HÀ NỘI — The southern province of Đồng Nai attracted US$373.2 million in foreign direct investment (FDI) in the first quarter of 2019, an increase of nearly $20 million compared to the same period last year and reaching 37 per cent of the year plan.

During January-March, the province licenced 18 new FDI projects worth $152.6 million, and allowed 20 others to add an extra $220.5 million. 

According to the provincial Department of Planning and Investment, most of the projects are in supporting industry that is high-tech and environmentally friendly.

The Republic of Korea, Japan and Singapore continue to be the leading countries investing in Đồng Nai Province, including some new projects with large capital.

Most notable among them are the Korean-invested Chang Shin Việt Nam factory in Tân Phú Industrial Park (Tân Phú District) with registered capital of $100 million; and Japanese-invested Semba Tohka Việt Nam Co.,Ltd at Long Đức industrial park worth $9.2 million.

Those with additional investment include Hưng Nghiệp Formosa project from Taiwan at Nhơn Trạch II industrial park, and the Republic of Korea’s Hi Knit Co.,Ltd project at Nhơn Trạch 6 industrial park, which got extra capital of $92.7 million and $50 million, respectively.

In addition, Đồng Nai now has 27 enterprises from the United States investing total registered capital of over $207 million, ranking 10th among countries and territories investing in this province.
The province is home to 1,901 FDI projects with total registered capital of $34.1 billion. Of them, 1,400 projects worth $28.9 billion are operational. — VNS