Investment in Dong Nai soars

09:08 | 03/11/2016 Economy

(VEN) - According to the Foreign Investment Agency, Dong Nai Province had ranked third in foreign investment attraction since the beginning of the year, behind Hai Phong and Hanoi. By August 19, Dong Nai had 1,239 valid projects with total capital of more than US$25.2 billion.

Investment in Dong Nai soars

In the first eight months of the year, total newly registered and additional capital reached US$1.5 billion, equal to 150 percent of the annual plan. Of which, 67 projects were newly registered for total capital of US$788.4 million, while 61 projects added capital of US$709.6 million. As of August 19, the province had 1,637 projects worth US$29.787 billion, including 1,239 valid projects with total capital of more than US$25.2 billion.

Investment capital pouring into Dong Nai Province was sourced from 43 countries and territories, led by the Republic of Korea, Chinese Taipei and Japan.

In addition to foreign investment, domestic capital also strongly poured into the province. By August 2016, domestic investment capital attraction stood at nearly VND8.3 trillion, an increase of about 20 percent compared to a year ago. Most of them were new investment projects from industrial production supporting garment and textile, wood and wood products and flooring tiles to logistics and real estate. In particular, the clean water supply project serving production, services and living for Long Thanh and Nhon Trach districts with total capital of over VND1.23 trillion, the project on tenement houses, villas and apartments in Trang Bom District’s Giang Dien Commune with total capital of nearly VND1.1 trillion, and the project on building bonded warehouses and developing logistics services in Bien Hoa City with total capital of nearly VND300 billion are three major projects.

Dong Nai Department of Planning and Investment Director Cao Tien Dung said that this year’s domestic investment capital attraction in the province was higher than the same period last year, and investment projects were among priority sectors. The better outcomes in investment capital attraction were achieved thanks to administrative procedure reforms and investment promotion activities.

In the coming time, Dong Nai Province will continue to deploy the green growth strategy, focusing on environmental protection and social security policies. In addition, the province’s investment promotion activities will drive towards main fields such as high technology, support industries, environmentally friendly projects, real estate trading, agricultural production, food processing, biotechnology application, infrastructure, transport, services and tourism.

Dong Nai Province will announce all the procedures, investment certificates, business expansion and establishment licenses and construction permits, contributing to saving time and costs and creating the most favorable conditions for businesses.


Hai Ha