Eight foreign direct investment projects capitalizing at 13 million USD in southern Dong Nai province had their investment licences revoked in 2014, given their expired licences were yet renewed.

Nine other FDI enterprises with a combined capital of 96 million USD were dissolved due to their inefficient operations, the Management Board of Dong Nai Industrial Zones has reported.

According to Mai Van Nhon, Deputy Director of the Management Board, the move, which will be taken in the following years, aims to ensure a healthy investment climate for capable investors.

In 2014, the province attracted 1.7 billion USD in FDI, doubling its yearly target. The investments came from 159 new projects and expanded ones.

Dong Nai now has 1,131 valid foreign projects with a total investment of nearly 21.49 billion USD.

It is home to 31 industrial zones covering nearly 9,560ha, with the land occupancy rate of 66.77 percent, according to the Managing Board.

The province, which ranked third in terms of the most attractive foreign investment destinations in 2014, eyes 1 billion USD in FDI in 2015.

Dong Nai, together with Binh Duong, Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An and Tien Giang provinces and Ho Chi Minh City, form Vietnam’s southern key economic region.-VNA