Dong Nai attracts US$17.86 billion in FDI

(ĐN)- Dong Nai attracted more than US$115 million in foreign direct investment (FDI) in the first quarter of this year, including the newly registered funds and extra capital from operational projects. The figure was 2.8 times higher than the same period last year, representing 7.7 per cent of the year’s target.

Formosa Company becomes one of the biggest investors in Dong Nai with total investment of US$1.116 billion

The province has 974 FDI projects operational at present with a total registered capital of US$17.86 billion. The total implemented capital of FDI projects in the province is approximately US$ 8.6 billion, accounting for over 48 percent of the total registered capital. FDI enterprises in Dong Nai contribute about 41 per cent of the province’s gross domestic product (GDP).

In the first threee months of the year, foreign-invested businesses posted over US$1.3 billion in export value, a year-on-year increase of 19.2 per cent and they represented over 93 percent of the province’s total export value.

Reported by X.P