A NS BlueScope Co steel factory in Phu My Industrial Zone, Ba Ria – Vung Tau Province. — VNA/VNS Photo The People’s Committee of southern Ba Ria –Vung Tau Province on Friday licensed eight new investment projects worth over VND8.3 trillion (US$364 million). These projects are related to solar energy, housing and hospital construction development, steel, ceramics and tourism. In his speech at the licensing ceremony, Nguyen Hong Linh, Secretary of the provincial Party Committee, said the province appreciated each project and the work proves the great efforts made to attract investment. However, the locality is determined to revoke the licences of slow-moving projects and transfer them to investors with sufficient financial capacity. Meanwhile, chairman of the provincial People’s Committee, Nguyen Van Truong, said the province will attract investors selectively, with a focus on large projects, modern technology, high value-addition in the fields of industry, ports, port services and logistics, tourism, and high-tech agriculture. In 2017, the province granted licences to 69 new projects. Of those, 29 were foreign-invested with total registered capital of $1.5 billion and the remainder, worth over VND29 trillion ($1.27 billion), were funded by domestic investors. From now until 2020, the province hopes to attract $4 billion worth of foreign direct investment in 80 projects, VND100 trillion worth of domestic investment in 90 projects and VND15 trillion in 15 public-private partnership projects. — VNS
Southern Binh Duong province of Vietnam early this year licensed 26 foreign direct investment (FDI) projects worth US$481.7 million, the Vietnam News Agency reported. The province has allowed 10 existing projects to raise their capital by US$13 million so far this year. Binh Duong attracted US$2.15 billion FDI in 2007, being listed in the US$1 billion FDI club of six local cities and provinces besides Ho Chi Minh, Dong Nai province, Hanoi, Phu Yen and Ba Ria-Vung Tau. It has set a goal to pull in over US$1 billion FDI this year. Separately, South Korea's DongWha Company has recently worked…... [read more]
Thanh Hoa Province has licensed 40 new projects with an investment of nearly VND30 trillion ($1.4 billion) this year. They include some large projects like Cong Thanh Fertilizer Plant and Nghi Son Port. Tin Tuc (News) French banks to fund tunnel through Ca Pass The Ca Pass Investment Joint Stock Company signed an agreement with France's Credit Agricole Corporate & Investment Bank and Societe Generale for loans worth US$800-900 million to build a tunnel through the Ca Pass in the two central provinces of Phu Yen and Khanh Hoa. Nghiem Sy Minh, chairman of the Ca Pass Joint Stock Company,…... [read more]
The projects include seven FDI projects totaling US$5 billion and five domestically-invested ones worth roughly VND8 trillion (US$473.4 million). Notably, Winvest Investment Vietnam got OK to invest US$4.1 billion into a multifunctional tourism and recreation named Saigon Atlantis Hotel in the province. Last year, the Vietnamese province attracted 55 FDI projects with registered capital of US$12 billion and 59 domestically-invested projects worth VND26 trillion. Amid the global economic slowdown, Vietnam's FDI attraction in January dropped 8.5 folds on year to US$200 million and almost projects are small-scaled, the Vietnamese Ministry of Planning and Investment said. (Young People)... [read more]
Ba Ria-Vung Tau, which led the nation's cities and provinces in attracting the most FDI nationwide last year, expects to absorb over US$1.97 billion from 20 FDI projects this year. In 2009, the Ba Ria-Vung Tau province licensed 26 new projects totaling US$2.9 billion and allowed 12 existing projects to add US$3.9 billion, Le Kim Huong, director of provincial Department of Planning and Investment said. Meanwhile, Dong Nai province sets a target of drawing US$1.5 billion in FDI this year. In 2009, the province estimated to pull in US$3 billion, down 5.33% from a year earlier while Binh Duong province…... [read more]
Of the total, the province licensed 29 new projects worth US$2.3 billion and allowed 38 projects to add a combined US$395.4 million. In November, Dong Nai issued an investment license to the Malaysian Berjaya Group to build Nhon Trach city capitalized at US$2 billion, the locality's largest FDI project so far. Also, the province licensed 1,979 new private businesses with a combined registered capital of VND10.31 trillion, bringing the total number of private firms to 9,900. Dong Nai now houses 978 FDI projects valued at US$17.56 billion, which employ 400,000 workers. (vovnews)... [read more]
