RoK firm invests 1.2 billion USD in Ba Ria-Vung Tau
The Hyosung Chemical Corporation from the Republic of Korea (RoK) has received approval to build both a polypropylene-producing factory and a liquefied petroleum gas (LPG) underground storage space in Cai Mep Industrial Zone in the southern province of Ba Ria-Vung Tau.
At the event (Source: VNA) Ba Ria - Vung Tau (VNA)
– The Hyosung Chemical Corporation from the Republic of Korea (RoK) has
received approval to build both a polypropylene-producing factory and a liquefied
petroleum gas (LPG) underground storage space in Cai Mep Industrial Zone in the
southern province of Ba Ria-Vung Tau.
The project will cover an area of 61ha, with total investment worth more than 1.2 billion USD.
According to the management board of the Ba Ria-Vung Tau industrial zones, the project’s duration will be 34 years. The underground storage facility will be completed by late 2020 and become operational by the beginning of the following year.
It is the largest-scale project to have received operation approval amongst the province’s industrial zones.
To date, there are 362 investment projects operating in the Ba Ria-Vung Tau industrial zones, with total capital exceeding 18.2 billion USD. The province lured an additional 2.1 billion USD from 42 projects in the first eight months of the year. –VNA
The project will cover an area of 61ha, with total investment worth more than 1.2 billion USD.
According to the management board of the Ba Ria-Vung Tau industrial zones, the project’s duration will be 34 years. The underground storage facility will be completed by late 2020 and become operational by the beginning of the following year.
It is the largest-scale project to have received operation approval amongst the province’s industrial zones.
To date, there are 362 investment projects operating in the Ba Ria-Vung Tau industrial zones, with total capital exceeding 18.2 billion USD. The province lured an additional 2.1 billion USD from 42 projects in the first eight months of the year. –VNA
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
Business
Petrol prices increase slightly on April 17
The retail prices of petrol were adjusted up from 3pm on April 17 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Central Highlands provinces seek closer trade, investment ties with India
A business and investment conference was held in Dak Lak province’s Buon Ma Thuot city on April 17 with the aim of enhancing connectivity between Indian firms and Central Highlands provinces.
Business
Foreign purchasers show interest in five product groups of Vietnam
Foreign hypermarkets, retail distributors and international buying group registering to join the Vietnam International Sourcing 2024 have shown interest in five groups of Vietnamese products, namely foodstuff, textiles and fashion accessories; shoes, backpacks, bags and accessories; sporting goods and equipment; and household appliances and furniture.
