The southern province of Dong Nai reported a record foreign direct investment of 1.6 billion USD in 2014, doubling its yearly target.

The new investments came from 75 new projects and 84 expanded ones. The projects are mainly involved in the supporting industry, goods production and machinery manufacturing.

Director of the province’s Department of Investment and Planning Bo Ngoc Thu attributed the increase in FDI attraction to the province’s efforts in administrative procedure reforms, especially in the fields of investment, taxation, and customs, increasing businesses’ satisfaction.

The province will continue accelerating the administrative reforms by introducing online procedures in the coming time, she added.

Dong Nai now has 1,131 valid foreign projects with a total investment of nearly 21.49 billion USD.

The province is home to 31 industrial zones covering nearly 9,560ha, with the land occupancy rate of 66.77 percent, according to the managing board of the Dong Nai industrial zones.-VNA