Ba Ria – Vung Tau: 8 projects with a total registered capital of 311 million USD and 3,600 billion VND

On the morning of February 6, in Vung Tau City, leaders of Ba Ria – Vung Tau province (BR-VT) held a meeting of enterprises and investors of Xuan Dinh Dau 2017 and awarded investment certificates and investment approval policies for 8 domestic and foreign investment projects with a total registered capital of 311 million USD and 3,600 billion VND.

Consulates General of other countries and more than 150 businesses and investors attended the meeting.

Speaking at the meeting, Mr. Nguyen Hong Linh, Secretary of the Provincial Party Committee of Ba Ria – Vung Tau recognized and praised the contributions of the business community, domestic and foreign investors to the locality. Mr. Nguyen Hong Linh also emphasized that the province will continue to build the local economy in a sustainable direction, attract investment selectively, exploit the potential effectively, develop in accordance with the plan, ensure safety for the environment, complete the infrastructure system for production, etc business and people’s lives, making BR-VT a livable place with the leading good quality of life in the country in the coming time.

The People’s Committee of Ba Ria – Vung Tau province awarded investment certificates and investment policy decisions to 8 projects with a total registered capital of nearly VND 3,600 billion and USD 311 million

Mr. Nguyen Hong Linh affirmed that the province prioritizes calling for and attracting investors with capacity and experience to invest in large projects, modern technology, using less land, energy, labor, environmentally friendly, creating a pervasive force, resolutely withdrawing projects that are slow to be implemented, and resolutely withdraw projects that are slow to implement, increasing the efficiency of investment registration projects. …

“With the motto of serving businesses and investors is to serve development, provincial leaders are determined to synchronously implement solutions to reform administrative procedures, create a positive and responsible business environment and will always accompany, support, and periodically contact and dialogue to remove difficulties. problems for enterprises and investors in the process of operation; resolutely remove all barriers in attracting investment so that BR-VT deserves to be an ideal destination for businesses and investors in the coming time,” said Mr. Nguyen Hong Linh.

Also at the meeting, Mr. Nguyen Van Trinh, Chairman of BR-VT Provincial People’s Committee expressed his desire that investors who were awarded the Investment Registration Certificate would focus resources, accelerate the implementation progress and put the project into operation as committed, not to let the project delay in implementation. affecting people’s lives, causing frustration in public opinion, wasting resources and opportunities and slowing down the socio-economic development of the province. Mr. Trinh called on the business community and investors in the province to promote the achievements achieved, focus resources, thinking and wisdom to improve production and business efficiency, improve the quality of products and services, increase competitiveness and continue to strive to successfully complete the set plan, contributing to the successful implementation of the target socio-economic development in 2017 of the province.

On this occasion, the Provincial People’s Committee awarded Investment Certificates and Investment Policy Decisions to 8 projects with a total registered capital of nearly VND 3,600 billion and USD 311 million, including: Korea Tech & Art Vietnam Co., Ltd. with the Korea Tech Furniture Factory Project at Toc Tien Industrial Park, Tan Thanh district with a total registered investment capital of 3 million USD; Shinhan Informatics Trading Services Co., Ltd. with the Toc Tien Industrial Cluster Infrastructure Construction and Business Project in Toc Tien Industrial Park, Tan Thanh District, with a total registered investment capital of 70 billion VND; Starflex Vietnam Co., Ltd. with the project of Tarpaulin and Curtain Factory in Toc Tien Industrial Park, Tan Thanh District; total registered investment capital of 15 million USD; Provincial Housing Development Joint Stock Company with the project of resort apartments, A La Carte Vung Tau hotel in Vung Tau City, total registered investment capital of 450 billion VND; Pomina 2 Steel Joint Stock Company with the project of Galvanized Steel Sheet, Color Coated Sheet and Non-ferrous Steel Pipe Factory with a scale of 600,000 tons/year in Phu My I Industrial Park, with a total registered investment capital of 868 billion VND; Vietnam Urban Development Investment Corporation and Industrial Park, Viglacera Corporation and Khai Thinh Science and Technology Group Company with the investment project to build an ultra-white float glass factory in Phu My II Industrial Park, with a total registered investment capital of 108 million USD; Heineken Vietnam – Vung Tau Brewery Co., Ltd. with the project to expand the brewery with a capacity of 610 million liters/year in My Xuan A Industrial Park, the total investment capital increased by 185 million USD; Nam Viet Hung Glass Joint Stock Company with the Nam Viet Hung Ultra White Glass Factory project in My Xuan B1 Industrial Park – Conac, with a total registered investment capital of VND 2,200 billion.

Also at the meeting, leaders of the Provincial People’s Committee and Hyosung Corporation jointly signed a memorandum of understanding on investment commitment and investment support in BR-VT province in 2017 with an investment capital of 1.2 billion USD for the project of Polypropylene (PP) Production Plant and Liquefied Petroleum Gas (LPG) Underground Storage; and LPG and petrochemical ports.

9 enterprises and investors have been honored by the Provincial People’s Committee for their active efforts to implement the project, expand production and business; effective production and business activities, making a great contribution to the state budget; at the same time, actively participate in social security activities in 2016.

Also at the 2017 Spring Dinh Dau Investor Meeting, businesses donated more than 3.7 billion VND to the Funds: For the poor, For the victims of Agent Orange, Education Promotion and Social Security.