Dong Nai: Foreign investments land in support industry
The southern province of Dong Nai has so far this year attracted 33 new foreign direct investment (FDI) projects, with nearly half of them poured into support industries such as mechanical engineering and garment.
This shows that the province’s policies to lure investments in support industries over the past years have proven effective, said Chau Anh Huy from the Dong Nai Industrial Zones Authority.
Foreign businesses will apply advanced technology to carry out the 15 support industry projects, helping promote domestic production and ease the imports of spare parts.
Foreign businesses will apply advanced technology to carry out the 15 support industry projects, helping promote domestic production and ease the imports of spare parts.
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Huy said that the province eyes to draw US$1 billion in FDI in 2016, nearly three fifths of which was realised in the first quarter of the year.
Over US$240 million was injected into the 33 newly-licensed projects while nearly US$340 million was added to 28 existing projects.
Dong Nai is home to 1,200 valid FDI projects worth more than 24 billion USD. Major investors in the province include Taiwan (China), Japan and the Republic of Korea.
