Dong Nai: FDI attraction surpasses yearly target

The southern province of Dong Nai attracted about US$ 1.57 billion in foreign direct investment (FDI) capital from the beginning of this year to August 20, up 70 percent compared to the same period last year and surpassing this year’s target by 57 percent.

Illustrative image (Source: VNA)

According to the provincial Department of Planning and Investment, $1.23 billion was poured into 68 new projects and $337 million went into 22 existing projects as registered additional capital.

The Republic of Korea’s (RoK) Hyosung Dong Nai Limited Company put up the largest investment capital with over $600 million in the period.

The majority of investors have primarily employed green and environmentally-friendly technologies in accordance with the province’s long-term plans, said the department.

In the first 8 months of this year, disbursement of existing projects recorded a year-on-year rise of 5.3 percent to hit $800 million, reaching 73 percent of the yearly target.

By August 20, the province had licensed 1,517 FDI projects with total investment capital of nearly $27.67 billion, 1,161 of which are operating with total capital of $23.16 billion.

Source: VNA

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.