Dong Nai province surpasses annual target in FDI attraction
The southern province of Dong Nai expects to secure 1.18 billion USD in foreign direct investment (FDI) during the January-November period, which is already higher than the target of 1.1 billion USD set for 2020 as a whole.
The southern province of Dong Nai expects to secure 1.18 billion USD in foreign direct investment (FDI) during the January-November period. (Photo: VNA)
Dong Nai (VNA) - The southern province of Dong Nai expectsto secure 1.18 billion USD in foreign direct investment (FDI) during the January-Novemberperiod, which is already higher than the target of 1.1 billion USD set for 2020as a whole.
According to deputy head of the management board of the province’s industrialparks, Pham Van Cuong, as the COVID-19 pandemic has been brought under control,many investors have contacted the board to lease land for their operations, andthe number of FDI projects in the locality is expected to increase to the endof the year.
In the first ten months of the year, Dong Nai attracted nearly 160 FDIprojects, 98 of which increased their registered capital by a total of morethan 700 million USD.
Local departments and sectors joined hands amid the pandemic to createfavourable conditions for foreign investors and experts, which helped theprovince to carry out the dual tasks of controlling COVID-19 and boostingeconomic development.
The completion of infrastructure at industrial parks and the acceleration ofadministrative reforms were also prioritised by local authorities.
Dong Nai is striving to attract 5-6 billion USD in FDI during the 2021-2025period and 6-7 billion USD during 2026-2030./.
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The southern province of Dong Nai expects to secure 1.18 billion USD in foreign direct investment (FDI) during the January-November period. (Photo: VNA) 
