Authorities in southern Dong Nai Province are happy that the FDI (foreign direct investment) inflow into the southern province in the first nine months exceeded the target set for the year, the Thoi Bao Kinh Te Sai Gon (Saigon Economic Times) reports.
Authorities in southern Dong Nai Province are happy that the FDI (foreign direct investment) inflow into the southern province in the first nine months exceeded the target set for the year, the Thoi Bao Kinh Te Sai Gon (Saigon Economic Times) reports.
According to the Dong Nai Department of Planning and Investment, as of October 15, the province had attracted FDI worth US$2.76 billion, well above the $2 billion target set for 2009. The capital inflow was for 26 new FDI projects and 33 operational ones.
The province is now expected to attract a total FDI of $3 billion for the whole year.
"This is a good sign for Dong Nai’s investment environment," said Bo Ngoc Thu, director of the department. "The figures say it all," she added.
Thu said Dong Nai had continued to mobilise significant FDI at a time foreign investors had scaling down operations due to the global economic and financial crisis.
She said this year FDI flows had been channeled into sectors encouraged by the provincial authorities such as banking, tourism, education, health, electronics and real estate rather than the labour-intensive sectors like textiles and garments and footwear manufacturing.
Thu said they had sought FDI for hi-tech industries and environmentally-friendly projects.
The province has 980 FDI projects operational at present with a total registered capital of more than $15.5 billion.
(Source: VNS)
