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Dong Nai favours high-tech FDI projects

Update: June, 11/2013 - 11:10

HA NOI (VNS)— Southern Dong Nai Province is prioritising FDI projects involving high-tech companies and support industries, particularly those that are environmentally friendly and offer high yields.

The province has also stopped granting licences to projects suspected of causing water pollution.

The revised strategy comes after the provincial Department of Planning and Investment released figures showing Dong Nai Province has attracted US$567 million in foreign direct investment (FDI) over the past five months, meeting 61 per cent of its 2013 plan.

According to the department, 15 of the 34 new projects in the province are backed by Japanese investment, with combined registered capital of $162 million, accounting for 60 per cent of the total registered capital.

In light of the tough economic climate, the province is paying special attention to administrative reforms and training to improve the quality of its labour force. In addition, it is investing in infrastructure and services to serve both workers and investors.

The province also organises regular meetings between businesses and managing agencies to tackle difficulties as quickly as possible.

The leading foreign investors in the province include the Republic of Korea, Japan, and Taiwan, as well as ASEAN, European and American countries. — VNS

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