The southern province of Dong Nai attracted 786.76 million USD in foreign direct investment (FDI) as of August 15, fulfilling 78 percent of the yearly target, according to the provincial Planning and Investment Department.

From the beginning of the year, the province licensed 50 new projects with total registered capital of over 364.3 million USD, while 46 existing projects were allowed to add a combined 422.8 million USD to their investment.

Worthy of note, labour-intensive projects have been gradually replaced by those using high-technology with less human power and fewer impacts on the environment, as a result of a shift in the province’s investment attraction policy.

Dong Nai has also paid attention to creating a healthy and transparent business environment, accelerating administrative procedure reform and providing more business support activities to attract investors.

To achieve this year’s target of 1 billion USD in FDI, the province will continue improving human resource quality and upgrading infrastructure and services serving workers and investors, according to the department.

By July 20, Dong Nai was home to 1,045 valid FDI projects worth about 19.25 billion USD with investors from 35 countries and territories, of whom Taiwan, the Republic of Korea and Japan being the largest ones.-VNA