Authorities in southern province expect Long Thanh High-tech Industrial Park to attract investment high technology and industrial support.
The Dong Nai Provincial People’s Committee authorized Decision No. 2048 on July 22 on establishing the Long Thanh High-tech Industrial Park and issuing investment licenses to the Amata Vietnam Joint Stock Company. The project has capital of over $282 million and is located on an area of 400 ha.
According to Ms. Somhatai Panichewa, CEO of Amata Vietnam, the project, with a convenient location and links with main traffic routes in the southern key economic zone, will hold many advantages to welcome investment flows. She also believes that after the first phase is completed in 2017 the park will attract capital investment 5- 6 times higher than Amata’s investment capital.
Fields of focus are projects using high-technology and industrial support. The park is expected to employ 16,000-20,000 workers.
With the establishment of high-tech park Dong Nai province has shown its ambition to attract investment in the field of high technology and industrial support. Despite always being among the leading provinces in attracting investment over recent years, the number of projects in these fields remains quite limited. Only four high-tech projects have been approved at the 31 industrial parks in the province, with total investment of nearly $300 million.
Since the beginning of this year Dong Nai has attracted nearly $1.5 billion worth of new investment and existing projects increasing their capital, exceeding the plan by $1 billion. The province has attracted investment from more than 40 countries to date, totaling more than $20 billion.