Paint being produced at South Korean-backed KCC Viet Nam Co in Dong Nai Province's Long Thanh Industrial Zone. — Photo VNA

The southern province of Dong Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment.

During the period, the province granted licences to 55 new projects worth more than $537 million in total. It also allowed 64 existing projects to raise their capital levels by $604 million.

The department said most of the projects were high-tech, environmentally friendly and in line with the province’s investment attraction policy.

Some of the large-scale projects were the $100 million footwear factory developed by South Korean firm Chang Shin Viet Nam Co in Tan Phu Industrial Zone and the $72 million plant manufacturing plastic products being financed by Japanese company Otsuka Techno Viet Nam in Nhon Trach Industrial Zone.

The province's full-year goal was $1.02 billion.

So far, Dong Nai has attracted a total of 1,940 foreign-invested projects with combined capital of nearly $34.92 billion. Investors in the province have come from 45 countries and territories, led by South Korea, Taiwan and Japan. — VNS