FDI attraction exceeds year's target

09:04, 22/04/2015

(ĐN)- Dong Nai's foreign direct investment attraction in the Jan-April period has exceeded US$7 million of the whole year's targeted figure, reaching over US$907 million, according to the Dong Nai Industrial Zones Authority.

(ĐN)- Dong Nai’s foreign direct investment attraction in the Jan-April period has exceeded US$7 million of the whole year’s targeted figure, reaching over US$907 million, according to the Dong Nai Industrial Zones Authority.

More than US$771 million of which is registered to new projects and the remaining US$136 million has been funneled into existing projects.

Most of the FDI capital was poured into green and hi-tech projects during the reviewed period.

Hyosung Corporation, a conglomerate of the Republic of Korea (RoK), will invest an additional US$600 million to expand their business in the province. Around 90 percent of its products, mostly fibres of all kinds, are exported worldwide.

Dong Nai is estimated to attract over US$1 billion in FDI capital in 2015.

Reported by H.G