Dong Nai ranks third for FDI attraction

VOV.VN - The southern province of Dong Nai currently ranks third among localities nationwide for attracting foreign direct investment (FDI), only behind Ho Chi Minh City and Binh Duong, according to the provincial Department of Planning and Investment.

The province has so far drawn in more than 1,850 FDI projects with a combined registered capital of US$33.4 billion, including nearly 1,400 current projects which have a total investment of more than US$28.3 billion.

Since the beginning of the year, it has attracted nearly US$1.6 billion worth of FDI capital, surpassing nearly 60% of this year’s target. Of the figure, nearly US$804 million came from 101 new projects and more than US$789 million was received from 87 existed ones.

The Republic of Korea (RoK), Japan and Taiwan (China) are the top foreign investors in Dong Nai.

With 377 projects having a total registered capital of around US$5.8 billion, the RoK topped the list of foreign investors in the province. Korean businesses have invested in a range of different fields in the province such as industry, services, logistics, and agriculture. The RoK’s investment in Dong Nai has increased at a fast pace over the past five years.

Dong Nai has been able to keep an open dialogue and organize meetings with foreign investors, particularly Korean investors, every year in order to help them handle any difficulties they may have in operating in the region.

Lim Jae Hoon, the RoK Consul General in HCM City, said Korean businesses have received significant support from local authorities. Some major Korean groups have invested in Dong Nai such as Hyosung, Samsung, CJ, Changshin, and LG. In addition to these companies, the province has signed cooperation deals across a wide range of fields with the RoK’s Gyeongnam province.

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