According to the provincial Department of Planning and Investment, among the total, $22.7 million were invested in four new projects while the rest was added to three underway projects.
Dong Nai has so far hosted 1,754 FDI projects worth $31.9 billion
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Major projects are August Sport Company, a branch of the All Wells International – British Virgin Islands in Tam Phuoc industrial park of Long Thanh district with investment of $5 million, and the $2-million Vietnam Global Production Company under the Jacon Investment Holdings Pte Limited of Singapore in Nhon Trach 2 industrial park, Nhon Phu district.
The department said that Dong Nai has so far hosted 1,754 FDI projects worth $31.9 billion.
The projects are invested by investors from 45 countries and territories. The Republic of Korea, Taiwan (China) and Japan are leading the investors.
The province attracted over $1.3 billion in FDI capital in 2017, $300 million higher than the set target.
In recent years, Dong Nai has given priority to FDI projects using hi-tech, skilled laborers and are environment-friendly.
Thanks to efforts to renovate administrative procedures and good business climate, Dong Nai has been a bright spot in foreign investment attraction and many enterprises have made success doing business in the province.
Vice Chairman of the provincial People’s Committee Tran Van Vinh has recently also reaffirmed that the province commits to creating favorable conditions for enterprises doing business in the province for mutual benefits.
Vinh said that Dong Nai has advantages in terms of natural, economic and social conditions. With stable and high economic growth at an average 13% per year, Dong Nai is one of the leading industrial localities in Vietnam, he said, adding that the province is also in the development triangle of HCM City-Binh Duong-Dong Nai, which is Vietnam’s most dynamic economic region.
According to Vinh, the province accounted for 9-10% of the nation’s export revenues with key staples like garments, footwear, coffee, rubber, cashew and pepper.
In 2018, Dong Nai has targeted enhancing its economic restructuring, promoting economic growth with higher productivity and increasing businesses’ competitiveness. It will also further improve the business environment and focus on high quality human resources training.
The provincial People’s Committee forecast that its economic growth in 2018 would continue to be positive thanks to increase in manufacturing, trade, construction, retail and tourism.
It is expected that investment in key projects such as the Ben Luc-Long Thanh-Dau Giay Highway and the upgraded Long Thanh International Airport would facilitate the province’s development.
Dong Nai has targeted GRDP of 8-9%, average income per capita of VND94-96 million and export turnover increase of 9-11% in 2018.
