Business

Dong Nai works to create breakthrough in FDI attraction

The southern province of Dong Nai is completing its transport infrastructure and boosting administrative reform to improve local business climate as a measure to luring more foreign investors.
Dong Nai works to create breakthrough in FDI attraction ảnh 1Illustrative image (Photo: VNA)
Dong Nai (VNA) – The southern province of DongNai is completing its transport infrastructure and boosting administrativereform to improve local business climate as a measure to luring more foreigninvestors.

Currently, a series of key transport projects are underwayin the locality, including the Long Thanh international airport, and the DauGiay – Phan Thiet and Ben Luc – Long Thanh highways.

According to Ho Van Ha, Director of the provincial Planningand Investment, the province houses 35 industrial parks (IPs), of which 32 havebeen put into operation with occupation rate reaching 78.5 percent.

Dong Nai is home to 1,804 foreign-invested projects worthnearly 33 billion USD from 45 countries and territories, with the Republic ofKorea, Taiwan (China) and Japan the top investors.

Ha said Dong Nai prioritises high-tech and environmentallyfriendly projects, while rejecting labour-intensive and low-tech ones.

The inflow of foreign direct investment (FDI) to Dong Naitopped 1.14 billion USD in the first seven months, or 114 percent of the 2019target.

Statistics from the provincial management board of IPsshowed a high FDI disbursement rate during the period at 107 percent, with 800 millionUSD disbursed.

The total FDI attraction and disbursement are projected tohit 2 billion USD and 1.5 billion USD for the entire year, respectively.-VNA
VNA
#southern province of Dong Nai #Vietnamplus #Vietnam News Agency #Long Thanh international airport #administrative reform #foreign direct investment Dong Nai
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