Dong Nai tops nation in FDI attraction

Illustrative image ( Source :VNA)

Dong Nai (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).

Accordingly, the province has lured 463 million USD worth of foreign direct investment, which accounted for 46.3 percent of its target and presented a rise of 3.4 percent compared to the same period last year.

For the reviewed period, 14 new projects were licensed with a total registered capital of 169 million USD, while 17 projects currently operating were allowed to increase capital - with a total increased capital of 298.8 million USD.

Taiwan (China) was the lead among countries and territories investing in the locality in the reviewed period, with four projects worth of a total registered capital of 125 million USD.

The new investment projects are diversified in many trading areas and meet with the locality’s investment attraction orientation, which include five projects in supporting industries for the mechanical and apparel industries.

According to the DIZA, one of the main reasons for the increasing FDI inflow is investors are taking the initiative to receive expected opportunities from free trade agreements, particularly the Trans-Pacific-Partnership (TPP) Agreement.

Many of the world’s largest companies from the Republic of Korea, Japan and China have invested in the province, including Fujitsu, Formosa, VPIC, Hyonsung, Changshin, Taekwang, and Amata.-VNA