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Investment certificate granting ceremony |
In terms of attracting foreign
investment capital, newly-registered projects and those with capital increase in
the first half of 2011 hit US$360 million, accounting for 24 percent as planned,
as much as 68.3 percent over the same period.
Amount disbursed in the first
half of 2011 reached US$310 million.
In terms of attracting domestic
investment capital, in the first half of 2011 projects granted investment
certificates hit VND6 trillion, accounting for 20 percent as planned, up by 24.7
percent over the same period.
Why little domestic and foreign investment capital was attracted in the first
half of 2011 was due to the impact of inflation, tightened credit, and
restricted loans for real estate projects.
On the one hand, issues regarding
land procedures, incomplete infrastructure, and tax policies are major barriers
against attracting investment.
On the other hand, Dong Nai is
giving priority to selecting high-tech and industrial support products making
projects, and limited projects that cause environmental pollution and need a lot
of laborers.
The global economic downturn in
2009-2010 period and the impact of earthquakes and tsunamis in Japan have caused
many a difficulty for foreign investors, making the flow of investment capital
into Dong Nai slower than expected.
Reported by Hoang Yen,
Translated by Duy Minh