The southern province of Dong Nai has attracted over 7.64 trillion VND (343.8 million USD) from domestic investors so far this year, a 42 percent rise over the same period last year,
Dong Nai (VNA) – The southern province of Dong Nai has attracted over 7.64 trillion VND (343.8 million USD) from domestic investors so far this year, a 42 percent rise over the same period last year, reported the provincial Department of Planning and🦩 Investment.
Of the total, 7.3 trillion VND was poured into 20 new projects, mostly in real estate and water supply, while 330 billion VND was injected into three underway projects.
So far, the province, which is located in the southern key economic region and is home to 36 industrial parks covering an area of over 12,057 hectares, has licenced 660 domestic-invested projects with a total investment of 183 trillion VND (8.3 billion USD).
Cao Tien Dung, head of the department, attributed the success to the locality’s favourable location and convenient transportation, together with attractive and transparent investment attraction policies.
The province has also sped up administrative reform, shortening document processing duration, he said, adding that it has organised regular meetings with businesses to tackle obstacles they are facing.
Meanwhile, from early this year, the province has also withdrawn licences from 4 domestic projects worth about 1.7 trillion VND (77.2 million USD) for sluggish implementation.-VNA
The southern province of Dong Nai attracted 1.01 billion USD in foreign direct investment (FDI) in nearly half of 2016, surpassing its 1 billion USD target set for the whole year.
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Illustrative image (Source: VNA)
