Dong Nai’s FDI attraction surpasses yearly target

The southern province of Dong Nai has so far this year attracted over US$1.14 billion in foreign direct investment (FDI), surpassing its yearly target by 14%, the province’s industrial zones management board said on August 13.

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Since the beginning of the year, 73 FDI projects have been licensed in local industrial zones, with a total investment capital of US$551.8 million. Meanwhile, 64 other projects have registered additional capital of US$595 million.

Most FDI projects in Dong Nai province are in support and clean industries.

Also in the period, the province licensed eight domestic projects worth VND1.13 trillion and allowed one project to add VND266 billion to its capital.

According to the provincial People’s Committee, foreign investors continued to choose Dong Nai as their destination thanks to the locality’s efforts in administrative reform and its improved infrastructure.

As part of the southern key economic region, Dong Nai set a target of luring US$1 billion in FDI this year.

VNA

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