Workers at a garment factory (Photo: VNA)

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 target 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