At a meeting to review the 2012 socio-economic situation and the 2013 plans held in Dong Nai last week, Bo Ngoc Thu, Director of the provincial Department of Planning and Investment, said total fresh and additional FDI in the locality has reached over US$1.2 billion to date.
At a meeting to review the 2012 socio-economic situation and the 2013 plans held in Dong Nai last week, Bo Ngoc Thu, Director of the provincial Department of Planning and Investment, said total fresh and additional FDI in the locality has reached over US$1.2 billion to date. The amount is 34% higher than the year’s target and increases by US$272 million compared to the same period last year.
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| Workers are working at Toshiba Industrial Products Asia Co. in Dong Nai |
This year, Dong Nai has 32 new projects worth a total US$653 million and 66 operational schemes raising their capital by over US$547 million.
The impressive result is owing to the fact that the local investment environment has increasingly been improved, investment promotion activities have paid off and supports of the local government towards investors have been stronger, Thu said.
FDI in Dong Nai has mainly come from Asian nations including Japan, South Korea, Singapore, Malaysia and China. Especially, Japan captures the top position with 21 fresh projects worth total registered capital of up to some US$516 million, accounting for 41% of the total number of projects and 79% of total new FDI capital in local industrial parks.
Besides, Japanese investors have also spurred capital for 16 projects in operation by about US$109 million. As such, total investment capital of Japanese enterprises in Dong Nai has amounted to US$624.8 million this year, or 52% of the total FDI in the province.
Most of new FDI projects by Japanese investors are in hi-tech areas such as dental and medical equipment and telecom devices, Thu noted. At the same time, Dong Nai has also welcomed other Japanese projects in supporting and precision engineering industries that are still underdeveloped at home, she said.
Given the current economic difficulties, the local authorities have set the target of luring from US$800 million to US$1 billion in FDI for 2013.
(Source: SGT)
