Dong Nai enjoys surge in domestic investment

The southern province of Dong Nai has attracted over VND7.64 trillion (US$343.8 million) from domestic investors so far this year, a 42% rise over the same period last year, reported the provincial Department of Planning and Investment.

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Of the total, VND7.3 trillion was poured into 20 new projects, mostly in real estate and water supply, while VND330 billion was injected into three underway projects. 

So far, the province, which is located in the southern key economic region and is home to 36 industrial parks covering an area of over 12,057 hectares, has licenced 660 domestic-invested projects with a total investment of VND183 trillion (US$8.3 billion). 

Cao Tien Dung, head of the department, attributed the success to the locality’s favourable location and convenient transportation, together with attractive and transparent investment attraction policies. 

The province has also sped up administrative reform, shortening document processing duration, he said, adding that it has organised regular meetings with businesses to tackle obstacles they are facing. 

Meanwhile, from early this year, the province has also withdrawn licences from 4 domestic projects worth about VND1.7 trillion (US$77.2 million) for sluggish implementation.


VNA

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