Ba Ria–Vung Tau lures high-quality FDI projects

  • The Phu My 3 Specialised Industrial Park is ready to welcome investors. VNA Photo: Hoàng Nhị
    The Phu My 3 Specialised Industrial Park is ready to welcome investors. VNA Photo: Hoàng Nhị
  • Operation of the Southern Petroleum Construction JSC (Alpha-ECC) at the Dong Xuyen Industrial Park in Vung Tau city. VNA Photo: Hoàng Nhị
    Operation of the Southern Petroleum Construction JSC (Alpha-ECC) at the Dong Xuyen Industrial Park in Vung Tau city. VNA Photo: Hoàng Nhị
  • Operation of the Mei Sheng Textile Vietnam Co. Ltd at the Ngai Giao Industrial Complex in Chau Duc district. VNA Photo: Hoàng Nhị
    Operation of the Mei Sheng Textile Vietnam Co. Ltd at the Ngai Giao Industrial Complex in Chau Duc district. VNA Photo: Hoàng Nhị
  • Operation of the Long Son Petrochemical Complex at the Long Son Petroleum Industrial Zone in Vung Tau city. VNA Photo: Hoàng Nhị
    Operation of the Long Son Petrochemical Complex at the Long Son Petroleum Industrial Zone in Vung Tau city. VNA Photo: Hoàng Nhị
  • Operation of the Long Son Petrochemical Complex at the Long Son Petroleum Industrial Zone in Vung Tau city. VNA Photo: Hoàng Nhị
    Operation of the Long Son Petrochemical Complex at the Long Son Petroleum Industrial Zone in Vung Tau city. VNA Photo: Hoàng Nhị
More than 31.4 billion USD have been registered to pour into 457 foreign-invested projects in the southern province of Ba Ria-Vung Tau so far, according to the provincial Department of Planning and Investment. From the outset of this year, Ba Ria–Vung Tau has secured over 751 million USD in 20 newly-registered projects, up 2.78 folds in value year-on-year, and 503 million USD added to existing 25 projects, increasing 15.3% from the same time last year. To date, more than 30 countries and territories have landed investment in the province, including the US, Canada, Thailand, the Republic of Korea (RoK), the UK, and France. Particularly, the province has lured several large-scale projects with investment capital of more than 1 billion USD such as the 5-billion USD Long Son Petrochemical Complex invested by Thailand’s Siam Cement Group, and a Polypropylene (PP) plant and a liquefied petroleum gas (LPG) storage cavern worth 1.3 billion USD invested by Hyosung Group from the RoK. As the province is striving to attract at least 15 billion USD in FDI capital by 2025, it has invested in a modern transport system besides developing the industrial infrastructure. VNA Photo: Hoàng Nhị

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