Post sponsored by NewzEngine.com

Source: Socialist Republic of Vietnam

Nearly 160 FDI projects were licensed and approved for an increasing in capital in the first ten months of this year with total capital of nearly US$986 million. The provinceis expected to attract an additional US$190 million in FDI in this November, raising total FDI capital in the 11 months to an estimated US$1.18 billion.

According to deputy head of the Dong Nai Industrial Zones Authority Pham Van Cuong, FDI attraction of Dong Nai province has decreased in 2020 due to the complicated developments of the COVID-19 pandemicbut the decrease is not that large and the province’s FDI attraction is still expected to exceed the yearly target.

The FDI capital estimated for November this year is a precise figure because foreign investors have completed thei investment procedures and investment certificates will be granted to them in this month, Cuong said.

Thanks to the effective control of the COVID-19 pandemic, many foreign investors have contacted the Dong Nai Industrial Zones Authority to rent land to establish factories. Thus, Dong Nai’s FDI attraction is expected to increase sharply by the end of this year.

Cuong noted that over the past 10 months, the province saw 98 FDI projects register to increase capital with supplemented capital of over US$700 million, demonstrating the positive performance of foreign investors in the province.

MIL OSI Asia Pacific News