21 foreign investment projects to be licensed

Industry and Enterprises

Over the first eight month of 2009, the total registered capital for 21 foreign investment projects and for 24 projects with a capital increase has reached US$483.2 million, equal to 19% of the same period, accounting for 24.2% of the year plan.

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Particularly, there are 21 newly-licensed projects with a total capital of US$256.9 million and 24 projects with a capital increase of US$226.3 million. So far, Dong Nai has had 970 valid investment certificates with a total capital of US$15.25 billion. These figures indicate that foreign investment attraction has slowed down in recent years. This slowdown is due to the world’s economic recession, government policies, no more preferential treatment and especially requirements for investing in waste water treatment systems, which have caused a lot of investors to be hesitant to make their investment decisions.

Foreign investment attraction is less strong in 2009 than the previous years whereas domestic investment has skyrocketed. Over the first eight months of 2009, total domestic investment capital in the form of investment certificates has reached VND46.578 trillion, going up by 2.9 times compared to the same period, 2.3 times as much as planned. Up to now, Dong Nai has had 178 domestic investment certificates with a registered capital of VND95.978 trillion.

(Reported by Thanh Tam, Translated by Duy Minh)

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