Ba Ria - Vung Tau among top localities in FDI attraction during 2016-2020

Ba Ria - Vung Tau (VNA) - The southern
province of Ba Ria - Vung Tau was one of the leading localities in attracting investment
during 2016-2020, Director of the provincial Department of Planning and
Investment Nguyen Cong Vinh has said.
The average registered capital of each State-owned
enterprise in the province stood at 250 billion VND (10.8 million USD), while the
figures for non-State and foreign-invested enterprises were nearly 9.5 billion
VND (410,445 USD) and 103 million USD, respectively.
Over the past five years, the province granted new licences to 163
foreign-invested and 216 domestic projects with registered capital of 3.2
billion USD and 80 trillion VND, respectively, ranking it fourth out of Vietnam’s
63 cities and provinces in terms of FDI attraction.
Additional capital also went to 96 FDI and 51 domestic projects worth 2.57
billion USD and 14.7 trillion VND, respectively.
The province is now home to 415 FDI projects from 30
countries and territories with registered capital of 29.5 billion USD, as well
as 605 domestic projects worth more than 307 trillion VND.
Some 7,800 new enterprises were established in the province over the last five
years, with total registered capital of over 74 trillion VND, up more than 44
percent and nearly 86 percent, respectively, compared to 2011-2015. There were
also 85 new cooperatives, or 27 percent higher than planned.
Total social investment capital topped 233 trillion
VND during the period, over 17.6 percent of which was from the State budget and
the remainder from businesses./.