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Dong Nai among Vietnam's top 10 localities in FDI attraction

Foreign direct investment (FDI) attraction remained a bright spot of the southern province of Dong Nai in the first quarter in 2024.
Dong Nai among Vietnam's top 10 localities in FDI attraction ảnh 1Dong Nai province attracts 571 million USD in FDI in Q1, up 13.3% over the same period in 2023. (Photo: VNA)

Dong Nai (VNA) – Foreign direct investment(FDI) attraction remained a bright spot of the southern province of Dong Nai inthe first quarter in 2024.

According to the provincial Statistics Office, the province attracted 571 million USD in FDI in Q1, up 13.3% overthe same period in 2023. With the sum, Dong Nai ranked in the country's top 10 provinces and centrally-run cities in terms of FDI attraction in the first quarter.

There were 24 newly licenced projects with total registered capital of 291.4 million USD, a 5.5-fold increase overthe same period last year. Meanwhile, 24 projects were permitted to add 279.9 million USD to their registered capital, down 37.9% year on year.

The office said the FDI investment capital in thefirst three months of the year was mainly invested in newlylicenced industrial parks.

Dong Nai attracted 1.2 billion USD in 2023, anincrease of 11% compared to 2022. Among the projects, there were 81 newly licenced projectswith total registered investment of over 467 million USD, and 94 projects permitted to add over 761 million USD to their capital.

The province is now home to nearly 1,600 valid FDIprojects, with combined investment capital of over 34 billion USD.

The province’s industrial production index in thefirst quarter of 2024 rose by 5.1% over the same period last year. The slowincrease in industrial production index was attributed toa lack of orders.

In addition, the political situation and inflationin the world have greatly affected production activities of local industrialenterprises, leading to lower production indexes of key industries in the area than the same period last year, especially key manufacturing industries such astextiles and garments, leather shoes,chemicals, electronic products, and computers./.

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