Ba Ria-Vung Tau licenses nine new projects
The southern coastal province of Ba Ria-Vung Tau granted investment licenses to nine new projects, including two foreign-invested worth US$61 million, on February 8.
The two FDI projects are a US$34 million trade centre, invested by Lotte Vietnam of the Republic of Korea and a fertilizer plant worth US$27 million with investments from Behn Meyer Agricare Vietnam of Germany.
Seven locally-invested projects are capitalized at over VND6 trillion (US$285.7 million).
According to Nguyen Tuan Minh, Secretary of the provincial Party Committee, the province will prioritize investment poured in the support industry for the mechanic engineering, electricity-electronics and chemical sectors.
In 2013, Ba Ria-Vung Tau attracted 13 FDI projects worth US$217 million and 29 others invested by local businesses capitalising at VND14 trillion (US$666.6 million).