Dong Nai’s FDI attraction surpasses 134% of the year’s plan
Dong Nai’s FDI attraction surpasses 134% of the year’s plan
Dong Nai province attracted US$1.34 billion in new and additional foreign direct investment (FDI) pledges as of July 19, up 20% year-on-year and equivalent to 134% of the year’s plan, according to the provincial Department of Planning and Investment.
Dong Nai licensed 58 new projects worth US$724 million this year, including Thai-owned Amata Viet Nam Company Ltd (registered capital of US$309 million) and the Republic of Korea's Dong Won Viet Nam Company (registered capital of US$60 million), Brunei's Promax Textile Viet Nam Co (registered capital of US$55 million), Brunei's Great Kingdom Giang Dien (registered capital of US$50 million).
Meanwhile, 44 previously-licensed projects had their capital supplemented with US$617 million, including Chinese Taipei's Medical University Shing Mark Hospital in Binh Tan ward, Long Hoa (a supplement of US$100 million); British Virgin Islands’ Shing Mark Vina Co., Ltd at Bau Xeo Industrial Zone (a supplement of US$100 million) and the Republic of Korea’s Hewaseung Vina Co., Ltd at Nhon Trach 1 Industrial Zone (a supplement of US$70 million).
The surge in FDI attraction can be attributed to Dong Nai’s facilitation of investment and trade promotion activities over the past years, aiming to introduce the province and its selective investment attraction policy.
As of July 19, Dong Nai had attracted 1,613 FDI projects from 44 countries and territories with total investment capital of US$29.1 billion, with 1,223 currently valid projects worth US$24.5 billion.
Most foreign investors in Dong Nai come from countries and territories across Asia, including the Republic of Korea, Chinese Taipei, Japan, and Brunei.
