Dong Nai secures US$1.76 billion in FDI
More than US$1.76 billion in foreign direct investment (FDI) landed in the southern province of Dong Nai during January-November, surpassing the yearly target of 76%.
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According to the provincial Department of Planning and Investment, the province licensed 109 new FDI projects worth US$946 million, and allowed 94 others to invest an extra US$821 million in the 11-month period.
Most of the province’s projects have been run by investors from the Republic of Korea (RoK), Japan, and China.
The Dong Nai Industrial Zone Management Board said that FDI capital was injected into supporting industry in the fields of electronics; garment, textiles and footwear; and the manufacturing of machinery products.
Notable projects include a US$40 million project by RoK-based Hi Knit Co., Ltd.; a US$60 million project by Singapore-based KCC Vietnam Co., Ltd.; and a US$45 million project by RoK-based Samyang Vietnam Co.
The Department of Planning and Investment said that the province is now home to 1,861 FDI projects with a total registered capital of US$33.63 billion. Among them, 1,379 projects worth US$28.5 billion are operational, while the other 482 have had their licences withdrawn.
