Dong Nai prioritizes luring hi-tech projects

Dong Nai Province plans to attract $1 billion worth of investment in its industrial parks in 2013, prioritizing hi-tech projects.

In January, industrial parks have lured four foreign-invested projects with total investment of $118 million. The projects, including three from Japanese investors and one from Brunei, cover an area of 127,325m2 and all involve in hi-tech supporting industry.

According to Ms. Nguyen Phuong Lan, Vice Chairwoman of the Dong Nai Industrial Parks Management Board, the province no longer calls for projects with big investment but now focuses on quality of projects, prioritizing hi-tech, electronics and electricity, and supporting industries.

Dong Nai will issue preferential policies to attract projects on agricultural production using advanced techniques and biotechnology, and on processing farm products. The province will limit the number of investment projects which heavily affect environment.

The southern province will also speed up administrative procedure reform, production and business, as well as removal of obstacles faced by enterprises. The provincial People’s Committee has instructed the Management Board to better take care of potential and existing investors in industrial parks.

Source VGP