Asian countries splash out on Dong Nai in 10 months
The Republic of Korea, Japan and China’s Taiwan were the top three investors in the southern province of Dong Nai in the first 10 months of 2016.
During the period, Dong Nai reeled in US$1.75 billion worth of foreign capital, surpassing its yearly plan by 75%.
Of the total, US$1 billion were poured into 79 new projects, while the remaining sum was invested in 77 existing projects.
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The Republic of Korea topped the foreign direct investment (FDI) list with 32 projects worth US$146 million, followed by Japan (11 projects, US$52 million) and Taiwan (9 projects, US$40.5 million).
Notable projects included the Thai-funded Amata Long Thanh city registered at US$309 million and a Korean-funded project by Dong Won Vietnam Co. Ltd at US$60 million.
According to the Department of Planning and Investment, Dong Nai is home to 1,233 valid projects with total capital hitting US$25.5 billion. Investment from the RoK, Taiwan and Japan have been taking the lead among 44 countries and territories investing in the province.
