Dong Nai attracts nearly US$980 mln in FDI over seven months

The southern province of Dong Nai attracted nearly US$980 million of foreign investment so far this year, equal to 97% of its target for the whole year, according to the provincial Department of Planning and Investment.

dong nai attracts nearly us$980 mln in fdi over seven months hinh 0
Illustrative image (Source: VNA)
Of the 120 foreign-invested projects, 66 were licensed with a combined capital of US$474 million while 54 others registered additional capital of US$504 million. 

The provincial management board for industrial zones said the new FDI projects over the first seven months were mostly in the industrial parks of Nhon Trach, with 18 projects worth US$85 million; Giang Dien, with four projects worth US$60.5 million; Loc An-Binh Son, with eight projects valued at US$79.4 million; and Long Duc, with four projects worth US$64.2 million.

The majority of the newly-licensed projects are in high-tech and support industries and make use of eco-friendly technologies. Of them, 32 projects are in the support industry for mechanical engineering and electronics, accounting for around 60% of the total. Others are in the fields of chemicals, plastic manufacturing, and real estate. 

Outstanding names include the Republic of Korea’s (RoK) Hi Knit Ltd, the Netherlands-based Air Manufacturing Innovation Vietnam Ltd, Japanese-Cantonese joint-venture Long Duc Wonderful Sun-S Electronics, Japan’s Kolmar Vietnam Ltd, Singapore’s Logistics Property Vietnam Ltd, and Japan’s Vietnam Nisshin Technomic Ltd. 

According to the department,  as of July 18, the province recorded 1,820 FDI projects worth US$32.8 billion, 1,339 of which were valid with a total capital of US$27.73 billion. 

The foreign investors were from 45 countries and territories worldwide, with the RoK, Taiwan, and Japan taking the lead.

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