Dong Nai (VNA) – The IndustrialZone Management Board of southern Dong Nai province has revoked investmentpermits granted to 40 FDI projects, which have been abandoned or delayed for along time.

According to Mai Van Nhon,deputy head of the board, the revoked projects have a total investment of over300 million USD.

Nearly 1,300 projects, worthover 25.8 billion USD, from 44 countries and territories are valid in Dong Nai.

Since the beginning of 2017, theboard has been working hard to review the status of projects located theindustrial zones, Nhon said, adding that investment permits of any project thatexceeded the 12-month limit set for disbursement will be withdrawn.

The move indicated thedetermination of the province to exclude incapable investors from theindustrial zones and speed up the licensed projects’ disbursement time.

Nhon added the province hasgiven priority to projects that apply advanced technologies and use few workersand those in the support industry. It also called for more investment atdistrict-level industrial parks.

In 2016, Dong Nai grantedinvestment licenses to 100 FDI projects, 50 percent of which were located atrural mountainous districts, such as Dau Giay, Suoi Tre, Long Khanh and Nhon Trach3 industrial parks.

The province is currently hometo 32 industrial parks and attracts about 2 billion USD in FDI annually.-VNA