FDI Attraction in Ba Ria-Vung Tau Surges by 2.78 Times

Ba Ria-Vung Tau, a province in southern Vietnam, has witnessed a noteworthy increase in foreign direct investment (FDI) with the addition of 20 projects valued at $751 million since the beginning of this year. This marks a five-project increase and a remarkable 2.78-fold rise in capital compared to the same period last year. The provincial Department of Planning and Investment reported that during this period, there were also 25 existing projects that underwent capital adjustments, resulting in an additional investment of $503 million, representing a 15.3% increase.

In October alone, Ba Ria-Vung Tau welcomed five newly-registered projects with a total investment of $594 million, along with an additional $62.5 million injected into six existing projects. To date, the province has attracted a total of 457 FDI projects, with a combined registered capital of $31.4 billion, including 284 projects located in its industrial parks.

Nguyen Van Tho, Chairman of the provincial People’s Committee, has urged departments, sectors, and localities to make concerted efforts in attracting both domestic and foreign investors. Additionally, he emphasized the importance of providing support to investors in overcoming any difficulties they may encounter during their operations.