Monday, August 21, 2017 - 17:24:06

Dong Nai attracts over 925 mln USD from FDI projects

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The southern province of Dong Nai attracted over 925 million USD in foreign direct investment (FDI) capital from January 1, 2015 to April 15, 2015.

The figure generated during the three and a half months surpassed the annual target by 25 million USD, said the provincial Department of Planning and Investment.

Of the amount, 791 million USD was poured into 28 new projects and 134.77 million USD went into 22 existing projects.

According to the industrial park (IP) Management Board, the Republic of Korea’s (RoK) Hyosung Dong Nai Limited Company posted the largest investment capital with over 600 million USD.

Investors have primarily employed green and environmentally-friendly technologies in accordance with the province’s long-term plans.

To date, the province has licensed 1,479 FDI projects with total investment capital of 27.03 billion USD, 1,127 of which are operating with total capital of 22.54 billion USD.

Director of the provincial Department of Planning and Investment Bo Ngoc Thu said the substantial amount of FDI during the first half of 2015 is attributable to an improved investment climate and reformed administrative procedures, facilitating operations and attracting investors.

With this positive outcomes, Dong Nai expects to attract over one billion USD in FDI capital in 2015.-VNA
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