FDI flow heats up Dong Nai

The southern province of Dong Nai has drawn over 2.36 billion USD in foreign direct investment (FDI) in the first 11 months of the year, doubling the target set for the whole year, said the province’s Department of Planning and Investment.

Over 1.5 billion USD of the figure was raised by 118 newly-invested projects, the remainder coming from 110 extended projects, the department said.

”The strong increase in investment capital has resulted from provincial efforts to promote administrative reform and perfect its “one-stop” policy which creates more favourable investment conditions,” said the department director Bo Ngoc Thu.

So far, new projects involving hi-tech industries and the service sector accounted for over 80 percent of total investment capital, well-suited to the province’s position on attracting investment, she added.

By year-end, Dong Nai expects to absorb 2.45 billion USD in FDI.

Dong Nai is seeking investment in other areas, including mechanical engineering, electronics, new materials, agriculture machinery, engines, accessories and parts for vehicles, packaging, medicine and environmental protection.

It also welcomes investment in infrastructure, real-estate, textiles and apparel, as well as tourism. (VNECONOMY).