Tuesday, January 15, 2008

Vietnam's Vung Tau to improve industrial parks

BA RIA-VUNG TAU — The provincial authority of Ba Ria-Vung Tau has approved a plan to invest VND1,016 billion (US$63.5 million) for further infrastructure development of the province’s industrial parks in 2008.

According to the Ba Ria-Vung Tau IPs Authority, the investment includes VND180 billion for infrastructure development of Cai Mep IP, VND150 billion for site clearance at My Xuan B1 IP, VND125 billion for site clearance and infrastructure development for the expansion area of My Xuan A2 IP, VND107 billion for upgrading the axis road and a waste water treatment plant at Phu My IP, and VND23 billion for a waste water treatment plant for Dong Xuyen IP.

The IPs authority said in 2007 the southern coastal province spent VND2.2 trillion ($137 million) for development and upgrade infrastructure for the nine existing industrial parks in the province.

In December 2007, the provincial authority granted a licence for the new Phu My IP No3 that covers 952 ha. This is the tenth industrial park licensed in Ba Ria-Vung Tau. — VNS