Vietnam Southern Province Sees Jan-Aug FDI Tripling

The southern province of Dong Nai pulled in over US$2.5 billion in the first eight months of this year, up three folds on year.

 

During that time, the province licensed domestically-invested projects worth VND16 trillion (US$1 billion), up 1.6 per cent compared to the same period of last year.

 

To date, Dong Nai has 947 existing FDI projects totaling US$14.1 billion, ranking third nationwide in attracting FDI, just behind Ho Chi Minh City and Ba Ria-Vung Tau.

 

The province was among Vietnam’s six localities attracting attracted over US$1 billion FDI last year, the Foreign Investment Department under the Ministry of Planning and Investment said. It stood second in the list with US$2.7 billion, after Ho Chi Minh City with US$2.8 billion.

 

Dong Nai now tops the country in the number of industrial park with 27 cover more than 7,000 hectares, of which, 55 per cent are filled by projects. (People’s Army)