southern provinces

The southern province of Dong Nai has seen positive changes in foreign direct investment (FDI) in the first two months of this year as its newly-licensed projects use advanced technology, are less labour intensive and more environmentally friendly.

VCN- Faced with the complicated developments of the pandemic, especially during this return of the pandemic, customs authorities in key Southern provinces with large travel of import and export goods, Customs Department of Ho Chi Minh City, Binh Duong, Dong Nai, Ba Ria-Vung Tau have implemented many solutions to both ensure prevention of the Covid-19 pandemic and facilitate import and export activities of enterprises. Thereby, customs units recorded better revenue and import and export turnover than the same period last year.

Provinces in the southern region plan to expand industrial parks (IPs) and continue improving the business climate to lure foreign investment following the containment of the third COVID-19 outbreak.

Officers tasked with preventing fake goods, trade fraud and smuggling in Ho Chi Minh City and southern border provinces have been forced to work hard ahead of Tet (Lunar New Year), which falls on February 12 this year.

In the first months of 2017, the country has attracted 175 new FDI projects with total registered capital of $US 1,244 billion, increased by 23% compared to same period in 2016