Authorities of Ba Ria-Vung Tau province handed over nine investment licences to investors on February 14 (Photo: VNA) Ba Ria-Vung Tau (VNA) – The southern province of Ba Ria-Vung Tauon February 14 handed over nine investment licences worth over 9.9 trillion VND(425.7 million USD) and nearly 163 million USD to investors.
The most noteworthy projects licensed are the 115 million USD instant coffeeproduction plant of Japan’s Marubeni Group; the 12.62 million USD liquefiednatural gas (LNG) plant of PVGAZPROM Natural Gas for Vehicles, a joint Russian-Vietnamese company; and the 35 million USDcement additive production plant by CHC Vietnam.
Other projects include the Da Bac 4 solar power plant, worth 1.09 trillion VND(46.87 million USD) of Dong A Chau Duc JSC, and the 175 billion VND (7.5million USD) speedboat project linking Vung Tau city with Con Dao island of PQExpress JSC.
The same day, the provincial People’s Committee supported plans to establish ahigh-tech industrial, urban, and service area with a total registered capitalof 7.21 trillion VND (310.03 million USD). It also backed the expansion of theB1 Conac industrial park with an investment of over 1 trillion VND (43 millionUSD).
Nguyen Hong Linh, Secretary of the provincial Party Committee, said Ba Ria-VungTau will call for capable and experienced investors in major projects in 2019,focusing on the five pillars of industry, seaports,logistics for sea ports, tourism, and high-tech agriculture.
The province will continue to accompany businesses and investors, reformadministrative procedures, improve the local investment environment, andincrease dialogues with investors and enterprises, said Nguyen Van Trinh,Chairman of the provincial People’s Committee.
Statistics show that the province’s economy grew 7.2 percent in 2018, a recordpace over the past eight years.
During 2018, the locality attracted 44 foreign and 59 domestic projects with a combinedinvestment amounting to about 1.9 billion USD and 18.76 trillion VND (806.68million USD) respectively, ranking second nationwide in new FDI projectattraction.
The province has, to date, accommodated 351 valid FDI and 521 domestic projects,valued at 27.3 billion USD and 276 trillion VND (11.8 billion USD) respectively.
On the occasion, firms based in Ba Ria-Vung Tau contributed over 7 billion VND (301,000USD) to local social welfare activities. –VNA
The most noteworthy projects licensed are the 115 million USD instant coffeeproduction plant of Japan’s Marubeni Group; the 12.62 million USD liquefiednatural gas (LNG) plant of PVGAZPROM Natural Gas for Vehicles, a joint Russian-Vietnamese company; and the 35 million USDcement additive production plant by CHC Vietnam.
Other projects include the Da Bac 4 solar power plant, worth 1.09 trillion VND(46.87 million USD) of Dong A Chau Duc JSC, and the 175 billion VND (7.5million USD) speedboat project linking Vung Tau city with Con Dao island of PQExpress JSC.
The same day, the provincial People’s Committee supported plans to establish ahigh-tech industrial, urban, and service area with a total registered capitalof 7.21 trillion VND (310.03 million USD). It also backed the expansion of theB1 Conac industrial park with an investment of over 1 trillion VND (43 millionUSD).
Nguyen Hong Linh, Secretary of the provincial Party Committee, said Ba Ria-VungTau will call for capable and experienced investors in major projects in 2019,focusing on the five pillars of industry, seaports,logistics for sea ports, tourism, and high-tech agriculture.
The province will continue to accompany businesses and investors, reformadministrative procedures, improve the local investment environment, andincrease dialogues with investors and enterprises, said Nguyen Van Trinh,Chairman of the provincial People’s Committee.
Statistics show that the province’s economy grew 7.2 percent in 2018, a recordpace over the past eight years.
During 2018, the locality attracted 44 foreign and 59 domestic projects with a combinedinvestment amounting to about 1.9 billion USD and 18.76 trillion VND (806.68million USD) respectively, ranking second nationwide in new FDI projectattraction.
The province has, to date, accommodated 351 valid FDI and 521 domestic projects,valued at 27.3 billion USD and 276 trillion VND (11.8 billion USD) respectively.
On the occasion, firms based in Ba Ria-Vung Tau contributed over 7 billion VND (301,000USD) to local social welfare activities. –VNA
VNA
