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Dong Nai attracts over 925 mln USD from FDI projects

The southern province of Dong Nai attracted over 925 million USD in foreign direct investment (FDI) capital from January 1, 2015 to April 15, 2015.
The southern province of Dong Nai attracted over 925 million USD inforeign direct investment (FDI) capital from January 1, 2015 to April15, 2015.

The figure generated during thethree and a half months surpassed the annual target by 25 million USD,said the provincial Department of Planning and Investment.

Of the amount, 791 million USD was poured into 28 new projects and 134.77 million USD went into 22 existing projects.

Accordingto the industrial park (IP) Management Board, the Republic of Korea’s(RoK) Hyosung Dong Nai Limited Company posted the largest investmentcapital with over 600 million USD.

Investors have primarilyemployed green and environmentally-friendly technologies in accordancewith the province’s long-term plans.

To date, the province haslicensed 1,479 FDI projects with total investment capital of 27.03billion USD, 1,127 of which are operating with total capital of 22.54billion USD.

Director of the provincial Department of Planningand Investment Bo Ngoc Thu said the substantial amount of FDI during thefirst half of 2015 is attributable to an improved investment climateand reformed administrative procedures, facilitating operations andattracting investors.

With this positive outcomes, Dong Nai expects to attract over one billion USD in FDI capital in 2015.-VNA

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