Dong Nai province has attracted US$588.2 million in foreign direct investment (FDI) as of June 1, nearly 70% of the yearly target, the provincial Department of Planning and Investment has reported. 

The figure represents a 40% increase over FDI generation over the same period last year, and includes US$248 million in newly registered capital and US$340 million in supplementary capital.

Notably, since early this year, only one FDI project was revoked due to sluggish implementation, with US$4.3 million withdrawn.

To date, the aggregate number of FDI projects that have been licensed is 1,424 projects with a total investment of US$24.96 billion, including 1,106 valid projects with a total capital of US$20.59 billion.

According to Mai Van Nhon, deputy head of the management board of Dong Nai industrial zone, Dong Nai is planning to send a delegation to the US to appeal for investment in the province. They will work with Wal-Mart to call for investment in retail trade, supermarket and material production to serve the garment and footwear industries in the province, he said.

Nhan Dan Online