In particular, in the context that Long Thanh International Airport is set to be completed and put into operation in the next two years, Dong Nai has been likened to a magnet attracting leading corporations in the world.
Director of Dong Nai Department of Planning and Investment Nguyen Huu Nguyen said that the province is located in the economic development quadrangle of the Southeast region, including Ho Chi Minh City, Binh Duong, Dong Nai, and Ba Ria-Vung Tau, with the fourth largest economic scale in the country.
There are about 55,000 enterprises operating in the province, with more than 1,600 FDI projects and more than 1,000 domestic investment projects. Dong Nai is also one of the five provinces with the largest budget contributions in the country.
Dong Nai is leading the country in industrial park development with 48 planned industrial parks. Of which, 33 have been established with a total land area of 10,500 hectares, with an occupancy rate of more than 86% of the leased land area.
The province has attracted investment from 43 countries and territories with total capital of more than 30 billion USD, creating jobs for over 600,000 workers. New investment projects ensure criteria on advanced technology and non-labour-intensive supporting industries.
Nguyen Thi Hoang, Vice Chairwoman of Dong Nai Provincial People's Committee, emphasised that Dong Nai Province's economic growth has gradually recovered and developed. The economic growth rate is among the highest in the country. The average GRDP per capita in 2023 was estimated at about 140 million VND/person, ranking 7th in the country.
Dong Nai continues to maintain its position as the leading industrial centre of the country, one of the pioneering localities, and an attractive location, while also strongly attracting domestic and international investment.
The province has developed new investment attraction criteria, organised promotion, and shifted investment attraction towards more selective investment with high-quality projects, applying high technology, and promoting green transformation.
“Dong Nai is facing many opportunities, especially as the completion and operation of Long Thanh International Airport in the coming time will create a big "push", creating opportunities and conditions to exploit new driving forces, creating a breakthrough in the economic model of the province,” said Vice Chairwoman Nguyen Thi Hoang
In addition to the achieved results, the growth rate has shown signs of recovery but is still slow, the target of an average economic growth of 8.5% per year is very difficult to achieve. Industry is the main driving force for the province's economic growth, but it faces many difficulties due to fluctuations and declines in the world market, and slow recovery.
Service sectors, especially business support services, industrial services, and logistics services, have developed but are not yet commensurate with the potential of an industrial province located in a convenient traffic location, considered a prime location that few localities have.
Experts, scientists, associations, enterprises, departments, and sectors have focused on: exchanging and analysing the results achieved in the innovation of the growth model, improving the quality of growth of Dong Nai Province in recent time; and identifying bottlenecks, shortcomings, limitations and issues for the innovation of the sustainable economic development model of Dong Nai, as well as opportunities and challenges in the development of Dong Nai Province in the coming time.
