Dong Nai attracts nearly $1.76b in FDI in 11 months
Tuesday, December 4,2018AsemconnectVietnam - The southern province of Dong Nai attracted US$1.76 billion in foreign direct investment (FDI) in the first 11 months of the year, surpassing the yearly target by 76 per cent, according to the provincial Department of Planning and Investment.
According to the provincial industrial zones’ management board, licenced projects in industrial parks are diversified, suitable with local direction, focusing on supporting industries in three major fields: mechanical engineering, electronics as well as garment and footwear.
The project of Long Duc - Wonderful Sun-S Electronics Company Limited has total investment capital of $25 million. It targets the production and assembly of all kinds of electronic and electrical components.
According to the provincial Department of Planning and Investment, to date, Dong Nai Province has 1,861 FDI projects with total registered investment of $33.63 billion. Of them, 1,379 projects worth $28.5 billion are operational while 482 others totalling $5.12 billion have had their licences withdrawn. In recent years, it has prioritised projects using high-tech, skilled labourers and environmental protection.
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