Illustrative image (Photo: VNA) Dong Nai (VNA) – The disbursement offoreign direct investment (FDI) in the southern province of Dong Nai hit arecord high of 1.6 billion USD in 2018, accounting for 86.4 percent of totalforeign attraction in the year.
According to Vice Director of the provincial Department of Planning andInvestment Nguyen Huu Nguyen, the local disbursement figure is much higher thanthose recorded in other cities and provinces nationwide.
Of the total 28 billion USD in FDI accumulated in Dong Nai province so far,20.5 billion USD has been disbursed.
Regarding policies to attract further foreign investment in 2019, Deputy Headof the Dong Nai Industrial Zones Authority Mai Van Nhon said that the province willreject any project that is likely to cause environmental pollution or usesout-of-date technology, instead prioritising clean, green investments.
Before granting investment licences, local authorities will consider theprojects’ production value, labour productivity, and disbursement rate, amongothers, he added.
The Department of Planning andInvestment said that the province is now home to 1,861 FDI projects with atotal registered capital of 33.63 billion USD. Among them, 1,379 projects worthsome 28 billion USD are operational, while the other 482 have had theirlicences withdrawn.
Most of the province’s projects havebeen run by investors from the Republic of Korea, Japan, and China.
The FDI capital was injected into the supportingindustries in the fields of electronics; garment, textiles, and footwear; andthe manufacturing of machinery products. –VNA
VNA
