In the last months of 2024, the Southeast welcomes a new wave of investment with a series of large enterprises, which are expected to maintain their leading position in FDI attraction in 2025.
The Southeast region continues to be a bright spot in attracting foreign direct investment (FDI) when leaders of the provinces of Binh Duong, Dong Nai, and Ba Ria Vung Tau continuously welcome many large business delegations in the last days of 2024. The continuously improving investment environment, perfect transport infrastructure, favorable human and natural conditions are the "specialties" of the region to attract investors from all over the world.
In the last months of 2024, the Southeast region welcomes a new wave of investment with a series of large enterprises coming to exchange and propose investment in large projects in the area. In the middle of November 2024, Vice Chairman of the People's Committee of Dong Nai Province Vo Van Phi welcomed the Association of German Enterprises in Vietnam led by President Alexander Ziehe with the participation of more than 40 businesses from Germany.
Chairman of the German Business Association in Vietnam Alexander Ziehe said that Dong Nai used to be a key destination for German investment projects with outstanding FDI projects such as: Ziehl-Abegg Vietnam Limited Liability Company Project in Nhon Trach 2 Industrial Park, Pearl Vietnam Factory Project in Long Thanh District... Big German names such as Bosch, Schaeffler, Bayer, Neumann Gruppe, FRIWO, FRAMAS... were also present in Dong Nai.
Previously, Dong Nai province also welcomed representatives of business associations from Korea, Japan, India... to learn and survey the investment environment. In this appearance, Harbor Star Engineering Global Group (Korea) wishes to invest in urban, commercial, service, entertainment and logistics projects around the Long Thanh airport area; Aeon Mall Group (Japan) promotes investment in the commercial center project in Bien Hoa City with a scale of nearly 12 hectares, with a total investment of more than 6,000 billion VND; Coherent Group (USA) proposes to invest in 3 high-tech projects in the field of advanced optics, measurement and semiconductor component manufacturing; TWG Group (USA) proposes to invest in smart cities.
In mid-November, Chairman of the People's Committee of Binh Duong Province Vo Van Minh received Mr. Yeh Ming Yuh, General Director of Polytex Far Eastern Vietnam Co., Ltd. to propose to expand the scale and increase the investment capital of the petrochemical refining and textile integrated plant from 274.2 million USD to 1.54 billion USD. According to Mr. Yeh Ming Yuh, Polytex Far Eastern Vietnam is a subsidiary of Far Eastern Group, which is in the Top 500 large global enterprises. The company invested in building a factory in Bau Bang Industrial Park in 2015. In phase 3, which is expected to be completed by the end of this year, the plant will be put into operation.
Previously, many large corporations also came to Binh Duong to propose investment projects such as: Warburg Pincus Group (USA) proposed to invest in the Cross-border E-commerce Center Project; A.P Moller Maersk Group (Denmark) wishes to invest in a large-scale logistics center; Tokyu Group (Japan) surveyed the location to invest in semiconductor technology in Binh Duong.
If in November 2024, the two provinces of Binh Duong and Dong Nai are excited to welcome large investors in the world, Ba Ria Vung Tau province is also bustling to organize the Vietnam Logistics Forum 2024 (29/11-30/11/2024) in Xuyen Moc district. ministries, departments, branches, foreign organizations, experts, businesses and large universities across the country.
Ba Ria-Vung Tau is expected to be the focus of attention of trade and transport service organizations in improving the environment and attracting investment capital inside and outside the province. To attract investors, the provinces of Dong Nai, Binh Duong and Ba Ria Vung Tau always create a proactive mechanism to support investors and are ready to listen and remove difficulties for businesses.
"With a favorable geographical location and natural conditions, along with abundant human resources, including unskilled workers and high-quality labor, Dong Nai is implementing the motto of the Government accompanying businesses, the province always encourages and creates favorable conditions for businesses to invest, production and business" - Vice Chairman of Dong Nai Province Vo Van Phi said
According to Mr. Phi, the contact with investors is an opportunity to meet and exchange between provincial leaders, departments, departments and branches with representatives of businesses and investors. Thereby, exchanging and providing information on planning and development orientations in areas calling for investment in the area. At the same time, removing difficulties and supporting businesses; share information for units interested and eager to learn about investment in Dong Nai.
"Binh Duong has made efforts to create an equal, transparent and open business investment environment to help investors and businesses feel secure in investing and developing production and business. Departments, departments, branches and localities where the factory is located need to actively remove the difficulties that businesses face, especially the problem of electricity used so that the company can soon come into operation", Chairman of Binh Duong province Vo Van Minh said at the meeting with Polytex Far Eastern Vietnam Company
From another perspective, Vice Chairman of Ba Ria Vung Tau Province Nguyen Cong Vinh said that investment attraction events, such as the Vietnam Logistics Forum in 2024, are important milestones for local socio-economic development. Therefore, Mr. Vinh asked departments, departments, branches and localities to clearly assign tasks and responsibilities, ensure synchronous and close coordination between relevant units to organize the Forum successfully and achieve the set goals.
Although there are natural advantages, continuous efforts and the mechanism of "serving" to the fullest are the core factors in the investment attraction strategy of the provinces of Dong Nai, Binh Duong, Ba Ria-Vung Tau. That is also the premise for the Southeast region to continue to maintain its leading position in attracting FDI in 2025./.
