Okatsune Vietnam, a Japanese firm, has inaugurated its 1.4 million USD factory operating in the support industry in Nhon Trach 3 Industrial Zone in the southern province of Dong Nai.

The information was revealed on September 19 by Mai Van Nhon, deputy head of the management board of Dong Nai’s industrial zones.

With this event, the zone has so far this year attracted 21 Japanese investors, he said, adding that most FDI projects here were poured into the support industry.

Dong Nai has to date lured 174 projects from Japan with a total registered capital of over 3.2 billion USD, ranking third among 39 countries and territories investing in the province.

According to Director of the provincial Department of Planning and Investment Bo Ngoc Thu, since the beginning of this year, the province has attracted nearly 1.2 billion USD in foreign direct investment (FDI), exceeding its set target of 700-900 million USD.

Of the total, 420.6 million USD was poured into 59 new projects, while the remaining was added to 58 existing ones.

In the reviewed period, the province revoked investment licenses of eight projects worth over 86.15 million USD due to their slow progress.

Since it began attracting foreign investment, Dong Nai has licensed a total of 1,449 FDI projects with a total investment of 25.52 billion USD, of which 1,124 projects worth 21.07 billion USD are valid.-VNA