Expanding Investments in Dong Nai
17:13 | 27/07/2019

VGP – Foreign direct investment (FDI) in the southern province of Dong Nai topped US$1.14 billion in seven months of this year, or 114% of the 2019 target, According to the provincial Department of Planning and Investment.

Newly-licensed projects focus on high-tech and support industry that suit the province’s investment attraction policy. 

Up to 55 foreign-invested projects were licensed with a total registered capital of over US$ 537 million while 64 others registered additional capital of upwards US$ 604 million.

Currently, the province is home to 1,940 foreign-invested projects worth US$34.92 billion, mostly by those from 45 countries and territories, including the Republic of Korea, Taiwan (China) and Japan as the top investors.

In the last few years, Dong Nai province, in the center of the Southern Key Economic zone, has seen a growing interest from foreign investors. With a gross regional domestic product (GRDP) of 8%, high per capita income, and growing trade surplus, Dong Nai’s economy will continue to expand in 2019 and be a priority for foreign investors.

Dong Nai with its efficient road networks, seaports, railway lines, and proximity to Ho Chi Minh City’s Tan Son Nhat International Airport, makes it a convenient location for foreign investors and businesses.

In addition, the province has the convenience of waterway routes and seaports for international trade because of the Dong Nai river that moves goods from Dong Nai to its neighboring regions such as Binh Duong and Ba Ria-Vung Tau.

Future  infranstructure projects such as the Bien Hoa-Vung Tau railway and expressway, Ben Luc-Long Thanh-Dau Giay Highway, Long Thanh International Airport, and a deep-water port would continue to support the growing economy and increase connectivity with the neighboring regions.

By Vien Nhu

 

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