Ba Ria-Vung Tau attracts big investors
The southern province of Ba Ria-Vung Tau on February 18 granted investment licences to five projects totally valued at US$28 million and over VND2.3 trillion (US$109.5 million), completing 20 percent of its target for 2013.
Of the projects, two are financed by foreign investors. Notably, the Blue Sapphire Resort funded by the Asia Tourism and Investment Construction company has a capital of VND1,351 billion (US$64.3 million) and the Blue Sea Resort, VND931 billion (US$44 million).
The other projects, focusing on logistics, education and renewable energy, are undertaken by Taiwan’s Thuong Du Vietnam, Vietnam-based branch of Singaporean Pengasus company, and DVA Renewable Energy company.
Last year, despite the gloomy economic situation, the province attracted 53 projects, including 19 foreign-invested ones, with a total investment of US$500 million and VND38 trillion.
So far, 302 foreign-invested projects have operated in the province with a total capitalisation of almost US$27.5 billion, besides 413 valid domestically-funded projects valued at VND222 trillion (US$105 billion).