Southern province of Dong Nai attracted US$314 million in foreign investment (FDI) in Q1 2017, up 53.4 per cent year-on-year and reaching 31.4 per cent of its yearly plan.

This was announced by the provincial Department of Planning and Investment.

Some $137 million of the investment was registered to be poured into 15 newly-approved projects, while $177 million was added to 16 existing projects.

From the start of this year, new projects came mainly from the Republic of Korea (RoK), Japan, Singapore, British Virgin Islands and Germany.

According to the Department of Planning and Investment, invested projects in Dong Nai focused on the locality’s priority fields such as high technology, support industry and environmentally friendly projects.

To date, a total of 1,679 FDI projects have been introduced in the province with combined capital of $30.6 billion - 1,262 valid projects worth $25.7 billion and 417 projects worth $4.8 billion that were revoked.

These projects came from 45 countries and territories, with the RoK, Taiwan (China) and Japan being the leading investors. — VNS