Dong Nai’s six-month FDI attraction nearly meets yearly plan

15:10 | 27/06/2018 Economy

The southern province of Dong Nai attracted US$902 million in foreign direct investment (FDI) in the first six months of the year, accounting for over 90 percent of the yearly plan and up 48 percent from the same period in 2017.

dong nais six month fdi attraction nearly meets yearly plan
Paint production at KCC Vietnam Co, Ltd in Long Thanh Industrial Zone, Dong Nai province - Photo: VNA

According to the provincial Department of Planning and Investment, investment licenses were granted to 54 FDI projects with total registered capital of over US$420 million. Meanwhile, there were 49 projects asking to increase their investment capital.

Most of the projects are in line with the province’s policy which is attracting high-tech projects, support projects, and those which are friendly with the environment.

The FDI inflow came from the Republic of Korea (RoK), Taiwan (China), Japan, China, British Virgin Islands and Germany.

Large projects included a US$40-million Hi KNIT Co., Ltd project developed by RoK investor at Nhon Trach industrial park, a US$33-million Air Manufacturing Innovation Vietnam project by Dutch investor at Giang Dien industrial park, and a US$32-million DH Logistic Property Vietnam Co.,Ltd project by Singaporean investor at Loc An-Binh Son industrial park.

Projects increasing investment capital were Dutch Bosch Gasoline Systems-HCP project at Long Thanh industrial park, Singaporean OPV pharmaceutical JSC project at Bien Hoa II industrial park, and Japanese SMS Manufacturing Vietnam Co.,Ltd project at Long Duc industrial park.

The department said that the province is currently home to 1,804 FDI projects with total registered capital of US$32.76 billion, of which there are 1,335 valid ones valued at US$27.68 billion.

Dong Nai has attracted FDI projects from 45 countries and territories so far, of which the RoK, Taiwan (China) and Japan are leading investors.