Dong Nai draws over US$456 million in FDI

15:23 | 25/04/2018 Economy

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

Dong Nai draws over US$456 million in FDI - Photo: VNA

Half of the projects are newly invested with total capital of US$151.5 million while the remaining are allowed to increase capital by US$304.9 million, 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 US$25 million from Japan, the Singapore-invested project specialising in pharmaceutical production worth US$47.7 million, the Netherlands’ Bosch Gasoline Systems – HCP project worth over US$71 million manufacturing mechanical equipment, and the US$47 million 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 US$32.3 billion, including 1,309 valid projects worth US$27.2 billion. The province attracted investors from 45 countries and territories with the Republic of Korea, China’s Taiwan and Japan topping the list.

Theo VNA