Thursday, May 22, 2008

Ba Ria - Vung Tau attracts $1.7 billion

BA RIA — VUNG TAU - So far this year, the southern province of Ba Ria - Vung Tau has lured US$1.7 billion from five domestic investment projects and eight foreign direct investment projects.

In 2008, the province invested more than VND1 trillion for the infrastructure development of industrial zones (IZs) and VND20 billion for land clearance.

Currently, Ba Ria - Vung Tau has 12 IZs, covering 3,200ha. Fifty per cent of IZs have been occupied with a rate of 80 -100 per cent.