Business

Dong Nai’s FDI attraction surpasses yearly plan

The southern province of Dong Nai drew over 120 foreign-invested projects worth nearly 940 million USD in the first nine months of this year, surpassing the yearly plan by around 34%, said the Dong Nai Industrial Zones Authority (DIZA) on October 3.
Dong Nai’s FDI attraction surpasses yearly plan ảnh 1At a foreign-invested factory in Giang Dien IZ in Dong Nai (Photo: VNA)

Dong Nai (VNA) – The southern province of Dong Nai drew over 120foreign-invested projects worth nearly 940 million USD in the first nine monthsof this year, surpassing the yearly plan by around 34%, said the Dong Nai Industrial Zones Authority (DIZA) on October3.

DIZA head Nguyen Tri Phuong noted that many Chinese firmshave partially relocated their investments to Vietnam.

During the period, Dong Nai licensed roughly50 new FDI projects, including 17 from China with a total investment of approximately150 million USD. Most of them rent spaces for operations in apparel, electronicspare parts and household appliances.

Thanks to its favourablegeographical location, continuous administrative reform and infrastructure upgrade,Dong Nai has been drawing more and more interest from foreign enterprises,Phuong affirmed.

As its available land forindustrial purpose is becoming limited, he said Dong Nai hopes that the Stateagencies will soon approve the development of five new industrial zones to makeit easier for the province to attract large-scale, high-tech projects.

Dong Nai is now home to 33 IZsattracting over 1,430 FDI projects from 43 countries and territories, with atotal investment capital of over 29 billion USD./.

VNA
#southern province of Dong Nai#Vietnamplus#Vietnam News Agency#Dong Nai Industrial Zones Authority#electronic spare parts#household appliances
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