Ba Ria-Vung Tau targets 14 bln USD in investment
Industrial zones (IZs) in the southern
province of Ba Ria-Vung Tau have set the target of attracting 222
projects with combined investment of over 14 billion USD by the end of
2010, a local official said.
Industrial zones (IZs) in the southern
province of Ba Ria-Vung Tau have set the target of attracting 222
projects with combined investment of over 14 billion USD by the end of
2010, a local official said.
The figures are expected to include 109 projects totalling almost 3.5 billion USD invested by domestic businesses, and 113 foreign-invested projects worth over 10.5 billion USD, said Head of the provincial IZ management board Le Minh Chau.
In 2010 alone, the official said, the province expects to draw in 17 projects with a total investment capital of 1 billion USD.
Looking back at the investment attraction in 2009, Chau noted with pleasure that, despite adverse impacts of the global financial crisis, the province’s IZs reaped encouraging results, raking in nearly 1.4 billion USD, or 300 million USD higher than the set yearly target.
The results were attributable to Ba Ria-Vung Tau’s favourable location in the southern key economic region, which produces up to 47.4 percent of the country’s industrial output and is the largest market for industrial products, he elaborated.
The official cited available deep seaports and natural gas supply system as the province’s big advantages in appealing to heavy industry and gas-consuming projects, including steel, fertiliser, mechanical manufacturing, electricity and building materials.
In 2009, the licensed projects disbursed an estimated 560 million USD, up 30.6 percent against the previous year, bringing the total disbursed investment to 4.78 billion USD by the end of 2009, equivalent to 37.2 percent of the registered capital.
Regarding this year’s directions, Chau said the board will focus on removing obstacles and supporting investors in implementation of projects, along with promoting the inflow of investment in 2010.
According to the official, the province is planning to dole out 724 billion VND (39 million USD) for site clearance compensation, 780 billion VND (42 million USD) for building infrastructure in IZs and another 390 billion VND (21 million USD) for upgrading roads to IZs./.
The figures are expected to include 109 projects totalling almost 3.5 billion USD invested by domestic businesses, and 113 foreign-invested projects worth over 10.5 billion USD, said Head of the provincial IZ management board Le Minh Chau.
In 2010 alone, the official said, the province expects to draw in 17 projects with a total investment capital of 1 billion USD.
Looking back at the investment attraction in 2009, Chau noted with pleasure that, despite adverse impacts of the global financial crisis, the province’s IZs reaped encouraging results, raking in nearly 1.4 billion USD, or 300 million USD higher than the set yearly target.
The results were attributable to Ba Ria-Vung Tau’s favourable location in the southern key economic region, which produces up to 47.4 percent of the country’s industrial output and is the largest market for industrial products, he elaborated.
The official cited available deep seaports and natural gas supply system as the province’s big advantages in appealing to heavy industry and gas-consuming projects, including steel, fertiliser, mechanical manufacturing, electricity and building materials.
In 2009, the licensed projects disbursed an estimated 560 million USD, up 30.6 percent against the previous year, bringing the total disbursed investment to 4.78 billion USD by the end of 2009, equivalent to 37.2 percent of the registered capital.
Regarding this year’s directions, Chau said the board will focus on removing obstacles and supporting investors in implementation of projects, along with promoting the inflow of investment in 2010.
According to the official, the province is planning to dole out 724 billion VND (39 million USD) for site clearance compensation, 780 billion VND (42 million USD) for building infrastructure in IZs and another 390 billion VND (21 million USD) for upgrading roads to IZs./.
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