Dong Nai remains magnet for foreign investors

Industrial parks in the southern province of Dong Nai continued to see a strong influx of foreign direct investment (FDI) in the first months of this year, which has surpassed the yearly target by nearly 20%. The Dong Nai Industrial Zones Authority (DIZA) said the parks have lured 40 FDI projects worth 519 million USD so far this year, while 39 others have adjusted their capital up by 315 million USD. Singapore was the biggest investor with nine projects valued at 231.73 million USD, the DIZA said. Dong Nai, a neighbouring province of the southern largest economic hub ò Ho Chi Minh City, houses 33 industrial zones covering more than 10,500 hectares, of them 32 already operational. It is home to nearly 1,600 valid FDI projects with a total capital of over 34 billion USD by 44 countries and territories. Source: Vietnam News Agency