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Dong Nai attracts nearly 1.3 billion USD in FDI in nine months

Nearly 1.3 billion USD in foreign direct investment (FDI) landed in the southern province of Dong Nai in the first nine months of 2018, 30 percent surpassing the yearly target, according to the provincial Department of Planning and Investment.
Dong Nai attracts nearly 1.3 billion USD in FDI in nine months ảnh 1Illustrative image (Source: VNA)
Dong Nai (VNA) – Nearly 1.3 billion USD inforeign direct investment (FDI) landed in the southern province of Dong Nai inthe first nine months of 2018, 30 percent surpassing the yearly target,according to the provincial Department of Planning and Investment.

From January to September, Dong Nai licensed 81 new FDIprojects worth 605 million USD and allowed 77 others to add extra 694 millionUSD.

Most of the new projects are in supporting industriesthat are environmentally friendly with high technology.

Most notable among them are the 60-million-USD project bySingapore-based KCC Vietnam Co., Ltd at Nhon Trach 6 Industrial Park (IP), the40-million-USD fabric manufacturing project by HI KNIT Co., Ltd from theRepublic of Korea at Nhon Trach 6A IP, and the 33-million-USD footwear projectby Air Manufacturing Innovation Vietnam from the Netherlands at Giang Dien IP.

Those with additional investments included Bosch GasolineSystems – HCP factory from the Netherlands at Long Thanh IP, the tyre factoryby Taiwan-based Kenda Rubber Industrial Co., Ltd at Giang Dien IP and thepharmaceutical project by OPV Pharmaceutical JSC from Singapore at Bien Hoa IIIP which got additional 71 million USD, 56 million USD and 47.7 million USD,respectively.

The province is so far home to 1,833 FDI projects with atotal registered investment of 33.1 billion USD. Of them, 1,354 projects worth28.05 billion USD are operational while 479 others have had their licenseswithdrawn.

Most of the projects are run by investors from theRepublic of Korea, Taiwan (China) and Japan.

In 2017, Dong Nai attracted over 1.3 billion USD in FDIwith the Republic of Korea being the largest foreign investors. In recentyears, it has given priority to the projects using hi-tech, skilled labourersand environment-friendly. –VNA 
VNA
#southern province of Dong Nai #foreign direct investment #FDI #Nhon Trach 6 Industrial Park #provincial Department of Planning and Investment Dong Nai

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