Dong Nai attracts over $373 million in FDI
Dong Nai attracts over $373 million in FDI
The southern province of Dong Nai attracted US$373.2 million in foreign direct investment (FDI) in the first quarter of 2019, an increase of nearly $20 million compared to the same period last year and reaching 37 per cent of the year plan.
During January-March, the province licenced 18 new FDI projects worth $152.6 million, and allowed 20 others to add an extra $220.5 million.
According to the provincial Department of Planning and Investment, most of the projects are in supporting industry that is high-tech and environmentally friendly.
The Republic of Korea, Japan and Singapore continue to be the leading countries investing in Dong Nai Province, including some new projects with large capital.
Most notable among them are the Korean-invested Chang Shin Viet Nam factory in Tan Phu Industrial Park (Tan Phu District) with registered capital of $100 million; and Japanese-invested Semba Tohka Viet Nam Co.,Ltd at Long Duc industrial park worth $9.2 million.
Those with additional investment include Hung Nghiep Formosa project from Taiwan at Nhon Trach II industrial park, and the Republic of Korea’s Hi Knit Co.,Ltd project at Nhon Trach 6 industrial park, which got extra capital of $92.7 million and $50 million, respectively.
In addition, Dong Nai now has 27 enterprises from the United States investing total registered capital of over $207 million, ranking 10th among countries and territories investing in this province.
The province is home to 1,901 FDI projects with total registered capital of $34.1 billion. Of them, 1,400 projects worth $28.9 billion are operational.
