Vietnam Southern Province Licenses US$5.47 Bln Projects
Vietnam's southern province of Ba Ria-Vung Tau on February 3 licensed 12 investment projects valued at US$5.47 billion in total.
The projects include seven FDI projects totaling US$5 billion and five domestically-invested ones worth roughly VND8 trillion (US$473.4 million).
Notably, Winvest Investment Vietnam got OK to invest US$4.1 billion into a multifunctional tourism and recreation named Saigon Atlantis Hotel in the province.
Last year, the Vietnamese province attracted 55 FDI projects with registered capital of US$12 billion and 59 domestically-invested projects worth VND26 trillion.
Amid the global economic slowdown, Vietnam's FDI attraction in January dropped 8.5 folds on year to US$200 million and almost projects are small-scaled, the Vietnamese Ministry of Planning and Investment said. (Young People)
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