Illustrative photo (Source: VNA)Dong Nai (VNA) – The southern province of Dong Nai has welcomed 440 million USD in foreign direct investment (FDI) and 30 billion VND (1.34 million USD) from domestic investors so far this year, according to the province's IZs Management Board.
The figures represent positive signals for a strong influx of FDI in 2016.
As of February, the province has lured in 1,560 FDI projects, with total registered capital of nearly 29 billion USD. Most of them remain valid, according to the provincial Department of Planning and Investment.
Numerous big international groups from Japan, the Republic of Korea, Singapore and Thailand have expanded their investments and operations in anticipation of opportunities brought by free trade agreements (FTA), particularly the Trans Pacific Partnership (TPP) deal.
They include Hyosung, Changshin, Taekwang Vina, Amata, CP Fujitsu, Formosa, VPIc, Kenda and Pouchen.
Ly Duc Ky, Director General of the Vietnam Precision Industry Joint Stock Company at the Ho Nai IP in Trang Bom district, said up to 90 percent of the company’s products are shipped to the US, Japan and Canada, which are members of the TPP.
The company has invested approximately 70 million USD in building facilities and recruiting more than 1,000 employees to expand its operations in the Giang Dien IP, Ky said.
According to Chairman of Thailand’s Amata Group Surin Pitsuwan, the group has put another 635 million USD in three projects in the Long Thanh IP.-VNA
