The southern province of Dong Nai recorded a year-on-year surge of 17 percent in FDI attraction in the first seven months of 2014, with both newly-registered and additional capital totalling over 834 million USD.

According to Mai Van Nhon, deputy head of the local industrial zone management board, in the period, all of the new projects are in line with the province’s orientation of attracting foreign investment in high-tech, environmentally-friendly and supporting industries.

Japanese investors poured 57.8 million USD in 18 new projects, accounting for 45 percent of the total project number. They also added 30 million USD to existing ones in Dong Nai, Nhon said.

In the period, 750 million USD was disbursed, up 36.4 percent against the same period last year and equivalent to 75 percent of the yearly target.

At the same time, the locality also revoked investment licences from eight FDI projects worth 86 million USD, which had been delayed for more than 12 months and failed to resume despite the authority’s warnings, bringing the number of revoked projects so far to 325 with total capital of almost 4.4 billion USD.

Bo Ngoc Thu, Director of the provincial Department of Planning and Investment, said that the locality is striving for an additional 200 million USD in FDI attraction by the end of this year.

There are now 1,106 valid FDI projects with total registered investment of 21 billion USD in the province.-VNA