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Dong Nai draws nearly 690 million USD in foreign investment

The southern province of Dong Nai absorbed nearly 690 million USD in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143 percent against the same period last year and fulfilling nearly 70 percent of the annual target.
Dong Nai draws nearly 690 million USD in foreign investment ảnh 1Workers at a garment-textile firm in the southern province of Dong Nai (Photo: VNA)

Dong Nai (VNA) – The southern province of Dong Nai absorbed nearly 690million USD in 76 newly-licensed and existing foreign-invested projects thisyear to May 17, up 143 percent against the same period last year and fulfillingnearly 70 percent of the annual target.

Of the amount, over 346 million USD was poured into 42 new FDI projects and over343 million USD into 34 existing ones, according to the provincial Departmentof Planning and Investment.

In May alone, Dong Nai attracted several new major projects such as the40-million-USD project of the Republic of Korea’s HI-KNIT Company at Nhon Trach6A industrial park; the 33-million-USD project of the Netherlands’ AirManufacturing Innovation Vietnam at Giang Dien industrial park, the32-million-USD project of Singapore’s Logistic Property Vietnam at Loc An –Binh Son industrial park, and the 29.8-million-USD project of Japan’s KolmarVietnam at Long Duc industrial park.

Some projects with big amounts of additional capital included the Netherlands’Bosh Gasoline Systems – HCP plant at Long Thanh industrial park with anaddition of over 71 million USD, Singapore’s OPV Pharmaceutical Joint StockCompany at Bien Hoa 2 industrial park with over 47.7 million USD, Japan’s SMCManufacturing Vietnam at Long Duc industrial park with 47 million USD andBelgium’s Terumo BCT Vietnam at Long Duc industrial park with 30 million USD.

According to the provincial Department of Planning and Investment, the localityprioritises projects applying advanced and environmentally friendly technologyand requiring skilled labour as well as those in the supporting industry.

So far, Dong Nai has attracted 1,792 FDI projects with total registered capitalof 32.5 billion USD, of which 1,323 worth 27.46 billion USD are still valid.

The projects come from 45 countries and territories with the Republic of Korea,China’s Taiwan and Japan being the biggest investors.

Overseas investors are interested in the fields of industry, logistics, energyand technical infrastructure.

Vice Chairman of the provincial People’s Committee Tran Van Vinh said localauthorities will push ahead with administrative reforms to reduce time andexpenses for businesses.

The committee and relevant units such as customs, taxation, planning andinvestment will maintain periodical dialogues with enterprises to listen totheir problems and discuss joint measures to improve operational efficiency, headded.-VNA
VNA
#southern province of Dong Nai #newly-licensed #foreign-invested projects #FDI #Department of Planning and Investment #Republic of Korea #Netherlands #Singapore #Japan #industrial parks #Vietnamplus #Vietnam News Agency Dong Nai

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