Ba Ria-Vung Tau grants investment certificates for nine projects

The government of the southern province of Ba Ria-Vung Tau today presented the investment certificates to nine projects with total registered capital of over VND9.9 trillion (US$426.4 million) and US$162.62 million.

Among the projects are a hi-tech industrial and residential complex in Phu My Town with registered capital of VND7.2 trillion; the Da Bac 4 solar power project worth VND1.1 trillion, and an instant coffee processing plant capitalized at US$115 million.

At the ceremony to grant the investment certificates, Nguyen Hong Linh, secretary of the provincial Party Committee, said that the province would continue to create a fair investment environment for enterprises and promote the private sector this year.

In addition, the province will focus on attracting investment in five sectors: industry, seaport, logistics, tourism and hi-tech agriculture.

Linh said that the province would also address the projects which have yet to be executed due to the investors' lack of capital and would call for new investors.

Ba Ria-Vung Tau chairman Nguyen Van Trinh asked the investors to expedite the progress of their projects and put them into operation on schedule.

He also pledged that the provincial government would continue reforming administrative procedures, improving the investment environment and making conditions favorable for investors.

Last year, the province attracted 44 foreign investment projects and 59 domestic projects with combined registered capital of some US$1.9 billion and VND18.8 trillion.

-Thesaigontimes-