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Đồng Nai draws nearly US$690mn in foreign investment

Update: May, 21/2018 - 17:00
Workers at a garment-textile firm in the southern province of Đồng Nai. — Photo VNA
Viet Nam News

ĐỒNG NAI — The southern province of Đồng Nai attracted nearly US$690 million in 76 newly licensed and existing foreign-invested projects up to May 17.

This marks an increase of 143 per cent against the same period last year, fulfilling nearly 70 per cent of the annual target. 

Of the amount, over $346 million were poured into 42 new FDI (foreign direct investment) projects and over $343 million into 34 existing ones, according to the provincial Department of Planning and Investment. 

In May alone, Đồng Nai attracted several new major projects, such as the $40-million project of South Korea’s HI-KNIT company at Nhơn Trạch 6A industrial park, the $33-million project of the Netherlands’ Air Manufacturing Innovation Vietnam at Giang Điền industrial park, the $32-million project of Singapore’s Logistic Property Vietnam at Lộc An-Bình Sơn industrial park and the $29.8-million project of Japan’s Kolmar Vietnam at Long Đức industrial park. 

Some projects with huge amounts of additional capital include the Netherlands’ Bosh Gasoline Systems-HCP plant at Long Thành industrial park, with an addition of over $71 million; Singapore’s OPV Pharmaceutical Joint Stock Company at Biên Hòa 2 industrial park, with over $47.7 million; Japan’s SMC Manufacturing Vietnam at Long Đức industrial park, with $47 million and Belgium’s Terumo BCT Vietnam at Long Đức industrial park with $30 million. 

According to the provincial Department of Planning and Investment, the locality prioritises projects applying advanced and eco-friendly technology and requiring skilled labour as well as those in the supporting industry. 

So far, Đồng Nai has attracted 1,792 FDI projects, with a total registered capital of $32.5 billion, of which 1,323 projects worth $27.46 billion are still valid. 

The projects have received investment from 45 countries, with South Korea, China’s Taiwan and Japan being the largest investors. 

Overseas investors are interested in the fields of industry, logistics, energy and technical infrastructure. 

Vice chairman of the provincial People’s Committee Trần Văn Vĩnh said local authorities will push for administrative reforms to reduce time and expenses for businesses. 

The committee and relevant units, such as customs, taxation and planning and investment, will maintain periodical dialogues with enterprises to listen to their problems and discuss measures to improve operational efficiency, Vĩnh said. — VNS



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