According to Vice Director of the provincial Department of Planning and Investment Nguyen Huu Nguyen, the local disbursement figure is much higher than those recorded in other cities and provinces nationwide.

Of the total USD 28 billion in FDI accumulated in Dong Nai province so far, USD 20.5 billion has been disbursed.

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Regarding policies to attract further foreign investment in 2019, Deputy Head of the Dong Nai Industrial Zones Authority Mai Van Nhon said that the province will reject any project that is likely to cause environmental pollution or uses out-of-date technology, instead prioritizing clean, green investments.

Before granting investment licenses, local authorities will consider the projects’ production value, labor productivity, and disbursement rate, among others, he added.

The Department of Planning and Investment said that the province is now home to 1,861 FDI projects with a total registered capital of USD 33.63 billion. Among them, 1,379 projects worth some USD 28 billion are operational, while the other 482 have had their licenses withdrawn.

Most of the province’s projects have been run by investors from the Republic of Korea, Japan, and China.

The FDI capital was injected into the supporting industries in the fields of electronics; garment, textiles, and footwear; and the manufacturing of machinery products.

Source: VNA