Ba Ria-Vung Tau ranks third in FDI attraction in seven months
The southern province of Ba Ria-Vung Tau ranked third among cities and provinces nationwide in FDI attraction with about 2.15 billion USD landing into local projects since the beginning of 2018.
The southern province of Ba Ria-Vung Tau ranked third among cities and provinces nationwide in FDI attraction with about 2.15 billion USD landing into local projects since the beginning of 2018 (Photo: VNA)Ba Ria-Vung Tau (VNA) – The southern province of Ba Ria-Vung Tau ranked third among cities and provinces nationwide in FDI attraction with about 2.15 billion USD landing into local projects since the beginning of 2018.
The amount presented an increase of 30.6 percent against the same period last year. It included over 320 million USD added into 30 operational projects, such as a brewery with an annual capacity of 610 million litres of beer of the Heineken Vietnam Brewery at the My Xuan A Industrial Park, a steel manufacturing project of the Nippon Steel and Sumikin Pipe Vietnam and a kitchen appliance project of Kasmain Vietnam.
The province is currently home to 360 FDI projects with a total registered capital of more than 28 billion USD.
The province has attracted a number of large FDI projects suitable to its strategy to develop key industries like food processing, mineral processing, textile and garment and solar power.
To facilitate foreign investors in the province, local authorities pledged to continue improving business climate and intensify public administration reforms by streamlining unnecessary procedures.
Ba Ria-Vung Tau has set up an inter-sectoral working group to support investors in investment procedures while the provincial leaders have held regular meetings with local departments to promptly help enterprises resolve difficulties.
According to Director of the provincial Department of Planning and Investment Le Hoang Hai, the southern locality aims to lure 80 FDI projects worth an estimated 40 billion USD, and 90 domestic ones with a combined registered capital of about 100 trillion VND (4.29 billion USD) from 2017 – 2020. –VNA
The amount presented an increase of 30.6 percent against the same period last year. It included over 320 million USD added into 30 operational projects, such as a brewery with an annual capacity of 610 million litres of beer of the Heineken Vietnam Brewery at the My Xuan A Industrial Park, a steel manufacturing project of the Nippon Steel and Sumikin Pipe Vietnam and a kitchen appliance project of Kasmain Vietnam.
The province is currently home to 360 FDI projects with a total registered capital of more than 28 billion USD.
The province has attracted a number of large FDI projects suitable to its strategy to develop key industries like food processing, mineral processing, textile and garment and solar power.
To facilitate foreign investors in the province, local authorities pledged to continue improving business climate and intensify public administration reforms by streamlining unnecessary procedures.
Ba Ria-Vung Tau has set up an inter-sectoral working group to support investors in investment procedures while the provincial leaders have held regular meetings with local departments to promptly help enterprises resolve difficulties.
According to Director of the provincial Department of Planning and Investment Le Hoang Hai, the southern locality aims to lure 80 FDI projects worth an estimated 40 billion USD, and 90 domestic ones with a combined registered capital of about 100 trillion VND (4.29 billion USD) from 2017 – 2020. –VNA
You should also see
April 30 Victory – Glorious milestone in national history
The Liberation of the South Day (April 30) is an occasion of great significance for all Vietnamese people. Every year, on this day, when national flags colour streets and every corner with red, the whole country recalls memories of the day to show their gratitude to older generations who devoted their lives for national freedom and independence.
See more
Business
Kien Giang prioritising agricultural production towards resilience
The Mekong Delta province of Kien Giang is among localities significantly impacted by climate change, particularly drought and saltwater intrusion. In response to these pressing issues, it has prioritised agricultural production with a focus on resilience, developing various production models tailored to its circumstances.
Business
Vietnamese, Chinese, Lao localities promote tourism cooperation
More than 150 representatives from domestic tourism businesses and firms from China’s Yunnan province and Laos’ Vientiane city have shared experience and proposed measures to boost cooperation at a conference held in Sa Pa resort town, the northern province of Lao Cai.
Videos
Businesses bullish on Q2 outlook: GSO
Processing and manufacturing enterprises have forecast better performance in Quarter 2 despite global headwinds posed by conflicts and high production costs, according to a survey by the General Statistics Office of Vietnam.
Business
Four-month public investment disbursement reaches 14.66% of target
The disbursement of public investment in the first four months of this year was estimated to meet 14.66% of the set target and 15.65% of the plan assigned by the Prime Minister, according to the Ministry of Finance.
Business
Vietnam secures remarkable economic successes since national reunification
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.
