Dong Nai has received over $800 million in FDI in 2024

May 17, 2024 | 20:45

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Dong Nai has attracted $832 million in foreign direct investment (FDI) since the beginning of 2024 as of May 16, equal to 119 per cent of the year's target.

Dong Nai has received over $800 million in FDI in 2024

The sum is accumulated from 40 new foreign-invested projects and 39 existing projects that are adjusting capital for expansion purposese, according to Dong Nai Industrial Zones Management Authority (DIZA).

According to Nguyen Tri Phuong, director of DIZA, most of the projects are in semiconductors, electronic components, and mechanical engineering, with no projects being deemed environmentally unfriendly.

Most of the newly granted projects utilise advanced technology, like the Silicon Carbide Vietnam and Advanced Optics projects by the US' Coherent Corporation, worth $83 million. The projects specialise in manufacturing instruments used in high-tech electronics.

Singapore was the largest investor in Dong Nai in the first five months of this year, with investments across nine projects worth $231.7 million, accounting for almost 45 per cent of the FDI total.

Dong Nai industrial zones also took in nearly VND2 trillion ($78.5 million) in domestic capital, fulfilling a little over the entire year's target in just five months.

Nestlé makes another $100 million investment into Nestlé Tri An in Dong Nai

On January 9, Nestlé Vietnam announced an additional investment of $100 million into the Nestlé Tri An factory in the southern province of Dong Nai, raising the total investment capital of the factory to $500 million.

Dong Nai meets with foreign-invested enterprises

Foreign invested enterprises on March 28 met with Dong Nai People’s Committee to address their complexities when processing projects and to seek further support to push projects ahead.

Dong Nai woos Japanese investors

More than 100 Japanese investors, with 200 more Vietnamese and Japanese attending online, participated in a conference to promote investment in the southern province of Dong Nai held in Tokyo on April 24.

By Thanh Van

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