Illustrative image (Source: VNA)Dong Nai (VNA) – Thesouthern province of Dong Nai is stepping up investment-trade-service promotionactivities to attract more foreign investments from major markets like Japan, theEU, the Republic of Korea and Taiwan, said the provincial Department ofInvestment and Planning.
As part of the efforts, Dong Nai willmaintain regular dialogues between the local authorities and foreign businesses.The province will create optimal conditions for investors in terms of administrativeprocedures. It will also apply information technology to improve administrationprocedures and service quality for foreign investors and tobuild an e-government.
Additionally, the province will keepinvestors updated on its socio-economic achievements, new regulations andreforms. The local authorities will also work with departments and agencies to tacklebusinesses’ difficulties.
Dong Nai made breakthroughs inforeign investment attraction in 2016, with registered capital hitting nearly1.92 billion USD, 92 percent higher than the annual target.
Cao Tien Dung, Director of the DongNai Department of Investment and Planning, said that the foreign-invested projectsfocus mostly on high technology, supporting industry and environmentally-friendlyones.
By the end of 2016, the province had1,253 valid foreign invested projects with total registered capital of 25.7billion USD, with the Republic of Korea, Taiwan (China) and Japan being thelargest investors.-VNA
