Dong Nai attracts US$3.42 bln from ASEAN countries

ASEAN countries have so far poured over US$3.42 billion into 129 projects in the southern province of Dong Nai, according to Bo Ngoc Thu, Director of the provincial Department of Planning and Investment.

Singapore is the biggest ASEAN investor in the province with nearly US$2 billion in 49 projects, followed by Thailand with US$751 million in 34 projects and Malaysia with over US$607 million in 31 projects.

Investments from Singapore include the urban area Water Front project with a total registered capital of US$750 million and a project worth US$400 million investing in real estate.

Meanwhile, the Thai-invested Amata Vietnam JSC, following the success of its first industrial park project in the province, has decided to pour US$282 million into the Long Thanh Hi-tech Industrial Park, said General Director Somhatai Panichewa.

According to the provincial Department of Planning and Investment, ASEAN investors have flocked to the province in recent years to grab investment opportunities to be created by the ASEAN Economic Community which will be established by the end of this year.

They have chosen Dong Nai as the province with the greatest potential to develop industry and service.

The KinderWorld Education Group from Singapore is also planning to invest in a school project worth US$100 million.

From the outset of this year, Dong Nai licensed 57 new foreign direct investment projects with registered capital of about US$1.1 billion. The province is currently home to a total of 1,506 projects worth US$27.2 billion.
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