FDI inflow to Dong Nai province breaks targetFriday, November 8,2019
AsemconnectVietnam - The southern province of Dong Nai secured 1.46 billion USD for 190 FDI projects during January-October, surpassing its annual target by 46 percent.
According to the provincial Department of Planning and Investment, local authorities had licensed 93 new projects with total registered capital of 800 million USD, while allowing capital adjustments worth nearly 670 million USD for 97 existing projects.
Most of the projects are involved in the supporting industry and use advanced technology that is environmentally friendly with skilled workers, it said.
Notable projects include the 33 million USD Watakyu Vietnam Company Limited from a Japanese investor at the Amata industrial park in Bien Hoa city, the 40 million USD SEA project from a Korean investor at the Nhon Trach 6 industrial park in Nhon Trach district, and the 72 million USD Otsuka Techno Vietnam Company Limited from a Japanese investor at the Nhon Trach industrial park, also in Nhon Trach district.
The department said the province is now home to 1,447 valid FDI projects worth 29.8 billion USD.
Businesses from 45 countries and territories have invested in the province, with the Republic of Korea, Taiwan (China) and Japan leading the way.
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