09:05 | 08/05/2015 Economy
The southern province of Dong Nai reeled in 982 million USD in foreign direct investment (FDI) in January-April, surpassing its original 900 million USD target for this year
The southern province of Dong Nai reeled in 982 million USD in foreign direct investment (FDI) in January-April (Photo: VNA)
Of 50 foreign-invested projects during the period, 28 are new businesses and the remainder have registered additional capital, mostly in the support industry, high technology, services and farming based in industrial parks, said Director of the provincial Department of Planning and Investment Bo Ngoc Thu.
The success is a result of much simplified administrative procedures, including the new “one-stop shop” mechanism.
As well as improving the business climate, Dong Nai has ramped up infrastructure in urban and industrial areas, including the National Highway 1, the Ho Chi Minh City – Long Thanh – Dau Giay expressway, and wastewater treatment plants in all industrial parks.
The province is home to a pool of qualified workers and transport facilities convenient for trade with southern metropolis Ho Chi Minh City.
Local authorities have been holding regular meetings with the business community to deal with any arising problems.