US$1 billion FDI capital poured in Dong Nai during four months

Industrial parks in the southern province of Dong Nai lured over US$960 million foreign direct investment (FDI) capital in the first four months this year, said the province People’s Committee on Wednesday.

Twenty seven new projects were licensed with a total capital of US$790 million and investors of 23 others supplemented an extra of US$170 million.

Among the new projects is a US$660 million one of Turkey’s Hyosung Istabul Tekstil Ltd. The company will built a plant in Nhon Trach 5 Industrial Park, Nhon Trach District to produce and process industrial fibre types and steel fibre for tire manufacturing.

The plant will also make electric engines and components, and transformers. Most of the plant’s products will be for exports.

By Duc Trung – Translated by Hai Mien

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