Business

Dong Nai’s FDI tops yearly target

The southern province of Dong Nai reeled in 982 million USD in foreign direct investment (FDI) in January-April, surpassing its original 900 million USD target for this year.
The southern province of Dong Nai reeled in 982 million USD inforeign direct investment (FDI) in January-April, surpassing itsoriginal 900 million USD target for this year.

Of50 foreign-invested projects during the period, 28 are new businessesand the remainder have registered additional capital, mostly in thesupport industry, high technology, services and farming based inindustrial parks, said Director of the provincial Department of Planningand Investment Bo Ngoc Thu.

The success is a result of much simplified administrative procedures, including the new “one-stop shop” mechanism.

As well as improving the business climate, Dong Nai has ramped upinfrastructure in urban and industrial areas, including the NationalHighway 1, the Ho Chi Minh City – Long Thanh – Dau Giay expressway, andwastewater treatment plants in all industrial parks.

The province is home to a pool of qualified workers and transportfacilities convenient for trade with southern metropolis Ho Chi MinhCity.

Local authorities have been holding regular meetings with the business community to deal with any arising problems.-VNA
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