The southern province of Dong Nai attracted US$1.34 billion in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20%, surpassing the annual target by 34%.
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According to the provincial Department of Planning and Investment, the locality granted investment to 58 newly-registered projects worth US$724 million and 44 existing ones with increased capital of US$617 million.
The projects were funded by investors from 44 countries and territories, mainly from the Republic of Korea (RoK), Taiwan (China) and Japan.
As of July 19, the province boasts 1,613 projects with a total investment of over US$29.1 billion, including 1,223 valid projects worth over US$24.5 billion, prioritising hi-tech, skilled labour and environmentally friendly ventures.
The provincial People’s Committee attributed the outcomes to the local efforts to improve administrative procedures and hold regular dialogues with businesses to help them overcome difficulties and facilitate their operation.
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The locality also developed infrastructure at a support industry, and hi-tech industrial parks to lure foreign investors.