Officials from the Department of Planning and Investment and other relevant agencies and sectors in the southern province of Ba Ria-Vung Tau met on March 6 to seek measures to draw in more investment.
He suggested departments and other sectors to join hands in making existing investors satisfy and treating businesses, old and new, local and foreign alike, on an equal footing.
The Industrial Park Management Board should pay heed to the quality of infrastructure at industrial parks in an effort to raise their competitiveness, he noted.
According to Le Hoang Hai, Director of the Department of Planning and Investment, in 2017, the province licensed 86 locally-invested and foreign-invested projects with a total investment of US$1.5 billion and VND41.9 trillion.
Newly-licensed projects are engaging mainly in warehouses, logistics, ports, industry, tourism, housing, environment, healthcare, mining, trade and agriculture.
Also in 2017, local and foreign businesses disbursed over VND36.1 trillion of their investment capital, accounting for around 80% of the total investment poured into the locality.
On February 23, the province presented investment licenses to eight projects worth over VND8.3 trillion (US$366 million) at a meeting with businesses.
The projects comprise two solar power factories, two housing projects, one hospital project, one ceramic factory, one tourism project, and one steel project.
The locality is focusing its investment attraction efforts on the five sectors that it has potential, namely industry, sea ports, port logistics services, tourism, and hi-tech agriculture.