Business

Ba Ria – Vung Tau’s 11-month FDI attraction posts annual increase of 93.8%

The southern province of Ba Ria-Vung Tau attracted nearly 1.38 billion USD in foreign direct investment (FDI) in the first 11 months of this year, an increase of 93.8% compared to the same period last year.
Ba Ria – Vung Tau’s 11-month FDI attraction posts annual increase of 93.8% ảnh 1A wastewater treatment plant in Phu My 3 industrial park in Ba Ria-Vung Tau province. (Photo: VNA)

Ba Ria-Vung Tau (VNA) – The southern provinceof Ba Ria-Vung Tau attracted nearly 1.38 billion USD in foreign directinvestment (FDI) in the first 11 months of this year, an increase of 93.8%compared to the same period last year.

According to the provincial People’s Committee, in 11months, the province attracted 21 FDI projects worth nearly 867 million USD.Meanwhile, 30 projects raised their investment capital by a total of over 510million USD.

By November 2023, Ba Ria-Vung Tau was home to 457 foreign-investedprojects with a total registered investment capital of more than 31.5 billionUSD.

However, the inflow of domestic investment into the province dropped in the first 11 months of this year, with 15.86 trillion VND (653 million USD) registered, equal to just 68.8% of that of the same period last year. There were only 12new projects with a total registered capital of 1.4 trillion VND, equal to10.2% of the same period last year./.

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