … [Read more...] about Dong Nai: selected FDI proves efficient
A festival for scooter-lovers to roll into Dong Nai
The first festival for scooter-lovers will be held over two days starting on Saturday at Vuon Xoai eco-tourist area in the southern province of Dong Nai. Many kinds of scooters in Vietnam will be on display at the festival. Over 1,100 people with 800 classic scooters and cars have registered to join, according to Trieu To Hanh, an organiser of the event. The organising board intends to hold the event regularly in future. (Source: Viet Nam News) … [Read more...] about A festival for scooter-lovers to roll into Dong Nai
Dong Nai enjoys record trade surplus of US$2 billion
The province’s export turnover hit US$17 billion in the year, a year-on-year rise of 11.8%, with hard currency earners including textiles-garments, rubber, cashew nuts, computers, electronic components and footwear.Director of the provincial Department of Trade and Industry Duong Minh Dung attributed the good results to efforts made by local enterprises to access new markets and effectively tap traditional markets.Local firms have also been taking full advantage of free trade agreements that Vietnam signed with partners to boost exports, Dung said.Regarding industrial production, the stable growth of key industrial sectors has also helped increase the province’s industrial production index (IPI).Dong Nai’s IPI in 2017 surged by 8.6% compared to that of 2016, with the industrial production value was estimated at VND731 trillion (US$32.2 billion), up 9.1% against last year.Dong Nai has so far attracted 1,733 FDI projects from 45 countries and territories, with a total … [Read more...] about Dong Nai enjoys record trade surplus of US$2 billion
Dong Nai: Local voluntarily hands over 200 kg bear
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On December 20, Dong Nai provincial Forest Protection Department and the Cat Tien National Park Rescue Centre received the bear from Nguyen Thi Lan’s family in Tan Hiep ward, Bien Hoa city. The female bear has been kept in Lan’s family for over 20 years as a pet. The bears have been chipped for years for management and have just been re-attached to mocrochip on December 3. During the inspection and chip re-attaching for bears in Dong Nai, the World Animal Protection Organisation together with the Dong Nai Forest Protection encouraged the family to hand over the bear to functional forces. In early December, Lan's family made a voluntary petition to hand over the bear. According to the World Animal Protection’s staff, the bear has no signs of extracting bile in recent years. Lan said that when starting to raise the bear, it was only 1.8 kg, but now her weight is more than 200 kg. After being informed by the authorities, Lan wished to transfer the bear to the State so … [Read more...] about Dong Nai: Local voluntarily hands over 200 kg bear
Dong Nai enjoys record trade surplus of 2 billion USD
Cashew nut is among Dong Nai's main export staples. (Photo: VNA)Dong Nai (VNA)– The southern province of Dong Nai achieved a record trade surplus of 2 billion USD in 2017, reportedthe provincial Department of Industry and Trade.The province’s export turnoverhit 17 billion USD in the year, a year-on-year rise of 11.8 percent, with hardcurrency earners including textiles-garments, rubber, cashew nuts, computers,electronic components and footwear. Director of the provincialDepartment of Trade and Industry Duong Minh Dung attributed the good results toefforts made by local enterprises to access new markets and effectively tap traditionalmarkets.Local firms have also beentaking full advantage of free trade agreements that Vietnam signed withpartners to boost exports, Dung said.Regarding industrialproduction, the stable growth of key industrial sectors has also helped increasethe province’s industrial production index (IPI). Dong Nai’s IPI in 2017 surgedby … [Read more...] about Dong Nai enjoys record trade surplus of 2 billion USD
Large steel structure factory inaugurated in Dong Nai
Large steel structure factory inaugurated in Dong NaiYen Minh HCMC - ATAD Steel Structure Corporation on December 13 held the inauguration ceremony of a large factory in Long Khanh Industrial Zone in Dong Nai Province. The ATAD Dong Nai steel structure factory covers 15 hectares and has a capacity of 8,500 tons per month. It is the largest steel structure factory in Vietnam, the company said. The corporation’s second steel structure factory in Vietnam is part of phase one of a multiple-phase project it is developing in the southern province. The project costs around US$40 million for phase one and US$5 million for phase two which is now under construction. Nguyen Le Anh Tuan, general director of the corporation, said ATAD offers complete solutions to customers, including consulting, design, fabrication and erection of high-quality pre-engineered steel buildings and steel structure products. The corporation provides full steel structures for factories, warehouses, high-rise … [Read more...] about Large steel structure factory inaugurated in Dong Nai
ATAD inaugurates LEED-certified steel factory in Dong Nai
According to Nguyen Le Anh Tuan, ATAD’s general director, the firm has completed the first phase of the factory and initiated the second phase in 2017. Spanning 15 hectares and with a capacity of 8,500 tones per month, this is the largest and most modern steel structure factory in Vietnam.In particular, ATAD Dong Nai is the first steel structure factory in Vietnam and Asia to achieve LEED Gold from the US Green Building Council (USGBC)—the gold-standard of green building certifications. LEED (Leadership in Energy & Environmental Design) is a green building rating system awarded by USGBC since 1995.In September 2017, USGBC officially awarded two green building certifications to ATAD Dong Nai, including a LEED Platinum certification to ATAD’s Dong Nai office and a LEED Gold certification to the factory itself.With the certifications, ATAD is the first Asian-owned company to receive the LEED Gold status for its steel structure factory and the first company in … [Read more...] about ATAD inaugurates LEED-certified steel factory in Dong Nai
Dong Nai: trade surplus predicted to hit 2 bln USD
Producing footwear for export (Source: http://baocongthuong.com.vn)Dong Nai (VNA) – The southernprovince of Dong Nai is forecast to enjoy a trade surplus of 2 billion USD in 2017, according to Chairman of theprovincial People’s Committee Dinh Quoc Thai. Export turnover of the locality is estimated at nearly 17 billion USD this year,up 11.8 percent year-on-year, while the figure for imports is 15 billion USD,up 13.5 percent. According to the provincial Statistics Office, in November alone, thelocality’s export turnover hit 1.54 billion USD, 6.9 percent above October.Among commodities with high export growth compared to October, footwear rankedfirst with 34.4 percent, followed by wooden products with 34.1 percent,textiles with 32.1 percent and fiber with 19.2 percent.The results were attributed to local exporters’ access to new markets and effectiveexploitation of traditional markets. Businesses in Dong Nai have taken advantages of free trade agreements … [Read more...] about Dong Nai: trade surplus predicted to hit 2 bln USD