Dong Nai’s FDI exceeds target by 600 million USD

By mid-November, the southern province of Dong Nai recorded total foreign direct investments (FDI) of 1.5 billion USD, surpassing the annual target for 2014 by 600 million USD, according to Bo Ngoc Thu, Director of the provincial Department of Planning and Investment.
By mid-November, the southern province of Dong Nai recorded totalforeign direct investments (FDI) of 1.5 billion USD, surpassing theannual target for 2014 by 600 million USD, according to Bo Ngoc Thu,Director of the provincial Department of Planning and Investment.

Thisyear, 73 new FDI projects were registered, valued at 587 million USD,while over 977 million USD were added to the capital of 75 existingprojects. Most of the projects are in the high-tech and support industrysectors.

Dong Nai has so far revoked the licences of 11 projects, worth nearly 95.5 million USD.

DirectorThu said the results were attributable to the province’s soundinvestment climate, effective long-term promotion programmes andimproved administrative procedures.

The volume of foreign-fundedinvestment is expected to hit 1.6 billion USD by the end of 2014, ayear-on-year increase of 23 percent.

The southern provinces ofDong Nai and Binh Duong, together with Ho Chi Minh City, are amongst themost attractive FDI destinations in Vietnam.-VNA

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