As of July 20, the province is home to 1,045 valid foreign-invested projects with capital totalling $19.25 billion.— Photo baodongnai

DONG NAI (Biz Hub)— The southern province of Dong Nai has attracted about US$787 million in foreign direct investment (FDI) in the first eight months of this year, or meeting 78 per cent of its target set for this year.

According to the provincial Department of Planning and Investment, 50 new projects worth $364.3 million have received investment licences, while 46 operating ones have been allowed to add $423 million in their capital during the period.

Notably, the reviewed period saw an increase in number of foreign-invested projects specialising in services, hi-tech and support industries.

In light of the tough economic climate, the province is paying special attention to administrative reforms and training to improve the quality of its labour force.

In addition, it is investing in infrastructure and services in an attempt to reach the goal of drawing $1 billion in FDI by the year-end.

The province also organises regular meetings between businesses and managing agencies to tackle difficulties as quickly as possible.

As of July 20, the province is home to 1,045 valid foreign-invested projects with capital totalling $19.25 billion. — VNS