Illustrative image (Source: VNA)

Dong Nai (VNA) - Disbursement of foreign direct investment (FDI) in the southern province of Dong Nai has reached 1.2 billion USD so far this year, accounting for over 80 percent of the total FDI poured into the locality in the period.

Mai Van Nhon, deputy head of the Management Board of Dong Nai Industrial Parks, attributed the situation to determination of investors, favourable business environment of the locality and efforts by provincial authorities in simplifying administrative procedures.

Disbursement of investment in major projects registered in 2017 was completed. Meanwhile, that of new projects or those who registered additional capital in early this year also shows positive performance.

Statistics released by the management board shows that in the first seven months of 2018, Dong Nai collected 397 million USD of tax and others from FDI firms, recording a year-on-year rise by 80 million USD.

Currently, the province is home to 1,370 valid FDI projects from 45 countries and territories worth over 28 billion USD. The locality aimed to lure about 2 billion USD of FDI in 2018.-VNA