Dong Nai licenses seven new FDI projects in August

08:55 | 27/08/2015 Economy

The southern province of Dong Nai has granted investment license to seven foreign direct investment (FDI) projects worth more than US$32 million so far this month, according to the provincial Management Board of Industrial Zones.

Dong Nai licenses seven new FDI projects in August

Bicycle chain production at Amata IZ in Dong Nai province. — Photo

Besides, the local authorities approved $4.5 million worth of additional capital investment in two FDI projects.

The figure brings the total number of new FDI projects into the province to 63 so far this year and the total number of revised FDI projects to 330, with a total investment capital of over $1.5 billion.

The management board said good infrastructure system, together with preferential policies, was among reasons drawing investors in the province.

Over the past eight months, industrial zones in the province rented over 122 ha of land to businesses, 22 per cent more than the set target.

As many as seven out of 29 industrial zones in the province rented 100 per cent of their land to businesses to build factories and undertake production, including Bien Hoa 2, Nhon Trach 3, Bien Hoa 1 and Tam Phuoc industrial zones.

Countries and territories with investment capital of more than $1 billion include South Korea, Japan, Singapore, Taiwan and the British Virgin Islands.

The largest investor into Dong Nai is Taiwan with 278 projects worth $4.9 billion, followed by South Korea with 298 projects ($4.7 billion), Japan ($3.5 billion), Singapore ($2 billion) and the British Virgin Islands ($1.2 billion)./.

Source: VNS