Business

Dong Nai speeds up FDI disbursement

The southern province of Dong Nai lured more than 980 million USD in 120 foreign direct investment (FDI) projects in the first seven months of 2018, equivalent to 98 percent of its annual plan.
Dong Nai speeds up FDI disbursement ảnh 1Illustrative photo (Photo: VNA)

Dong Nai (VNA) – The southern province of Dong Nai lured morethan 980 million USD in 120 foreign direct investment (FDI) projects in thefirst seven months of 2018, equivalent to 98 percent of its annual plan.

However, FDI disbursement reached only 20 percent of the yearlyestimate.

Disbursement of major projects registered in 2017 was completed.Meanwhile, that of projects which were newly-approved or registered additionalcapital in early of this year remains slow.

The provincial Department of Planning and Investment and the ManagementBoards of Dong Nai Industrial Parks are tasked with the review and supervisionof project implementation and disbursement.

Statistics released by the management board showed that in the period, theprovince collected 397 million USD of tax and other sources from FDI firms,recording a year-on-year rise by 80 million USD.

According to the provincial Department of Planning and Investment, as of July 18, the provincerecorded 1,820 FDI projects worth 32.8 billion USD, 1,339 of which were validwith a total capital of 27.73 billion USD.

The foreign investors were from 45 countries and territories worldwide,with the RoK, Taiwan, and Japan taking the lead. -VNA
VNA
#Dong Nai #FDI disbursement #Dong Nai Industrial Parks #management board #FDI projects #Department of Planning and Investment #additional capital #Vietnam #VietnamPlus #Viet Nam News Dong Nai
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