Fresh and additional foreign direct investment (FDI) in Dong Nai totaled only US$600 million in this year’s January-June but the disbursed volume was US$500 million in the same period.
Fresh and additional foreign direct investment (FDI) in Dong Nai totaled only US$600 million in this year’s January-June but the disbursed volume was US$500 million in the same period.
At a press conference on six-month review of Dong Nai province on Tuesday, Phan Minh Thanh, Deputy Director of the provincial Department of Planning and Investment, noted that the six-month FDI attraction fell 34.5% year-on-year, but the disbursement was up US$130 million.
Fast disbursement was seen in those projects licensed from 2012 to 2013, said Bo Ngoc Thu, Director of the department. Specially, she noted, operational FDI schemes with good business prospects in the province have also deployed investment expansion swiftly.
Most of the projects with fast execution are in industrial parks where infrastructure and cleared land lots are already available for construction of factories by foreign investors, Thu told the Daily.
FDI flow into Dong Nai last year mainly came from Japanese, South Korean and Singaporean companies with projects in the supporting, electronic components, mechanics and hi-tech industries, Thu said.
Thu noticed the number of Japanese investors seeking business opportunities in Dong Nai has been on the rise, partly due to the fact that many Japanese investors are doing good business there. On the other hand, Dong Nai managed to launch investment promotions in Japan last year.
Numerous Japanese enterprises have rushed to Dong Nai to seek investment chances, taking the number of Japanese-invested schemes licensed by the province in the first six months to 20 worth a total of over US$183 million, 54.2% of total fresh FDI pledged in the province, Thanh said.
With such a positive FDI attraction plus a host of new investments of Japanese and South Korean investors in the pipeline, the province’s target of luring US$800 million to US$1 billion in FDI this year is attainable, Thu added.
(Source: SGT)
