57 FDI projects land in Dong Nai province

The southern province of Dong Nai attracted 57 foreign direct investment (FDI) projects with registered capital of over US$1.1 billion in the first seven months of this year, said the provincial Department of Planning and Investment.

Among the projects, 54 were in industrial zones and three others were invested outside the zones. 

There were also 47 FDI projects requesting for additional capital worth a combined US$139.96 million.

Hyosung Corporation, a conglomerate from the Republic of Korea (RoK), owns the largest new project with US$660 million invested in a textile-garment plant in Nhon Trach district. Thai Amata Corporation followed Hyosung with a US$282 million project in Long Thanh hi-tech park.

A number of enterprises from the United Arab Emirates, Singapore, Taiwan (China) and the US have come to the province to study the local policies and potential sectors for investment.

According to the provincial department, by the end of July the province was home to 1,153 projects worth over US$22.7 billion invested by 43 countries and territories worldwide.

Taiwan is currently the biggest investor in the locality with 278 projects valued at nearly US$4.9 billion, followed by the RoK with projects worth US$4.7 billion, Japan with US$3.5 billion, Singapore with US$2 billion and the British Virgin Islands with US$1.2 billion. 

Industrial parks in the province currently house some 843 FDI projects, which raked in a combined US$6.75 billion in revenue in the first two quarters of the year, rising nearly 9% against the same period in 2014. Of the total, export vale reached US$3.8 billion (up US$293 million) while domestic sales stood at US$2.95 billion (up US$246 million).
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