More than 40 German enterprises come to Dong Nai to seek investment opportunities

A delegation of more than 40 German enterprises came to Dong Nai to seek investment opportunities, noting the advantages of increasingly developing infrastructure, which can easily connect to seaports and airports.

A delegation of more than 40 German enterprises came to Dong Nai to seek investment opportunities, noting the advantages of increasingly developing infrastructure, which can easily connect to seaports and airports.

On November 7, the People's Committee of Dong Nai province received and worked with a delegation of more than 40 German enterprises led by Mr. Alexander Ziehe, Chairman of the Association of German Enterprises in Vietnam, who came to Dong Nai to explore investment opportunities.

At the working session, informing German enterprises, Mr. Vo Van Phi, Vice Chairman of Dong Nai Provincial People's Committee, said that there are currently 12 projects of German enterprises investing in Dong Nai with an investment capital of over 273 million USD.

German enterprises investing and doing business in Dong Nai are effective and comply with legal regulations on investment, environment, construction, labor, etc., making important contributions to the local economic and social development.

Vice Chairman of Dong Nai Provincial People's Committee Vo Van Phi (standing) speaks at the working session with German businesses.

The Vice Chairman of Dong Nai Provincial People's Committee said that by 2026, Long Thanh International Airport in Dong Nai will complete and put into operation phase 1. This project will create development momentum not only for Dong Nai but also for the entire Southern key economic region.

At that time, Dong Nai province will have full means of transportation including: road, air, rail, inland waterway, to increase investment attraction in the locality.

With the infrastructure being completed, Mr. Alexander Ziehe, Chairman of the Association of German Enterprises in Vietnam, commented that Dong Nai is an attractive destination for German investors thanks to its easy connectivity to seaports and airports and developing infrastructure.

This is demonstrated by the fact that the province has attracted a number of outstanding projects from German enterprises over the past year, such as the project of Ziehl-Abegg Vietnam Co., Ltd. in Nhon Trach district; the Pearl Vietnam Factory project in Long Thanh district.

In addition, a number of German enterprises are investing in Dong Nai such as Bosch, Schaeffler, Bayer, Neumann Gruppe, Friwo, Framas... expanding their investment.

“I am very impressed with the open and professional environment that Dong Nai is building for the foreign business community, including German businesses,” Mr. Alexander Ziehe commented.

However, at the meeting, a number of German enterprises investing in Dong Nai reported that they are facing difficulties and problems with administrative procedures related to land; congestion in port areas and industrial zones, causing delays in transporting goods; and difficulties in visa and license procedures for experts and senior managers.

Chief Representative of the German Chamber of Industry and Commerce in Vietnam Peter Kompalla pointed out some difficulties that German enterprises are facing when investing in Dong Nai.

German businesses recommended that the Dong Nai Provincial People's Committee simplify administrative procedures, shorten the process of granting environmental approvals and work permits. The businesses also recommended that Dong Nai consider reducing taxes for businesses that expand or reinvest.

Receiving comments from German enterprises, Mr. Vo Van Phi, Vice Chairman of Dong Nai Provincial People's Committee, directed departments, branches, Tax Department, Customs Department... to record difficulties, problems, proposals and recommendations of enterprises for consideration, resolution and overcoming in order to improve the investment environment of the province.

The leader of Dong Nai Provincial People's Committee affirmed that Dong Nai Provincial Government always creates favorable conditions for businesses to invest, produce and do business in the province.

Source: https://baodautu.vn/hon-40-doanh-nghiep-duc-den-dong-nai-tim-co-hoi-dau-tu-d229470.html