Disbursement of foreign direct investment (FDI) this year in the southern province of Dong Nai has reached 1 billion USD, meeting the target set for the whole year.
DongNai (VNA) - Disbursementof foreign direct investment (FDI) this year in the southern province of DongNai has reached 1 billion USD, meeting the target set for the whole year.
However, according to the provincial Departmentof Planning and Investment, the figure represents only 80 percent of theprevious year’s amount, which exceeded 1.2 billion USD.
Deputy Director of the department Phan Minh Thanhsaid the province has lured nearly 1.9 billion USD in 2016 and disbursed overhalf of the total registered capital.
The majority of disbursed FDI capital comes fromprojects invested by Japan, Taiwan (China), the Republic of Korea and focuseson the manufacturing, processing and electronic industries, Thanh added.
This year’s FDI disbursement was lower than 2015because many new projects have their registered capital ranging between 50 –100 million USD. They are developing infrastructure, recruiting workers and allocatingcapital, therefore, their disbursement hasn’t been completed.
Besides, Asian investors from the RoK and Japan oftendisburse after the traditional Tet (Lunar New Year) holidays, according toThanh.
Over the past years, Dong Nai has reviewed itsFDI projects to ensure effective implementation.
In the coming years, more FDI enterprises willcome into operation and recruit more labourers, particularly technicians, Thanhsaid.
Dong Nai has lured a large number of FDI projectspartly thanks to its position in the southern key economic region andconvenient transport network.-VNA
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Illustrative image (Photo: VNA) 
