On April 18, the Department of Planning & Investment of Ba Ria – Vung Tau Province announced that in the first quarter of 2024, the province attracted more than 1.5 billion USD in FDI capital.
Specifically, the province’s investment capital exceeded the whole year of 2023 with 62,000 billion VND, including both domestic and foreign investment capital, increasing by 6.88 times compared to the same period in 2023.
By the end of 2023, the total domestic and foreign investment capital, including new capital and additional capital in Ba Ria – Vung Tau, reached only over 50,681 billion VND.
Long Son Petrochemical Complex with a total investment of more than 5 billion USD in Vung Tau City.
Ms. Nguyen Thi Minh Van, Deputy Director of the Department of Planning & Investment of Ba Ria – Vung Tau Province, said that the industrial production value in the first quarter (excluding oil and gas) increased by 11.92%; revenue from transportation, warehousing and transportation support services increased by 8.04%; revenue from accommodation services increased by 14.91%; revenue from travel services increased by 44.04%; agricultural production value increased by 4.16%, and fishery increased by 3.72%.
The total state budget revenue in the province in the first quarter was 24,650 billion VND, reaching over 27% of the estimate and equal to 109% compared to the same period.
