As of August 21, the Management Board of Planning and Investment of Ba Ria-Vung Tau province reported that the locality continues to be an attractive destination for domestic and foreign investors. By the end of July 2024, the province had exceeded its annual investment attraction plan.
Specifically, in the first seven months of the year, Ba Ria-Vung Tau attracted over $1.7 billion in FDI and more than VND 27,000 billion in domestic investment. This figure is 3.2 times higher compared to the same period in 2023 and reached 101% of the 2024 investment attraction plan.
Industry is a favored sector for investors in Ba Ria-Vung Tau
Regarding foreign direct investment (FDI), in July 2024, the province granted investment certificates to one new project with a capital of $5.5 million and approved capital adjustments for three existing projects with an additional capital of $89 million. As of the end of July 2024, the locality had granted investment certificates and approved capital adjustments for 34 projects.
For domestic investment, in the first seven months of the year, the province granted investment certificates and approved capital adjustments for 17 projects.
Thus, up to now, there are 476 FDI projects with a total registered capital of over $33 billion and 695 domestic investment projects with a total registered capital of more than VND 399,320 billion in the province.
According to the local planning, in the coming time, Ba Ria-Vung Tau will focus on attracting investments in four key economic sectors, including industry, seaports-logistics, tourism, and high-quality services.
Ba Ria-Vung Tau prioritizes investment in “green” projects with modern technology
The People’s Committee of Ba Ria-Vung Tau has also approved and is implementing the investment promotion program for 2024, the industrial development program, and the trade promotion program. Additionally, it has established task forces to support enterprises and investors in accessing information and facilitating investment procedures for projects calling for investment in the period of 2021-2030.
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