Dong Nai draws over 456 million USD in FDI

April 24, 2018 | 13:49

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The southern province of Dong Nai has granted investment licences to 56 foreign direct investment (FDI) projects worth 456.6 million USD, fulfilling 45.6 percent of the yearly target.

Dong Nai draws over 456 million USD in FDI (Photo: VNA)

Half of the projects are newly invested with total capital of 151.5 million USD while the remaining are allowed to increase capital by 304.9 million USD, according to the provincial Department of Planning and Investment, saying most of them apply advanced technologies friendly to the environment.

Notable projects include the manufacturing of electronic spare parts with total registered investment of 25 million USD from Japan, the Singapore-invested project specialising in pharmaceutical production worth 47.7 million USD, the Netherlands’ Bosch Gasoline Systems – HCP project worth over 71 million USD manufacturing mechanical equipment, and the 47 million USD processing and manufacturing project invested by Japan.

Most of FDI projects in Dong Nai are from the Republic of Korea, China’s Taiwan, Japan, China, Singapore and Germany.

So far, Dong Nai has counted 1,778 FDI projects with combined investment capital of 32.3 billion USD, including 1,309 valid projects worth 27.2 billion USD. The province attracted investors from 45 countries and territories with the Republic of Korea, China’s Taiwan and Japan topping the list.

VNA

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