Dong Nai: FDI disbursement surpasses year target hinh anh 1A corner of an industrial park in Dong Nai province. (Source: VNA)

Dong Nai (VNA) – Disbursement of foreign direct investment (FDI) capital from the beginning of this year in the southern Dong Nai province has reached nearly 800 million USD, surpassing targets for the year, according to the provincial Department of Planning and Investment.

The figure represents 50 percent of the total registered capital, the department said, adding that the majority of disbursed FDI capital comes from Japan, Taiwan, the Republic of Korea and is focused in the manufacturing, processing and electronic industries.

Cao Tien Dung, director of the department, said FDI disbursement in the first nine months was high and stable.

The southern province attracted 1.6 billion USD in FDI capital since the beginning of this year, surpassing its target of one billion USD set for the whole year.

Dong Nai has lured a large number of FDI business over years, partly thanks to its position is the southern key economic region and convenient transport network.

It has worked to reform administrative procedures, with many of administrative units applying e-services, reducing the time for granting investment licences and processing required documents by one third or by half compared with the government standards.-VNA