Dong Nai attracts US$483 million in FDI so far
The southern province of Dong Nai has attracted nearly 483 million USD in foreign direct investment (FDI) so far this year, funding 26 new and 38 existing projects, according to the provincial Department of Planning and Investment.
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Notably, Pou Phong Vietnam Ltd. invested in a US$55 million project, while Powerknit Vietnam Ltd. launched a US$60 million project, both coming from the British Virgin Islands. Long Thai Tu fabric company from the Republic of Korea added more than US$50 million to its ongoing project in the province.
The Department said that all the projects are in high technology and the supporting industry, using few labourers and causing no environmental damage.Dong Nai is now home to 1,692 projects with total investment of US$30.78 billion, including 1,275 valid projects worth US$25.94 billion.
The FDI projects’ investors are from 45 countries and territories, mostly the Republic of Korea, Taiwan (China) and Japan.Meanwhile, 15 domestic-funded projects have been licenced so far this year with total investment of VND6.92 trillion (US$3.04 billion). At the same time, VND604 billion (US$28.2 million) was injected into five underway projects.