The southern province of Dong Nai attracted US$902 million in foreign direct investment (FDI) in the first six months of the year.

This accounts for more than 90 per cent of the yearly plan and is up by 48 per cent from the same period in 2017.

According to the provincial Department of Planning and Investment, investment licences were granted to 54 FDI projects, with a total registered capital of more than $420 million. Meanwhile, 49 projects sought an increase in their investment capital.

Most of the projects are in line with the province’s policy of attracting high-tech projects, support projects and eco-friendly projects.

The FDI inflow came from South Korea, Taiwan (China), Japan, China, British Virgin Islands and Germany.

Large projects included a $40-million Hi KNIT Co. Ltd project developed by Korean investor at the Nhon Trach industrial park, a $33-million Air Manufacturing Innovation Vietnam project by Dutch investor at the Giang Dien industrial park and a $32-million DH Logistic Property Vietnam Co. Ltd project by Singaporean investor at the Loc An-Binh Son industrial park.

Projects increasing investment capital included Dutch Bosch Gasoline Systems-HCP project at the Long Thanh industrial park, Singaporean OPV pharmaceutical JSC project at the Bien Hoa II industrial park and Japanese SMS Manufacturing Vietnam Co. Ltd project at the Long Duc industrial park.

According to the department, the province is currently home to 1,804 FDI projects, with a total registered capital of $32.76 billion, of which 1,335 projects are valued at $27.68 billion.

To date, Dong Nai has attracted FDI projects from 45 countries and territories, of which South Korea, Taiwan and Japan are the leading investors. – VNS