Cai Mep port in Ba Ria - Vung Tau (Photo: VNA)
Ba Ria - Vung Tau (VNA) - The southernprovince of Ba Ria - Vung Tau was one of the leading localities in attracting investmentduring 2016-2020, Director of the provincial Department of Planning andInvestment Nguyen Cong Vinh has said.
The average registered capital of each State-ownedenterprise in the province stood at 250 billion VND (10.8 million USD), while thefigures for non-State and foreign-invested enterprises were nearly 9.5 billionVND (410,445 USD) and 103 million USD, respectively.
Over the past five years, the province granted new licences to 163foreign-invested and 216 domestic projects with registered capital of 3.2billion USD and 80 trillion VND, respectively, ranking it fourth out of Vietnam’s63 cities and provinces in terms of FDI attraction.
Additional capital also went to 96 FDI and 51 domestic projects worth 2.57billion USD and 14.7 trillion VND, respectively.
The province is now home to 415 FDI projects from 30countries and territories with registered capital of 29.5 billion USD, as wellas 605 domestic projects worth more than 307 trillion VND.
Some 7,800 new enterprises were established in the province over the last fiveyears, with total registered capital of over 74 trillion VND, up more than 44percent and nearly 86 percent, respectively, compared to 2011-2015. There werealso 85 new cooperatives, or 27 percent higher than planned.
Total social investment capital topped 233 trillionVND during the period, over 17.6 percent of which was from the State budget andthe remainder from businesses./.
