Ba Ria – Vung Tau lures US$160 mln in investment
The People’s Committee of the southern province of Ba Ria – Vung Tau granted investment licences to five new projects worth US$160 million in total.
They include two foreign projects based in the Phu My 3 Industrial Park (IP) and the My Xuan B1 – Tien Hung IP, which are invested by the UK’s Zincox Resources PLC and the Republic of Korea (RoK)’s CJ Cheiljedang Corporation. Three domestic ones are located in the Phu My I IP and Tan Phuoc commune, Tan Thanh district.
At the event, Secretary of the provincial Party Committee Nguyen Hong Linh highlighted the three key investment sectors, which are hi-tech and environmentally friendly industrial projects, logistics services, and tourism.
Additionally, the locality has also actively called for investment in hi-tech agriculture, projects in trade, health care, education and infrastructure facilities.
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| Investment licences are granted to five new projects in Ba Ria – Vung Tau on February 16 |
Additionally, the locality has also actively called for investment in hi-tech agriculture, projects in trade, health care, education and infrastructure facilities.
In 2015, the province drew 12 new foreign invested projects and 20 domestic ones with a total registered and adjusted capital of US$550 million and VND4.25 trillion (US$189.7 million).
As of the end of last year, there were 295 foreign projects operating in the locality, totaling nearly US$27 billion, and 434 domestic projects, worth more than VND240 trillion (US$10.7 billion).
