Southern province targets to attract more investment projects

The southern province of Ba Ria- Vung Tau has set its target to attract 100 foreign projects with total registered investment capital of US$3 billion and 100 domestic projects with registered capital of VND50,000 billion (US$2.1 billion).

           A corner of Ba Ria - Vung Tau (Photo: U. Phuong)

At the meeting held on February 14, the Party Committee  of People’s Committee in Ba Ria –Vung Tau Province approved the resolution to develop harbor, logistic service aiming to attract more investment projects in the province by 2020.

Accordingly, the province authority plans to focus on its potential sectors such as mechanical engineering, oil, harbor, transport service, logistic service, tourism and high-tech farming.

Enterprises investing in giant, hi-tech and environmentally friendly projects will be put in top priority. The province administration will call for investment to finish harbor connecting system, business improvement and reduce paperwork.

Furthermore, it will enlace cooperation between areas and nations.

By Nong Ngan - Translated by Uyen Phuong

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