Dong Nai, November 7 – A delegation of over 45 German enterprises and investors, led by GBA Chairman Mr. Alexander Ziehe and Chief Representative of AHK Vietnam Mr. Peter Kompalla, held constructive talks with the Vice Chairman of Dong Nai People’s Committee Mr. Vo Van Phi, and provincial departmental heads. The discussions centered on boosting foreign direct investment (FDI) and reinforcing Dong Nai’s position as a competitive business hub.
Chairman Mr. Ziehe highlighted that Dong Nai is a key destination for German investment projects. “Our members are involved in a variety of industries in Dong Nai. With Ziehl-Abegg, Pearl, and Viessmann, the province has attracted several renowned German FDI projects within the last 12 months. Furthermore, the province is home to several well-established projects for many years, including Bosch, Schaeffler, Bayer, Neumann Gruppe, FRIWO, and Framas.” he said.
He also added, “This proves the attractiveness of Dong Nai as an FDI destination for German investors. Thanks to strategic factors such as its easy connectivity to seaports and airports and well-developed infrastructure, investors choose Dong Nai as their base in Vietnam.” The GBA identifies several critical areas and recommends the following actions to increase the attractiveness of Dong Nai:
1/ Streamlined Digitized Administrative Procedures: Simplify processes for licensing, customs, environmental approvals, work permits, and regulatory approvals to reduce delays for foreign enterprises. Fully digitalize administration and significantly reduce paperwork using digital tools.
2/ Liberalization of International Banking: Remove the complex reporting regime on forex payments and simplify capital injection rules to enhance investment decisions.
3/ Tax and Financial Incentives: Consider tax reductions for businesses expanding or reinvesting, further incentivize investments in R&D, future technologies, and site upgrades. Provide prompt guidance on VAT refund cases.
4/ Infrastructure Development: Continue improving transport infrastructure, particularly road and logistics networks, to facilitate movement between Dong Nai, industrial zones, and major ports, particularly the Ben Luc – Long Thanh expressway and Ring Road 3 connectivity.
5/ Labor Policy: Support vocational training and skill development programs, aligning with German businesses’ needs and local employment goals.
6/ Land Use Rights and Lease Extensions: Establish clear guidelines for foreign businesses and administrative bodies on extending land leases and renewing Land Use Rights to support long-term planning.
7/ Public-Private Partnerships (PPP): Encourage PPPs in infrastructure, healthcare, and education, allowing German companies to contribute expertise and investment.
Vice Chairman Mr. Vo conveyed Dong Nai’s commitment to revamping its industrial landscape, transforming traditional industrial parks into smart ones, fostering supporting industries, and constructing a comprehensive regional transport network. The province is keen on attracting FDI for sustainable practices, focusing on renewable energy, a green economy, and a circular economy.
The meeting was productive, enabling direct dialogue between GBA members and local officials, which led to the swift resolution of key issues. Such exchanges are vital in strengthening international economic ties and establishing Vietnam as a leading destination for investment and a competitive player in the Asian market.
To conclude, Chairman Mr. Ziehe expressed gratitude to the Dong Nai Provincial People’s Committee and the Investment Promotion Center – South Vietnam (IPCS) for their support in these collaborative efforts. “Together, the GBA is dedicated to ensuring the success of this partnership.” he said.
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