Dong Nai’s FDI attraction booming, nearly triple in Q1
Foreign direct investment in the southern province of Dong Nai surpassed 500 million USD in the first quarter this year, nearly tripling that in the same period last year, according to the management board of the provincial industrial parks.
Dong Nai (VNA) – Foreign direct investment in the southern provinceof Dong Nai surpassed 500 million USD in the first quarter this year, nearly triplingthat in the same period last year, according to the management board ofthe provincial industrial parks.
Of the figure, there were 11 new projects with a totalregistered capital of nearly 50 million USD and 22 others with additionalcapital of more than 451 million USD, mostly those from Japan, the Republic ofKorea and Taiwan (China). All of them utilise advanced technology and skilled labourin priority investment sectors. Among the 11 new FDI projects, six are in supportindustry.
Deputy head of the board Pham Van Cuong said over recent months, FDIattraction in Dong Nai has thrived with increasing quantity and quality ofprojects which involve the construction of new factories and manufacturingexpansion.
Foreign investors pin high hope on projects underway in the province,especially Long Thanh airport and expressways. The province has also stepped up administrative reform and dealt with investor concerns, he said.
According to the approved plan, Dong Nai has 40industrial parks (IPs) with an area of about 19,000ha. The province is now hometo 32 IPs that are already in operation, with an occupancy rate of over 85%. Theremaining IPs are yet to be built due to obstacles regarding investmentprocedures, rubber and forest land processing, auction and bidding, and zone planning.
൩ Cuong said the province hopes that the Government, ministriesand agencies will tackle bottlenecks and create favourable conditions for it toestablish new IPs, thus attracting more capital from big corporations andbusinesses around the world./.
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Illustrative image (Photo: VNA) 
