Southern province fulfills 96 percent of FDI attraction goal

Despite complicated developments in the first months of 2014, the southern province of Dong Nai attracted nearly 825.9 million USD in foreign direct investment (FDI) as of June 15, reaching 96 percent of its yearly target.

Of the sum, about 343.9 million USD came from 37 new projects and the remaining was added to 32 existing projects, said the provincial Department of Planning and Investment.

Notably, 560 million USD of FDI was disbursed during the period, up 12 percent from a year earlier and accounting for 56 percent of the annual target.

By June 15, there were 1,433 licensed foreign invested projects in Dong Nai with a total capital of over 25.2 billion USD. Up to 1,115 of them, worth 20.8 billion USD, are valid.

Director of the department Bo Ngoc Thu said that to achieve such outcomes, local authorities have carried out a number of measures to attract investment and support businesses.

Particularly, they have provided timely assistance to those suffering from disturbances which erupted during workers’ rallies protesting China ’s illegal placement of its oil rig Haiyang Shiyou – 981 in Vietnam ’s continental shelf and exclusive economic zone.

Currently, all affected enterprises have resumed their normal operation, she noted./