2:07:24 PM | 6/2/2007
The southern province of Ba Ria-Vung Tau has set a goal to attract at least 26 projects worth US$1.8 billion into its industrial parks (IPs), said head of the provincial IPs management board Le Minh Chau.
Of the sum, foreign direct investment (FDI) capital is expected to account for the lion’s share, with $1.7 billion for 18 projects.
In the year, the province aims to fill 67.6 per cent of the IPs area with IPs My Xuan A, My Xuan A2 in the first phase, Dong Xuyen, Phu My I and Phu My II set to be fully leased, Chau added.
He also noted that ten projects will kick off this year, raising the total number of underway projects to 31, including up to five for building ports.
Last year, FDI into the IPs hit a record level of $1.4 billion, up 1.83 times on-year, making the province the top locality for FDI attraction in the year with nearly $1.7 billion for 19 projects.
Ba Ria-Vung Tau now has nine IPs, and plans to build four more with a total area of 1,000 ha from now to 2010, namely Long Huong, Long Son, Kim Dinh, and Ngai Giao, to lure more investment. (Investment)
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