Dong Nai’s FDI attraction surpasses yearly target by 46%

The Dong Nai Industrial Zones Authority (DIZA) has reported a strong surge in the inflow of foreign direct investment (FDI) into the southern province of Dong Nai in the early months of 2024.

Dong Nai’s FDI attraction surpasses the yearly target by 46%. (Photo: VNA)

As of July 29, the IZs in the province attracted 55 new investment projects with a total capital of 627 million USD, while 67 projects added a total 392 million USD to their capital, bringing the total FDI in the seven-month period to 1.01 billion USD, surpassing the yearly target by 46%.

According to DIZA, Singapore was the leading foreign investor in Dong Nai's industrial zones over the past seven months, pumping 231.7 million USD into nine projects.

The authority noted that the new FDI projects licensed in the first seven months of 2024 primarily involved semiconductor manufacturing, electronic components, mechanical engineering, textiles, and production of pre-cast metal products.

During the same period, DIZA also granted licences for nine domestic investment expansion projects in industrial zones with an additional capital of nearly 1.4 trillion VND (55.5 million USD) and three new domestic projects with registered capital of over 1.5 trillion VND. The total domestic investment in Dong Nai's IZs in the first seven months of 2024 reached 2.9 trillion VND, also surpassing the annual plan by 46%.

Dong Nai currently has 33 established industrial parks covering a total area of over 10,500 hectares. Of these, 32 are operational, housing nearly 2,100 enterprises.

There are nearly 1,600 valid FDI projects in Dong Nai with total capital exceeding 34 billion USD. The top investing countries and territories are the Republic of Korea, China’s Taiwan, and Japan./.

(Source:VNA)