The southern province of Dong Nai attracted 588.2 million USD of foreign direct investment (FDI) in the first five months of 2014, jumping by 40 percent from 425.1 million USD a year earlier, according to the provincial Department of Planning and Investment.

The new figure, including some 248 million USD from 28 newly licensed projects, fulfilled 70 percent of this year’s FDI target of 700-900 million USD.

Mai Van Nhon, deputy head of the management board of Dong Nai industrial parks, said to achieve its ambitious target, the province is setting up a delegation to promote investment in the US.

They plan to work with the US-based WALMART group to call for its investment in the retail chain and supermarkets in Dong Nai.

They will also take this chance to encourage more money to be poured into material production, thus creating a supply chain for local garment and footwear manufacturing.-VNA