Dong Nai’s nine-month FDI exceeds yearly target

Illustrative image (Photo: VNA)

The southern province of Dong Nai attracted an estimated 1.83 billion USD in foreign direct investment (FDI) in the first nine months of 2015, up 54 percent against the same period last year and surpassing the yearly target by 83 percent.

According to the provincial Department of Planning and Investment, there were 78 new projects with a total registered capital of 1.35 billion USD while 483 million USD was added to 77 existing projects in the period. The projects were mainly being carried out at industrial zones by Asian firms.

The locality has so far attracted a combined 1,535 projects worth approximately 28 billion USD.

Many enterprises from the US, India, Taiwan (China), the Republic of Korea, Japan, Thailand and Singapore have visited Dong Nai to study its infrastructure, policies and mechanisms serving their investment plans.

Vice Chair of the Chamber of Commerce and Industry of Japan’s Nagoya prefecture Hiroyasu Naito said that Dong Nai is one of the provinces attracting Japanese investments thanks to its convenient transport and simple administrative procedures.

Mai Van Nhon, Deputy Head of the province’s industrial zone management board, said most FDI projects in the province have produced positive results.

From January-September, foreign-invested businesses in the locality earned 12.9 billion USD in total revenues, a year-on-year rise of 7.5 percent, and contributed around 445 million USD in taxes to the State budget, up 3.5 percent.-VNA