Eight projects get investment licenses in Ba Ria-Vung Tau
The southern province of Ba Ria-Vung Tau presented investment licenses to eight projects worth over 8.3 trillion VND (366 million USD) at a meeting with businesses on February 23.
A worker runs the steel production system at NS BlueScope Co. Ltd in Phu My Industrial Park, Ba Ria-Vung Tau province (Photo: VNA)
Ba Ria-Vung Tau (VNA) – The southern province of Ba Ria-Vung Tau presented investmentlicenses to eight projects worth over 8.3 trillion VND (366 million USD) at ameeting with businesses on February 23.
They comprise two solar power factories, twohousing projects, one hospital project, one ceramic factory, one tourismproject, and one steel project.
At the meeting, the provincial People’sCommittee also signed a memorandum of understanding with the EVN PowerGeneration Corporation 3, the investor of the Long Son electricity centre inLong Son commune of Vung Tau city. With registered capital of 4.4 billion USD,the project will be powered by liquefied natural gas and have total capacity of3,600 MW.
Secretary of the provincial Party CommitteeNguyen Hong Linh affirmed that Ba Ria-Vung Tau always treasures the investmentsthat investors pour into the province and considers these as a meter of theirtrust in the province’s investment attraction efforts. However, the provincewill also determinedly revoke sluggish projects so as to make room for newinvestments.
He asked businesses to ensure socialresponsibility, protect the environment, and care for employees, which is importantto their sustainable development.
Ba Ria-Vung Tau is focusing its investmentattraction efforts on the five sectors that it has potential, namely industry,sea ports, port logistics services, tourism, and hi-tech agriculture, saidChairman of the provincial People’s Committee Nguyen Van Trinh.
In 2017, the province granted investmentcertificates to 69 projects, including 29 foreign invested projects worth 1.5billion USD and 40 domestic projects worth over 29 trillion VND (1.28 billionUSD).-VNA
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A worker runs the steel production system at NS BlueScope Co. Ltd in Phu My Industrial Park, Ba Ria-Vung Tau province (Photo: VNA) 
