Dong Nai: FDI disbursement hits record high
The disbursement of foreign direct investment (FDI) in the southern province of Dong Nai hit a record high of US$1.6 billion in 2018, accounting for 86.4% of total foreign attraction in the year.
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According to Vice Director of the provincial Department of Planning and Investment Nguyen Huu Nguyen, the local disbursement figure is much higher than those recorded in other cities and provinces nationwide.
Of the total US$28 billion in FDI accumulated in Dong Nai province so far, US$20.5 billion has been disbursed.
Regarding policies to attract further foreign investment in 2019, Deputy Head of the Dong Nai Industrial Zones Authority Mai Van Nhon said that the province will reject any project that is likely to cause environmental pollution or uses out-of-date technology, instead prioritising clean, green investments.
Before granting investment licences, local authorities will consider the projects’ production value, labour productivity, and disbursement rate, among others, he added.
The Department of Planning and Investment said that the province is now home to 1,861 FDI projects with a total registered capital of US$33.63 billion. Among them, 1,379 projects worth some US$28 billion are operational, while the other 482 have had their licences withdrawn.
Most of the province’s projects have been run by investors from the Republic of Korea, Japan, and China.
The FDI capital was injected into the supporting industries in the fields of electronics; garment, textiles, and footwear; and the manufacturing of machinery products.
