Ba Ria- Vung Tau licenses 9 projects

Authorities in the southern coastal province of Ba Ria-Vung Tau awarded nine investment certificates to domestic and foreign projects with a combined capital of US$ 123 million at a Spring Investment Fair on February 27.

A part of Vung Tau city (Photo: VNA)

The new licences include two Japanese projects with US$ 20 million in capital operating in steel manufacturing.

Looking forward, Ba Ria-Vung Tau will prioritise investment in the support industry, logistics, sea ports, human resources, tourism, and service sectors, according to Secretary of the provincial Party Committee Nguyen Tan Minh.

So far, the province has attracted 290 foreign and 424 domestic investment projects with a total registered capital of nearly US$ 27 billion and VND 230 trillion (US$ 10.7 billion), respectively.

At the investment fair, a contract-signing ceremony for Phase A2 of the MGM Grand Ho Tram Tourism Complex project was held by the domestic contractor Coteccons and the investor Ho Tram Company Ltd.

Ho Tram Strip Complex is situated across 164 hectares in Xuyen Moc District, Ba Ria Vung Tau province with total investment of US$ 4.2 billion.


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