Dong Nai attracts huge foreign investment into auxiliary industry

VGP – Since early 2016, the southern province of Dong Nai attracted 33 foreign projects, including 15 projects in auxiliary industry and two ones in mechanics and garment, according to the Management Board of Dong Nai industrial zones.

April 21, 2016 10:11 AM GMT+7

Illustration photo

The province attracted US$580 million in Foreign Direct Investment (FDI) in three months while setting the target of attracting US$1 billion in FDI for the whole year.

Of the figure, 33 newly-registered projects were worth more than US$240 million, up 200% and 28 ones were added with US$340 million.

Among 33 newly-registered projects, nearly half were focused on the auxiliary industry, which shows the effectiveness of the province’s investment policies.

To launch auxiliary industry projects, foreign investors will invest in modern machines and create a professional environment, which helps increase capacity and domestic production effectiveness and reduce the imports of spare parts.

By Thuy Dung