Dong Nai exceeds 2017 target in FDI attraction
The southern province of Dong Nai has attracted US$1.02 billion in foreign direct investment (FDI) so far this year, exceeding its target for the year.
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According to the provincial Department of Planning and Investment, as of early November, 58 FDI projects were approved with total capital of US$350 million, while 90 other projects received an additional US$670 million.
So far, the province has exceeded its 2017 target by 2%.
Some major projects the province has hosted include US$60 million Powerknit Vietnam company invested by the British Virgin Islands, the US$55 million Pou Phong Vietnam company, also from the British Virgin Islands, US$38 million Seah Vietnam steel company, and the US$25 million Saite Power Source Vietnam company from Hong Kong (China).
Meanwhile, US$80 million was injected into Pou Sung Vietnam company, US$50 million was poured into Full Way company, and US$40 million was added to Powerknit Vietnam company.
The department reported that so far, Dong Nai has attracted 1,724 FDI projects worth US$31.12 billion, including 1,285 valid ones with total capital of US$26.2 billion.
The projects are owned by investors from 45 countries and territories, with most from the Republic of Korea, Taiwan (China) and Japan.
