Việt Nam News

Đồng Nai continues to lure foreign investment

April 04, 2017 - 16:49

Southern province of Đồng Nai attracted US$314 million in foreign investment (FDI) in Q1 2017, up 53.4 per cent year-on-year and reaching 31.4 per cent of its yearly plan.

Southern province of Đồng Nai attracted US$314 million in foreign investment (FDI) in Q1 2017. - VNA Photo

Viet Nam News

ĐỒNG NAI — Southern province of Đồng Nai attracted US$314 million in foreign investment (FDI) in Q1 2017, up 53.4 per cent year-on-year and reaching 31.4 per cent of its yearly plan.

This was announced by the provincial Department of Planning and Investment.

Some $137 million of the investment was registered to be poured into 15 newly-approved projects, while $177 million was added to 16 existing projects.

From the start of this year, new projects came mainly from the Republic of Korea (RoK), Japan, Singapore, British Virgin Islands and Germany.

According to the Department of Planning and Investment, invested projects in Đồng Nai focused on the locality’s priority fields such as high technology, support industry and environmentally friendly projects.

To date, a total of 1,679 FDI projects have been introduced in the province with combined capital of $30.6 billion - 1,262 valid projects worth $25.7 billion and 417 projects worth $4.8 billion that were revoked.

These projects came from 45 countries and territories, with the RoK, Taiwan (China) and Japan being the leading investors. — VNS

Tags FDI Đồng Nai Province

Ministry proposes extending agricultural land tax exemption through 2030

Economy

Year-end stimulus expected to boost economic growth

Economy

UK a niche market for Vietnamese speciality coffee

Economy

Calls for reforms to shorten VAT refund wait time

Economy

Fed’s foreseen rate cuts affect foreign exchange rate

Economy

Vietnamese Goods Week 2024 opens in Hà Nội

More on this story

Economy

TV programme “Startup Nation” to air shortly

Việt Nam Television (VTV) and HCM Communist Youth Union on Monday announced a new TV programme titled “Startup Nation,” which is expected to promote startups in Việt Nam.

Economy

Thượng Kon Tum hydropower plant gets additional loans

Vietcombank and Vietinbank have signed revised agreements to provide additional loans of VNĐ1.4 trillion (US$61.67 million) to the Thượng Kon Tum hydropower plant.

Economy

Card payment compulsory soon for e-commerce businesses: MoIT

E-commerce businesses may have to accept card payments as a way to offering more options to pay when shopping online, an official from the Ministry of Industry and Trade said.

Economy

In Việt Nam, ’bigness’ depends on more than size

Economy

Cambodia, Myanmar: opportunities for VN firms

There is a huge opportunity for Vietnamese firms to invest in agriculture in their countries and export agricultural produce to other markets, Cambodian and Myanmarese officials have said.

Economy

Shares remain close to 10-year high

Shares closed almost flat on the two local exchanges yesterday as strong investor selling hit large-cap stocks after the market reached a 10-year high last week.

Economy

KKR pumps second investment $250m in Masan Group

Global investment firm KKR, through its Asian Fund II, has reached an agreement to invest US$250 million in Masan Group Corporation and its branded meat platform Masan Nutri-Science.

Economy

Vietjet records high profit growth in 2016

The low-cost carrier Vietjet recorded revenue of more than VNĐ27.49 trillion (US$1.21 billion) in 2016, up 39 per cent year-on-year, according to its audited financial results released on Monday.

Economy

Việt Nam’s pepper products to be traded on VNX

The Ministry of Industry and Trade (MoIT) has added pepper to the list of commodities traded on the Việt Nam Commodity Exchange (VNX), according to the ministry’s Decision 1071/QĐ-BCT issued last Wednesday.