Dong Nai speeds up FDI disbursement

The southern province of Dong Nai lured more than US$980 million in 120 foreign direct investment (FDI) projects in the first seven months of 2018, equivalent to 98% of its annual plan.

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Illustrative photo (Photo: VNA)
However, FDI disbursement reached only 20% of the yearly estimate. 

Disbursement of major projects registered in 2017 was completed. Meanwhile, that of projects which were newly-approved or registered additional capital in early of this year remains slow.

The provincial Department of Planning and Investment and the Management Boards of Dong Nai Industrial Parks are tasked with the review and supervision of project implementation and disbursement.

Statistics released by the management board showed that in the period, the province collected US$397 million of tax and other sources from FDI firms, recording a year-on-year rise by US$80 million.

According to the provincial Department of Planning and Investment, 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.