During his working session with the southern province on September 24, the PM requested a focus on revitalizing traditional growth drivers and promoting new ones.
A billion-dollar gas-fired power project, crucial to Vietnam's energy security, is on the brink of collapse due to a bitter land dispute between state-owned PetroVietnam Power and a local industrial park developer.
The Dong Nai Provincial People’s Committee plans to auction land use rights for 105 land plots with a total area of nearly 782 ha this year and in subsequent years. The southern province will complete procedures before the end of this year to auction six land plots with a starting value of nearly VND790 billion ($33.13 million) in total.
Along with many localities around the country, southern Dong Nai province’s exports saw good growth in July and August compared to the first half of 2022. However, exports, which more often than not help Vietnam post a trade surplus, showed signs of declining in the two months.
The 60-km Dau Giay - Tan Phu Expressway has been approved for construction with total investment of nearly VND8.4 trillion ($356.8 million) under the public-private partnership (PPP) model in 2021-2025. This is the first part of the Dau Giay - Lien Khuong Expressway connecting Lam Dong province with Ho Chi Minh City and southern provinces totaling more than 200 km in length.
The Westlake Corporation from the US has invested in the construction of a new factory producing PVC resins at the Bien Hoa II Industrial Park in southern Dong Nai province. With modern equipment and a high level of automation, the factory will make Westlake Compounds Vietnam a key PVC resin producer in the Asia-Pacific region.
For the first time in 30 years, southern Dong Nai province has lost its place in the top 5 localities regarding domestic investment and FDI. In the first eight months of the year, domestic investment and FDI in the province equaled just 6.93 per cent and 68 per cent, respectively, of the figures in same period last year. Reasons include bottlenecks in regulations and a limited land fund, resulting in investors moving to other localities.
