57 FDI projects land in Dong Nai province

12:40 | 04/08/2015 Investment

The southern province of Dong Nai attracted 57 foreign direct investment (FDI) projects with registered capital of over 1.1 billion USD in the first seven months of this year, said the provincial Department of Planning and Investment.

57 FDI projects land in Dong Nai province

Southern Dong Nai province attracts 57 FDI projects worth over 1.1 billion USD in January-July (Photo: VNA)

Among the projects, 54 were in industrial zones and three others were invested outside the zones.

There were also 47 FDI projects requesting for additional capital worth a combined 139.96 million USD.

Hyosung Corporation, a conglomerate from the Republic of Korea (RoK), owns the largest new project with 660 million USD invested in a textile-garment plant in Nhon Trach district. Thai Amata Corporation followed Hyosung with a 282-million USD project in Long Thanh hi-tech park.

A number of enterprises from the United Arab Emirates, Singapore, Taiwan (China) and the US have come to the province to study the local policies and potential sectors for investment.

According to the provincial department, by the end of July the province was home to 1,153 projects worth over 22.7 billion USD invested by 43 countries and territories worldwide.

Taiwan is currently the biggest investor in the locality with 278 projects valued at nearly 4.9 billion USD, followed by the RoK with projects worth 4.7 billion USD, Japan with 3.5 billion USD, Singapore with 2 billion USD and the British Virgin Islands with 1.2 billion USD.

Industrial parks in the province currently house some 843 FDI projects, which raked in a combined 6.75 billion USD in revenue in the first two quarters of the year, rising nearly 9 percent against the same period in 2014. Of the total, export vale reached 3.8 billion USD (up 293 million USD) while domestic sales stood at 2.95 billion USD (up 246 million USD)./.

Source: VNA

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