Dong Nai's FDI attraction increases sharply in 2013

Saturday, Dec 07, 2013 15:37

Dong Nai has 1,059 valid projects worth $19.5 billion.  -- Photo

DONG NAI (Biz Hub) — The southern province of Dong Nai attracted US$1.35 billion in foreign direct investment (FDI) so far this year, up 35 percent compared to its yearly target and 20 percent year-on-year.

According to the provincial Department of Planning and Investment, the province licensed 67 new projects with total registered capital of $651.3 million, while 68 existing projects were allowed to add a combined $700 million.

The FDI disbursement in 2013 reached $970 million, 7.8 per cent more than the yearly target, raising the province's cumulative disbursement to over $13 billion or 67.6 per cent of the total registered capital. Stepped-up investment promotion activities in Japan made the country the leading investor in the province, with newly registered and added investment of $465.7 million.

By December, the province had 1,059 valid projects worth $19.5 billion, according to the Department of Planning and Investment..— VNS

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