Dong Nai attracts 3.42 bln USD from ASEAN countries

Tuesday, July 28, 2015 18:36

ASEAN countries have so far poured over 3.42 billion USD into 129projects in the southern province of Dong Nai, according to Bo Ngoc Thu,Director of the provincial Department of Planning and Investment.

Singapore is the biggest ASEAN investor in the province withnearly 2 billion USD in 49 projects, followed by Thailand with 751million USD million in 34 projects and Malaysia with over 607 millionUSD in 31 projects.

Investments from Singapore includethe urban area Water Front project with a total registered capital of750 million USD and a project worth 400 million USD investing in realestate.

Meanwhile, the Thai-invested Amata Vietnam JSC,following the success of its first industrial park project in theprovince, has decided to pour 282 million USD into the LongThanh Hi-tech Industrial Park, said General Director Somhatai Panichewa.

Accordingto the provincial Department of Planning and Investment, ASEANinvestors have flocked to the province in recent years to grabinvestment opportunities to be created by the ASEAN Economic Communitywhich will be established by the end of this year.

They have chosen Dong Nai as the province with the greatest potential to develop industry and service.

The KinderWorld Education Group from Singapore is also planning to invest in a school project worth 100 million USD.

Fromthe outset of this year, Dong Nai licensed 57 new foreign directinvestment projects with registered capital of about 1.1 billion USD.The province is currently home to a total of 1,506 projects worth 27.2billion USD.-VNA

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