Dong Nai surpasses yearly target in FDI attraction
The southern province of Dong Nai attracted 1.34 billion USD in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20 percent, surpassing the annual target by 34 percent.
Dong Nai (VNA) – The southern province of Dong Nai attracted 1.34 billion USD in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20 percent, surpassing the annual t൩arget by 34 percent.
According to the provincial Department of Planning and Investment, the locality granted investment to 58 newly-registered projects worth 724 million USD and 44 existing ones with increased capital of 617 million USD.
The projects were funded by investors from 44 countries and territories, mainly from the Republic of Korea (RoK), Taiwan (China) and Japan.
As of July 19, the province boasts 1,613 projects with a total investment of over 29.1 billion USD, including 1,223 valid projects worth over 24.5 billion USD, prioritising hi-tech, skilled labour and environmentally friendly ventures.
The provincial People’s Committee attributed the outcomes to the local efforts to improve administrative procedures and hold regular dialogues with businesses to help them overcome difficulties and facilitate their operation.
The locality also developed infrastructure at a support industry, and hi-tech industrial parks to lure foreign investors.-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.
The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than 11.2 billion USD, the Foreign Investment Agency (FIA) said.
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,
The foreign direct investment (FDI) sector, which has significantly contributed to the growth of the Vietnamese economy, has on the other hand posed negative impacts to the nation’s ecosystem.
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