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Đồng Nai FDI smashes yearly target

 

ĐỒNG NAI — The southern province of Đồng Nai received US$1.46 billion for 190 FDI projects during January-October, 46 per cent higher than its annual target.

According to the provincial Department of Planning and Investment, local authorities had licensed 93 new projects with total registered capital of $800 million, while allowing capital adjustments worth nearly $670 million for 97 existing projects. 

Most of the projects are involved in the support industry and use advanced technology that is environmentally friendly with skilled workers, it said.

Notable projects include the $33 million Watakyu Việt Nam Co Ltd from a Japanese investor at the Amata Industrial Park in Biên Hòa city, the $40 million SEA project from a Korean investor at the Nhơn Trạch 6 Industrial Park in Nhơn Trạch District, and the $72 million Otsuka Techno Việt Nam Co Ltd from a Japanese investor at the Nhơn Trạch Industrial Park, also in Nhơn Trạch District.

The department said the province is now home to 1,447 valid FDI projects worth $29.8 billion.

Businesses from 45 countries and territories have invested in the province, with the Republic of Korea, Taiwan (China) and Japan leading the way.

Source: VNS

 

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