The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018 (Illustrative photo: VNA)
 
Dong Nai (VNA) – The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018.

According to the local management board of industrial parks, of the total, there were 22 new projects, with combined registered capital exceeding 106 million USD. They included projects invested by August Sport Ltd at 15 million USD and by Great Kingdom Nhon Trach 2 Ltd at 10 million USD.

The remaining 16 projects, which had already operated, saw over 268 million USD added to their existing capital. They included the Dutch-funded Bosch Gasoline Systems – HPC plant in the Long Thanh industrial park (over 71 million USD) and a project by the Singaporean-funded OPC pharmacy company in the Bien Hoa II industrial park (47.7 million USD).

The foreign capital poured into Dong Nai in the first quarter met 37.4 percent of the 1-billion-USD target the locality set for 2018.

[Dong Nai draws almost 156 million USD in FDI in Jan-Feb]

The provincial Department of Planning and Investment said the new FDI projects are in line with Dong Nai’s policy on prioritising high-tech and environmentally friendly projects.

To date, Dong Nai houses 1,307 valid FDI projects valued at 27.2 billion USD, invested by businesses from 45 countries and territories across the world, led by those from the Republic of Korea, Taiwan (China), and Japan.-VNA