Authorities in the southern coastal province of Ba Ria-Vung Tau awarded nine investment certificates to domestic and foreign projects with a combined capital of 123 million USD at a Spring Investment Fair on February 27.

The new licences include two Japanese projects with 20 million USD in capital operating in steel manufacturing.

Looking forward, Ba Ria-Vung Tau will prioritise investment in the support industry, logistics, sea ports, human resources, tourism, and service sectors, according to Secretary of the provincial Party Committee Nguyen Tan Minh.

So far, the province has attracted 290 foreign and 424 domestic investment projects with a total registered capital of nearly 27 billion USD and 230 trillion VND (10.7 billion USD), respectively.

At the investment fair, a contract-signing ceremony for Phase A2 of the Grand Ho Tram Strip project was held by the domestic contractor Coteccons and the investor Ho Tram Company Ltd.

Grand Ho Tram Strip is situated across 164 hectares in Xuyen Moc District, Ba Ria Vung Tau province with total investment of 4.2 billion USD.-VNA