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)According to the provincial IPs management board, 485 million USD were added to 53 existing projects and the remainder, for new projects. Most of the licenced projects are in the field of support industries, using modern assembly lines and not labour intensive.
Projects posting large investment included the 100 million USD Hansol Electronics project at the Ho Nai IP, the 60 million USD plant of the Ojitex company at the Loc An – Binh Son IP, and an over 130 million USD coffee project by Nestle Vietnam at the Amata IP.
Le Van Danh, deputy head of the board, said the total FDI attracted in the period was 15 percent higher year on year.
Illustrative photo (Source: VNA)Danh attributed the increase in FDI to the local administration's reform that has simplified procedures and employed digital transaction methods.
The province is home to 32 operating IPs. To date, it has recorded close to 1,400 valid FDI projects whose value tops 27 billion USD, from 41 nations and territories./.
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