Ba Ria-Vung Tau’s FDI attraction rises by 2.78 times
The southern province of Ba Ria-Vung Tau has attracted 20 foreign-invested projects worth 751 million USD since the beginning of this year, five projects higher and a 2.78-fold increase in capital compared to the same period last year.
Phu My 3 Industrial Park in Ba Ria-Vung Tau province (Photo: VNA)
Ba Ria-Vung Tau (VNA) – The southern province of Ba Ria-Vung Tauhas attracted 20 foreign-invested projects worth 751 million USD since thebeginning of this year, five projects higher and a 2.78-fold increase incapital compared to the same period last year.
In the period, there were 25 existingprojects with capital adjustments, with a total additional investment of 503million USD, up 15.3%, according to the provincial Department of Planning and Investment.
In October alone, Ba Ria-Vung Tau saw fivenewly-registered projects totalling 594 million USD, and 62.5 million USD wasadded to six existing ones.
To date, the southern province has lured457 FDI projects with a combined registered capital of 31.4 billion USD,including 284 in its industrial parks.
Chairman of the provincial People’sCommittee Nguyen Van Tho asked departments, sectors and localities to exertefforts to attract more domestic and foreign investors, and help them deal withdifficulties./.
With advantages in terms of landscapes, developed seaports, transport infrastructure connectivity, and potential for industrial development, the southern province of Ba Ria-Vung Tau is striving to become a national marine economic hub.
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Phu My 3 Industrial Park in Ba Ria-Vung Tau province (Photo: VNA) 
