Southeast region sees strong flow of foreign investments

The first seven months of 2015 marked a significant flow of foreign investments to the Southeast region, Sai Gon Giai Phong newspaper reported.

Accordingly, Dong Nai province is leading the region, recording 57 new foreign direct investment (FDI) projects with a total registered capital of close to US$1.2 billion. 

Binh Duong province reeled in approximately US$1.1 billion in FDI, exceeding its target for that period. The province attracted 74 new FDI projects in its industrial parks, which are valued at more than US$657 million. Out of the existing projects, 55 increased their capital, bringing in an additional US$287 million. 

The majority of FDI projects in the Southeast region is concentrated in the support industries, garment and textiles, footwear and electronics. 

Among the investors, NPC Toda Co. Ltd invested US$30 million in Binh Duong-based Vietnam-Singapore industrial park to produce 16,889 tonnes of plastic per year. 

Nippon Chemiphar Co. Ltd, a Japan-Vietnam joint venture, supplied US$25 million for the construction of a production plant with an annual capacity of 550 million electronic tablets.