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Ba Ria – Vung Tau lures 160 mln USD in investment

The People’s Committee of the southern province of Ba Ria – Vung Tau granted investment licences to five new projects worth 160 million USD in total.
Ba Ria – Vung Tau lures 160 mln USD in investment ảnh 1Investment licences are granted to five new projects in Ba Ria – Vung Tau on Feb. 16 (Photo: VNA)

Ba Ria – Vung Tau (VNA) – The People’s Committee of the southern province of Ba Ria – Vung Tau granted investment licences to five new projects worth 160 million USD in total.

They include two foreign projects based in the Phu My 3 Industrial Park (IP) and the My Xuan B1 – Tien Hung IP, which are invested by the UK’s Zincox Resources PLC and the Republic of Korea (RoK)’s CJ Cheiljedang Corporation. Three domestic ones are located in the Phu My I IP and Tan Phuoc commune, Tan Thanh district.

At the event, Secretary of the provincial Party Committee Nguyen Hong Linh highlighted the three key investment sectors, which are hi-tech and environmentally friendly industrial projects, logistics services, and tourism.

Additionally, the locality has also actively called for investment in hi-tech agriculture, projects in trade, health care, education and infrastructure facilities.

In 2015, the province drew 12 new foreign invested projects and 20 domestic ones with a total registered and adjusted capital of 550 million USD and 4.25 trillion VND (189.7 million USD).

As of the end of last year, there were 295 foreign projects operating in the locality, totaling nearly 27 billion USD, and 434 domestic projects, worth more than 240 trillion VND (10.7 billion USD).-VNA

VNA
#investment licences #hi-tech agriculture #foreign invested projects #domestic projects Ba Ria - Vung Tau
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