So far this year, industrial parks (IPs) in Dong Nai have attracted close to 80 foreign direct investment (FDI) projects totally worth some US$715 million, exceeding its target of US$700 million for the entire year.
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So far this year, industrial parks (IPs) in Dong Nai have attracted close to 80 foreign direct investment (FDI) projects totally worth some US$715 million, exceeding its target of US$700 million for the entire year.
According to Dong Nai Industrial Zones Authority, US$485 million were added to 53 existing projects and the remainder, for new projects. Most of the licensed projects are in the field of support industries, using modern assembly lines and not labour intensive.
Projects posting large investment included the US$100 million Hansol Electronics project at the Ho Nai IP, the US$60 million plant of the Ojitex company at the Loc An – Binh Son IP, and an over US$130 million coffee project by Nestle Vietnam at the Amata IP.
Le Van Danh, deputy head of the board, said the total FDI attracted in the period was 15 percent higher year on year.
Dong Nai is seeing chances of obtaining more than US$1 billion worth of foreign capital this year, equaling its pre-pandemic average level.
Danh attributed the increase in FDI to the local administration's reform that has simplified procedures and employed digital transaction methods.
The province is home to 32 operating IPs. To date, it has recorded close to 1,400 valid FDI projects whose value tops US$27 billion, from 41 nations and territories.
(Source: VNA)
