Taiwan (China) and the Republic of Korea (RoK) have been the leading foreign investors in the southern province of Dong Nai with investment capital surpassing 5 billion USD.
A major road in Dong Nai's Bien Hoa city. (Photo: VNA)
Dong Nai (VNA) – Taiwan (China) and the Republic of Korea (RoK) have been the leading foreign investors in the southern province of Dong Nai with investment capital surpassing 5 billion USD, acco🅰rding to the provincial Department of P𓂃lanning and Investment.
Taiwan topped the list of over 40 countries and territories investing in the province with 283 projects worth nearly 5.13 billion USD, followed by the RoK with 312 projects capitalised at over 5 billion USD.
Their investment is focusing mainly on footwear, garment, wooden products, electronics, and products serving support industries.
In February, local industrial parks attracted 14 foreign direct investment (FDI) projects with registered capital of 170 million USD, 2.6 times higher than that of the same period last year, according to the Management Board of the Dong Nai Industrial Zones.
Also during the month, 17 FDI projects registered additional capital worth 299 million USD, up 4.2 times, the board added. In the first two months of 2016, the total FDI capital pouring into the local industrial zones reached 464 million USD.
This year, Dong Nai targets to attract 1 billion USD in investment.-VNA
The southern province of Dong Nai has topped the country in attracting foreign direct investment in the first two months of 2016, said the provincial Industrial Zones Authority (DIZA).
Industries thriving due to free trade agreements (FTAs) should seek foreign investment to develop domestic suppliers of parts or materials for manufacturing, experts said.
Enterprises from the Republic of Korea (RoK) want to expand investment in the southern province of Dong Nai, said President of the Association of Korean Businesses in Dong Nai Park Hyun Bae.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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A major road in Dong Nai's Bien Hoa city. (Photo: VNA)
