Dong Nai: 10-month FDI surpasses 60 percent of yearly target
The southern province of Dong Nai has drawn approximately 1.6 billion USD in foreign direct investment (FDI) as of October 23, 60 percent higher than the goal of only 1 billion USD this year.
Dong Nai (VNA) – The southern province ofDong Nai has drawn approximately 1.6 billion USD in foreign direct investment(FDI) as of October 23, 60 percent higher than the goal of 1 billion USD this year.
According to the provincial Department of Planning and Investment, theprovince has licensed 101 new FDI projects, worth a total 804 million USD,since the beginning of 2018 while 87 others have received additional funding of 790 million USD.
Among the newly-licensed are a 60-million-USD project by Singapore-basedKCC Vietnam Co., Ltd and a 45-million-USD project by Samyang Vietnam Co., Ltdfrom the Republic of Korea at Nhon Trach 6 Industrial Park, and a 40-million-USDfabric manufacturing project by Hi Knit Co., Ltd from the RoK at Nhon Trach 6AIndustrial Park.
Those with extra investment include the Bosch Gasoline Systems – HCP factory of the Netherlands atLong Thanh Industrial Park, the tyre factory by Japanese-based Kenda RubberIndustrial Co., Ltd at Giang Dien Industrial Park and the pharmaceuticalproject by OPV Pharmaceutical JSC from Singapore at Bien Hoa II Industrial Park,which got an additional 71 million USD, 56 million USD and 47.7 million USD, respectively.
Most of the projects are in supportingindustries that are environmentally friendly with high technology.
Dong Naihas so far licensed 1,853 FDI projects with total registered investment of 33.4billion USD, of which, 1,371 projects worth 28.3 billion USD are operationalwhile the others had their licences withdrawn.
Toppingthe list of investors are those from the Republic of Korea, Taiwan (China) andJapan.
In 2017,the province attracted more than 1.3 billion USD in FDI, with the Republic ofKorea the largest foreign investor. In recent years, it has prioritised environmentallyfriendly projects using high-technology and skilled labourers. –VNA
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Illustrative image. (Photo: VNA)
