Disbursement of foreign direct investment (FDI) in the southern province of Dong Nai has reached approximately US$430 million thus far this year, fulfilling 54 per cent of its yearly target.

The latest addition has brought the province’s FDI disbursement up to roughly $16 billion or equivalent to 74 per cent of total registered capital, said the provincial Industrial Zones Management Board.

Deputy head of the board Mai Van Nhon attributed the positive results to the fact that foreign investors have studied the province’s investment environment, implementing their projects right after receiving investment certificates from local authorities.

In the first half of this year, Dong Nai attracted $650 million in FDI, meeting 65 per cent of the target set for the whole year, the board’s statistics revealed.

The amount came from 37 new and 51 existing projects. According to the department, the majority of projects were involved in high technology, supporting industries and were environmentally friendly. They were in line with the province’s policy to prioritise hi-tech projects.

Most of the projects in Dong Nai in the period were from South Korea, Japan, Singapore, Germany and the British Virgin Islands. — VNS