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Dong Nai receives $1bn FDI

Update: September, 18/2012 - 11:48

 

Bien Hoa Industrial Zone 2 - Dong Nai.—File Photo
ĐONG NAI – (VNS) The southern province of Đong Nai has attracted more than US$1 billion from foreign direct investment (FDI) despite the economic downturn, said Bo Ngoc Thu, director of the province's planning and investment department.

The figures places the southern province third nationally in attracting FDI after Binh Dương Province, also in the South, and the northern city of Hai Phong.

In the past eight months, Đong Nai has granted investment licences to 34 enterprises with registered capital of about $600 million.

Among the new projects, two are in high-tech – Belmont Manufacturing specialising in health-care equipment and Maspro Viet Nam producing satellite television receivers and transmitters and securities equipment.

The remaining projects focus on mechanics, electronic spare parts assembling and food processing.

In the eight months, the province also recorded 44 projects increasing their investment capital worth a total of more than $400 million.

Statistics reveal that there are more than 1,000 licensed projects in the province, of which 820 are operating.

FDI projects account for 62 per cent of Đong Nai's total industrial production and 95 per cent of its export turnover. They also help create 500,000 jobs.

The province's industrial-zone management board predicts FDI will reach $1.2 billion for the whole year.

According to Thu, the province is upgrading its infrastructure and training high skill labourers to attract more investors. – VNS

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