4:53:15 PM | 18/2/2008
The southern province of Ba Ria-Vung Tau has recently given investment certificates to four foreign direct investment (FDI) projects totaling over US$1.4 billion, state media said last week.
The largest project was a US$1.3-billion entertainment complex by the U.S.-based Good Choice Ltd. Co., followed by a US$120-million complex of five-star hotel and hi-end villas by the Hong Kong-based San Shing Ltd. Co.
The two remaining projects are a US$43-million complex of supermarkets, apartments and villas by the Byzatine Ltd. Co of South Korea and a US$2.8- million pearl cultivation farm by Galatea Vietnam Ltd. Co, an affiliate of the U.S.-based Galatea.
Since the beginning of the year, the province attracted four domestic projects with the biggest worth US$50 million by Huong Sen Joint Stock Co to build a course project in Dat Do District.
VNPT Group will pour VND640 billion (US$40 million) to build the Asia America Gateway under sea cable system with an onshore station in Vung Tau.
Domestic investors also received licenses to invest in a garment making project of VND134 billion in Tan Thanh District and a VND89.5 billion industrial and handicraft complex in Long Dien District.
The province targets to draw US$2.8 billion FDI this year, as against over US$1.4 billion for 57 projects last year. (VNA)
Vietnamese
October 2024
Hanoi