Dong Nai attracts 483 million USD in FDI so far

15:13 | 25/05/2017 Investment

The southern province of Dong Nai has attracted nearly 483 million USD in foreign direct investment (FDI) so far this year, funding 26 new and 38 existing projects, according to the provincial Department of Planning and Investment.

Illustrative image (Source: VNA)

The FDI mostly came from Asian countries, including the Republic of Korea, Japan and Singapore. Some projects came from the British Virgin Islands and Germany.

Notably, Pou Phong Vietnam Ltd. invested in a 55 million USD project, while Powerknit Vietnam Ltd. launched a 60 million USD project, both coming from the British Virgin Islands.

Long Thai Tu fabric company from the Republic of Korea added more than 50 million USD to its ongoing project in the province.

The Department said that all the projects are in high technology and the supporting industry, using few labourers and causing no environmental damage.

Dong Nai is now home to 1,692 projects with total investment of 30.78 billion USD, including 1,275 valid projects worth 25.94 billion USD.

The FDI projects’ investors are from 45 countries and territories, mostly the Republic of Korea, Taiwan (China) and Japan.

Meanwhile, 15 domestic-funded projects have been licenced so far this year with total investment of 6.92 trillion VND (3.04 billion USD). At the same time, 604 billion VND (28.2 million USD) was injected into five underway projects.

Theo VNA