More than 170 foreign direct investment (FDI) projects have been revoked licences due to slow progress of implementation in the southern province of Dong Nai since the Foreign Investment Law came into effect in 1988.
The southern province of Dong Nai has topped the country in attracting
foreign direct investment in the first two months of 2016, said the
provincial Industrial Zones Authority (DIZA).
The southern province of Dong Nai attracted US$2.15 billion of foreign
direct investment (FDI) capital in the first 10 months of the year,
surpassing the year''s target of $900 million, according to the
provincial Department of Planning and Investment.
Most enterprises in southern Dong Nai Province affected by the May riots
sparked by China''s placing its oil rig in the East Sea were able to
resume business within a few weeks, and some expanded operations.
The Dong Nai Industrial Zones Authorities (DIZA) had granted licences to
59 new foreign-invested projects by the end of September, worth
US$315.5 million.
