FDI capital continues to flow into Dong Nai

Monday, 2017-04-03 09:59:38
 Font Size:     |        Print
 

Image for illustration
 Font Size:     |  

NDO - A total of US$314 million worth of foreign direct investment (FDI) capital was licensed for investment in Dong Nai province in the first quarter of this year, equivalent to 53.4% of the same period in 2016 and 31.4% of this year's target, according to Dong Nai province's Planning and Investment Department.

Of the total, there were 15 newly licensed projects with a total capital of US$137 million and 16 projects registering to increase capital by US$177 million.

FDI investors in the province in the first quarter of this year mainly came from Asian countries, including the Republic of Korea, Japan, China and Singapore, in addition to several projects from Germany and England.

The provincial Department of Planning and Investment said that all licensed FDI projects in the first quarter conformed to the investment policy of the province, namely hi-tech projects, those using skilled workers, projects in the field of support industry and environmentally friendly projects.

Several projects were licensed in the first quarter, including a project invested by Pou Phong Vietnam at the Bau Xeo Industrial Zone with a registered capital of US$55 million, a project by Powerknit Vietnam at the Bau Xeo Industrial Zone with a registered capital of US$60 million, and a project by Pou Sung Vietnam with a supplemented capital of US$80 million, among others.

Dong Nai has so far attracted 1,679 FDI projects with a total investment capital of US$30.6 billion, including 1,262 valid projects with a total investment of US$25.7 billion.

FDI investors are from 45 countries and territories, with the leading investors from the Republic of Korea, Taiwan (China) and Japan.