ASEAN investors pour over US$3.42 billion in Dong Nai

07:07, 29/07/2015

(ĐN)- Dong Nai remains an attractive investment destination for ASEAN investors, according to the Department of Planning and Investment.

(ĐN)- Dong Nai remains an attractive investment destination for ASEAN investors, according to the provincial Department of Planning and Investment.

As of the middle of July, ASEAN countries had invested in 129 projects in Dong Nai, which were capitalised at more than US$3.42 billion.

Singapore took the lead with investments in 49 projects worth around US$2 billion, or 58.5 percent of the total. Thailand was next with more than 34 projects valued at over US$751 million, or 22 percent, while Malaysia ranked third with 31 projects worth US$607 million, or 17.7 percent.

Singapore’s major investments include the urban area Water Front project with a total registered capital of US$750 million and a project worth US$400 million investing in real estate.

Meanwhile, the Thai-invested Amata Vietnam JSC, following the success of its first industrial park project in the province, has decided to pour US$282 million into the Long Thanh Hi-tech Industrial Park, said General Director Somhatai Panichewa.

In recent years, ASEAN investors have flocked to the province to grab investment opportunities to be created by the ASEAN Economic Community which will be established by the end of this year.

They have chosen Dong Nai as the province with the greatest potential to develop industry and service.

The KinderWorld Education Group from Singapore is also planning to invest in a school project worth US$100 million.

Reported by K.M