The southern province of Ba Ria - Vung Tau will focus its investment on hi-tech industry and agriculture, port logistics and high-quality tourism.
Hi-tech industrial projects will prioritise energy-saving and eco-friendly products of high added value and competitiveness, while those in the port logistics sector will include facilities in support of the Cai Mep - Thi Vai international terminal.
High-quality tourism projects will focus on building seaside resorts and developing ecological and spiritual tourism along with meetings, incentives conferences and exhibitions (MICE).
During a local press conference on August 3, Vice Chairman of the provincial People’s Committee Nguyen Thanh Long said the province has made a list of sectors eligible for investment incentives.
Ba Ria - Vung Tau pledges all possible support for long-term business operations in the province, he said.
An investment promotion conference is slated for August 10 to introduce the province’s potential, incentives and infrastructure to diplomatic agencies, investment and trade promotion organisations, and overseas and domestic investors.
The province is a gateway to the southern key economic zone thanks to its convenient location, abundant natural resources and a massive network of seaports.
In the first half of this year, the province registered seven foreign-invested projects worth nearly US$350 million, raising the total number of FDI projects to 297 with a total value of more than US$27.16 billion.
Domestic projects in the six-month period counted 10 with a total registered capital of around VND1 trillion (US$45.45 million), increasing the total domestically invested projects to 442 worth approximately VND241 trillion (US$10.95 million).