Ba Ria-Vung Tau Licenses Nine New Projects

4:25:10 PM | 10/2/2014

The southern coastal province of Ba Ria-Vung Tau granted investment licences 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 fertiliser plant worth US$27 million with investments from Behn Meyer Agricare Vietnam of Germany. 

Seven locally-invested projects are capitalised at over VND6 trillion (US$285.7 million). 

According to Nguyen Tuan Minh, Secretary of the provincial Party Committee, the province will prioritise 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).