Southern Dong Nai province has attracted US$567 million in foreign direct investment (FDI) over the past five months, meeting 61% of its 2013 plan.
According to the provincial Department of Planning and Investment, 15 of the 34 new projects in the province are invested by Japanese businesses with combined registered capital of US$162 million, accounting for 60% of the total registered capital.
So far, Dong Nai has licensed 1,343 projects capitalised at US$23.4 billion, of which 1,034 are valid worth more than US$19 billion.
The leading foreign investors in the province include the Republic of Korea, Japan, and Taiwan, as well as ASEAN, European and American countries.
Dong Nai is prioritising high-tech companies and support industries, particularly those that are environmentally friendly with high added value and create many jobs for local people. It has also stopped granting licences to projects that cause water pollution.
In the current difficult economic situation, the province is paying special attention to administrative reforms and training to improve the quality of its labour force. In addition, it has invested in infrastructure and services to serve both workers and investors.
The province also organises regular meetings between businesses and managing agencies in order to deal with difficulties as quickly as possible.