Business

FDI in Dong Nai hits 670 mln USD since beginning of year

The southern province of Dong Nai granted permits on April 28 to allow six existing FDI projects to add nearly 250 million USD in registered capital.
FDI in Dong Nai hits 670 mln USD since beginning of year ảnh 1A factory of the Tuong Lai Co. Ltd in Dong Nai province (Photo: VNA)
Dong Nai (VNA) - The southern province of Dong Nai grantedpermits on April 28 to allow six existing FDI projects to add nearly 250million USD in registered capital.

Among these are Nestle Vietnam’s coffee production project at the AmataIndustrial Park, with total investment increasing from 270 million USD to morethan 400 million USD; VacPro Vietnam’s factory in the Nhon Trach I Industrial Park, rising from 7 million USD to 40million USD; and a new branch of Suheung Vietnam, adding 30 million USD incapital to reach 80 million USD.

Foreign investors adding capital and expanding production is a positivesign and shows that they have confidence in the local business climate and are postinggood earnings, deputy head of the provincial industrial park (IP) authority LeVan Danh said.

Most projects are in supporting industries and use advanced technology,he added.

FDI in Dong Nai hits 670 mln USD since beginning of year ảnh 2Dong Nai officials present investment certificates to foreign investors on April 28 (Photo: VNA)
Dong Nai is likely to welcome more foreign investors in the time to come,said Vice Chairman of the provincial People’s Committee Nguyen Thi Hoang.
Sheadded that the province gives priority to projects applying high technologyand employing skilled workers in supporting industries and is now moreselective when it comes small-scale, labour-intensive, andenvironmentally-unfriendly projects.

According to data from the provincial IP authority, local IPs had attractedclose to 670 million USD in 58 FDI projects since the beginning of this year. They include 39projects receiving additional investment, worth more than 420 million USD.

Dong Nai is currently home to 32 IPs. Nearly 1,400 FDI projects worth a totalof 27 billion USD have so far set up camp in the province./.
VNA
#Dong Nai#FDI#Amata Industrial Park#Nhon Trach I Industrial Park#foreign investors#supporting industries#foreign investment#updated Vietnam news#Vietnamplus#Vietnam News Agency
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