Dong Nai is planning on expanding and opening more industrial zones as the province is seeing more and more foreign investment. — Photo baodongnai Despite COVID-19, foreign direct investment has continued pouring into Dong Nai Province, which plans to expand its industrial zones as space in existing IZs is nearly full. Cao Tien Sy, head of the Dong Nai Industrial Zones Authority, said that as of the end of June, the authority had granted investment certification for 40 new FDI projects worth a total of US$168 million. Fifty-three existing projects also registered more capital of $479 million. The province this year has attracted FDI totally worth $647 million, which is 60 per cent of the year’s target, Sy said. More FDI and domestic businesses have been increasing investment and expanding their projects year-on-year at the province’s industrial parks, he said, adding that many FDI companies are focusing on Viet Nam because of its membership at many free trade agreements. Most of the new projects in the province operate in sectors in which Dong Nai is encouraging more investment. Twenty-two of them are from the supporting industry, and have their capital investment accounting for 72,63 per cent of the total new… Read full this story
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