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Dong Nai secures 1.76 billion USD in FDI

More than 1.76 billion USD in foreign direct investment (FDI) landed in the southern province of Dong Nai during January-November, surpassing the yearly target of 76 percent.
Dong Nai secures 1.76 billion USD in FDI ảnh 1More than 1.76 billion USD in foreign direct investment (FDI) landed in the southern province of Dong Nai during January-November. (Photo: VNA)

Dong Nai (VNA) – More than 1.76 billionUSD in foreign direct investment (FDI) landed in the southern province of DongNai during January-November, surpassing the yearly target of 76 percent.

According to the provincial Department of Planning and Investment, the provincelicensed 109 new FDI projects worth 946 million USD, and allowed 94 others to investan extra 821 million USD in the 11-month period.

Most of the province’s projects have been run by investors from the Republic ofKorea (RoK), Japan, and China.

The Dong Nai Industrial Zone Management Board said that FDI capital wasinjected into supporting industry in the fields of electronics; garment,textiles and footwear; and the manufacturing of machinery products.

Notable projects include a 40-millionUSD project by RoK-based Hi Knit Co., Ltd.; a 60-million-USD project bySingapore-based KCC Vietnam Co., Ltd.; and a 45-million-USD project by RoK-based Samyang Vietnam Co.

The Department of Planning and Investment said that the province is now home to1,861 FDI projects with a total registered capital of 33.63 billion USD. Amongthem, 1,379 projects worth 28.5 billion USD are operational, while the other 482have had their licences withdrawn. –VNA

VNA
#1.76 billion USD#foreign direct investment#southern province of Dong Nai#109 new FDI projects#Dong Nai Industrial Zone Management Board#supporting industry#Vietnam News Agency#Vietnamplus
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