Thursday, August 17, 2017 - 2:55:53

Dong Nai’s FDI attraction surpasses yearly target

VNA Print

Illustrative photo (Source: VNA)
Dong Nai (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.

Of the total, nearly 400 million USD was injected into 53 new projects, while over 600 million USD was added to 42 existing ones, according to Cao Tien Dung, Director of the provincial Planning and Investment Department.

The projects are mostly funded by Japanese, the Republic of Korea, Taiwan (China) investors, mainly focusing on support industry and electronic accessory production, added he.

Notably, Dong Won Vietnam Company invested 60 million in its fabric factory, while Shing Mark Vina poured 100 million USD into its interior decoration production project and Hewaseung Vina injected 70 million USD into a footwear factory.

The investors are finalising necessary procedures to construct their factories, mostly located in industrial parks in Nhon Trach, Long Thanh and Trang Bom districts and Bien Hoa city.

So far, Dong Nai has lured 1,600 projects worth nearly 29 billion USD from 43 countries and territories, including 1,200 valid ones totalling over 24 billion USD.

Located in the southern key economic region, the province is home to 36 industrial parks covering an area of over 12,057 hectares.-VNA

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