The southern province of Dong Nai drew US$735 million worth of foreign direct investment in the first seven months of 2007, an annual increase of 73.7 percent.
In the reviewed period, the province approved 73 new investments with total capital of US$423 million, while additional capital poured into operational projects hit US$313 million, said the provincial Department of Planning and Investment.
Dong Nai is currently home to 798 investment projects with a combined registered capital of US$9.7 billion.
“Administrative reforms in the province have created favourable conditions for foreign and local investors. Dong Nai has reduced import-export and investment licensing time to between three and five days, from the 15 days it previously took,” said Bo Ngoc Thu, Director of the Planning and Investment Department.
He added, “the provincial People’s Committee has encouraged investment in the fields of high technology, infrastructure, culture, health and trading services”.
Dong Nai is expected to have 32 industrial zones by 2010 on a total area of 11,800 ha.
The province will see vigorous growth till the end of this year with annual export turnover forecast at more than US$5 billion or 10 percent of the national figure.
Dong Nai is currently home to 798 investment projects with a combined registered capital of US$9.7 billion.
“Administrative reforms in the province have created favourable conditions for foreign and local investors. Dong Nai has reduced import-export and investment licensing time to between three and five days, from the 15 days it previously took,” said Bo Ngoc Thu, Director of the Planning and Investment Department.
He added, “the provincial People’s Committee has encouraged investment in the fields of high technology, infrastructure, culture, health and trading services”.
Dong Nai is expected to have 32 industrial zones by 2010 on a total area of 11,800 ha.
The province will see vigorous growth till the end of this year with annual export turnover forecast at more than US$5 billion or 10 percent of the national figure.
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