Dong Nai: Foreign investments land in support industry
The southern province of Dong Nai has so far this year attracted 33 new foreign direct investment (FDI) projects, with nearly half of them poured into support industries.
Dong Nai (VNA) – The southern pꩵrovince of Dong Nai has so far this year attracted 33 new foreign direct investment (FDI) projects, with nearly half of them poured into support industries such as mechanical engineering and garment.
This shows that the province’s policies to lure investments in support industries over the past years have proven effective, said Chau Anh Huy from the Dong Nai Industrial Zones Authority.
Foreign businesses will apply advanced technology to carry out the 15 support industry projects, helping promote domestic production and ease the imports of spare parts.
Huy said that the province eyes to draw 1 billion USD in FDI in 2016, nearly three fifths of which was realised in the first quarter of the year.
Over 240 million USD was injected into the 33 newly-licensed projects while nearly 340 million USD was added to 28 existing projects.
Dong Nai is home to 1,200 valid FDI projects worth more than 24 billion USD. Major investors in the province include Taiwan (China), Japan and the Republic of Korea.-VNA
The southern province of Dong Nai reeled in 982 million USD in foreign direct investment (FDI) in January-April, surpassing its original 900 million USD target for this year.
Dong Nai attracted about 1.57 billion USD in FDI capital from the beginning of this year, up 70 percent compared to the same period last year and surpassing this year’s target by 57 percent.
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
The southern province of Dong Nai attracted 448 million USD of foreign direct investment (FDI) in the first three months of this year, an increase of 311 percent against the same period last year.
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Illustrative image (Source: VNA)
