Textile and dyeing factories in Đồng Nai proposed by EXIMBANK of India

Đồng Nai, a province in the Southeast region of Vietnam, located east and northeast of Ho Chi Minh City with a keen view to invite investments to its industrial parks seeks collaborations with India’s Exim Bank.

A delegation from the Export and Import Bank of India (EXIMBANK) paid a fact-finding tour to the southern province of Đồng Nai last week to seek partnership opportunities.

During a working session with the delegation, Vice Chairman of the provincial People’s Committee Nguyen Phu Cuong said the locality has zoned off 31 industrial parks, 27 of which have been put into operation.

The provincial leader suggested that the investors should construct their textile and dyeing factories in Nhon Trach and Nhon Trach 6 industrial parks in Nhon Trach district.

He also said that currently, the province is calling for investment into the parks and proposed that the EXIMBANK Indian will help encourage Indian enterprises to invest in Dong Nai.

The bank proposed that Đồng Nai put aside 50 hectares in an industrial park for Indian businesses to build their textile and dyeing factories.
A representative from the Indian delegation said as a State-run agency tasked with assisting Indian enterprises in investing abroad and exporting.

The delegation’s visit aims to study local investment policies and locations for possible Indian investment, focusing on textile, dyeing, electronics and health equipment.