Dong Nai steps up effort to lure foreign investors. (Photo: VNA) Dong Nai (VNA) – To be a top destination for foreign investors, the southern province of Dong Nai has accelerated public administrative reforms and facilitated foreigners doing business in the province. Dong Nai is home to more than 1,200 valid FDI projects with registered investment of more than 23 billion USD. Since 2014, an average of about 1.7 billion USD has been invested in the province’s FDI projects each year. Besides large investors, the province has also called for foreign enterprises with medium-sized investment in high technology. Currently, 80 percent of FDI firms in the province have invested 10 million USD or more. Various dialogues have been held annually by the local government to help enterprises remove barriers while the province has asked for cooperation from other provinces like Nghe An and Dong Thap to help recruit workers. Before, enterprises employing more than 5,000 workers were … [Read more...] about Dong Nai steps up effort to lure foreign investors
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Industry 4.0 Lab set up in Dong Nai with Bosch Rexroth assistance
Inauguration of the demonstration room with industry 4.0 equipment set up by Bosch Rexroth at the LILAMA 2 International Technology College in Dong Nai Province on September 19. — VNS Photo A demonstration room with industry 4.0 equipment provided by Bosch Rexroth was set up at the LILAMA 2 International Technology College in Dong Nai Province on September 19. This industry 4.0 laboratory will be used to train teachers and in-company trainers and implement newly developed training programmes. It features teaching equipment in drive and control technology and training materials including technical books, manuals, training software, eLearning, videos, and animations. Students training at LILAMA 2 have the chance to use equipment and software practically and prepare themselves with industrial experience they can adapt in real manufacturing environments. Nikolay Kurnosov, director of Bosch Rexroth Vietnam and Cambodia, said: “A highly skilled workforce plays a pivotal role in … [Read more...] about Industry 4.0 Lab set up in Dong Nai with Bosch Rexroth assistance
Dong Nai leads in trade surplus in eight months
The southern province of Dong Nai enjoyed a trade surplus of US$1.8 million during the January-August period of 2018, accounting for 64 pct of the whole country’s trade surplus, stated the provincial Department of Industry and Trade. The export turnover of Dong Nai was estimated at US$12.2 billion in the first eight months, an annual rise of 12 pct, while the import turnover was US$10.4 billion in the period. The province has exported hundreds of varieties of products in recent years, including footwear, garments and textiles, fibres and textile threads, wooden products, computers, electronics and spare parts. According to the General Statistics Office, Vietnam produced a trade surplus of US$2.8 billion in the first eight months of 2018. The United States remained the largest market for Vietnamese exports, purchasing US$30 billion worth of goods in the January-August period, up 10.2 pct from the previous year. The EU came second with US$27.7 billion worth of goods, followed by … [Read more...] about Dong Nai leads in trade surplus in eight months
Dong Nai’s exports hit US$12.2 bln in eight months
Illustrative image (Source: VNA) During the period, imports in the province reached US$10.4 billion, resulting in a trade surplus of US$1.8 billion, accounting for more than 64% of the country’s total, reported the General Statistics Office. The province’s high export currency earners include footwear at US$2.4 billion, up nearly 11% year-on-year; apparel US$1.3 billion, 7%; and fiber US$1.1 billion, 17%. The provincial Department of Industry and Trade attributed high export growth to the stable world economy and the high demand with increasing orders from businesses. Apart from traditional markets such as the US, China, Japan, the Republic of Korea and the EU, enterprises also tapped into free trade agreements that Vietnam signed with countries to enjoy tax incentives, expand markets, and boost exports. According to the department, Dong Nai is forecast to achieve a trade surplus of over US$2.5 billion later this year. Last year, the … [Read more...] about Dong Nai’s exports hit US$12.2 bln in eight months
Dong Nai’s exports hit 12.2 bln USD in eight months
Illustrative image (Source: VNA) Dong Nai (VNA) – Exports in the southern province of Dong Nai hit 12.2 billion USD in the first eight months of this year, up nearly 12 percent annually, according to the provincial Statistics Bureau. During the period, imports in the province reached 10.4 billion USD, resulting in a trade surplus of 1.8 billion USD, accounting for more than 64 percent of the country’s total, reported the General Statistics Office. The province’s high export currency earners include footwear at 2.4 billion USD, up nearly 11 percent year-on-year; apparel 1.3 billion USD, 7 percent; and fiber 1.1 billion USD, 17 percent. The provincial Department of Industry and Trade attributed high export growth to the stable world economy and the high demand with increasing orders from businesses. Apart from traditional markets such as the US, China, Japan, the Republic of Korea and the EU, enterprises also tapped into free trade agreements that Vietnam … [Read more...] about Dong Nai’s exports hit 12.2 bln USD in eight months