Dong Nai’s six-month FDI attraction surpasses yearly target

So far this year, industrial parks (IPs) in the southern province of Dong Nai hav attracted close to 80 foreign direct investment (FDI) projects totally worth some 715 million USD, exceeding its target of 700 million USD for the entire year.

Illustrative photo (Source: VNA)

Dong Nai (VNA) – So far this year, industrial parks (IPs) in the southern province of Dong Nai have attractedclose to 80 foreign direct investment (FDI) projects totally worth some 715 millionUSD, exceeding its target of 700 million USD for the entire year.

According to the provincial IPs management board, 485million USD were added to 53 existing projects and the remainder, for new projects. Most of the licenced projects are in the field ofsupport industries, using modern assembly lines and not labour intensive.

Projects posting large investment included the 100 millionUSD Hansol Electronics project at the Ho Nai IP, the 60 million USD plant of the Ojitexcompany at the Loc An – Binh Son IP, and an over 130 million USD coffee projectby Nestle Vietnam at the Amata IP.

Le Van Danh, deputy head of the board, said the total FDIattracted in the period was 15 percent higher year on year.

Illustrative photo (Source: VNA)

Dong Nai is seeing chances of obtaining more than 1 billionUSD worth of foreign capital this year, equaling its pre-pandemic average level.

Danh attributed the increase in FDI to thelocal administration's reform that has simplified procedures and employeddigital transaction methods.

The province is home to 32 operating IPs. To date, it hasrecorded close to 1,400 valid FDI projects whose value tops 27 billionUSD, from 41 nations and territories./.

VNA