Ba Ria – Vung Tau is about to welcome a billion-dollar project

Hyosung Corporation plans to invest in a project worth 1.2 billion USD in Ba Ria – Vung Tau. On the morning of February 6, Hyosung signed a memorandum of understanding with the People’s Committee of Ba Ria – Vung Tau province on the implementation of this project.

On the morning of February 6, at the meeting of investors and enterprises in Xuan Dinh Dau, the People’s Committee of Ba Ria – Vung Tau province signed a memorandum of understanding with Hyosung Corporation on investment commitment and investment support in the Polypropylene (PP) Production Plant Project, Liquefied Petroleum Gas (LPG) Underground Storage and LPG and Petrochemical Specialized Port. The project has an expected investment capital of 1.2 billion USD.

Thus, if everything goes well, in the coming time, Ba Ria – Vung Tau will continue to welcome billion-dollar project, after a series of billion-dollar projects have registered for investment in this province. Among them, typically the Ho Tram Strip Project, with a registered capital of 4.2 billion USD.

According to information, at this meeting, a series of investment registration certificates and investment policy decisions were awarded to investors, with a total registered capital of nearly VND 3,600 billion and USD 311 million.

Among these, it is worth noting the project to expand the Heineken Vietnam brewery, with a total registered capital of 185 million USD. In addition, there are also projects of Korea Tech Furniture Factory (investment capital of 3 million USD) in Toc Tien Industrial Cluster; Investment in construction and infrastructure business of Toc Tien Industrial Cluster (investment capital of 70 billion VND)… Also at Toc Tien Industrial Cluster, there is also Starflex Vietnam Co., Ltd. investing in the Tarpaulin and Curtain Factory Project (investment capital of 15 million USD).

In addition, it can also be mentioned Ba Ria – Vung Tau Provincial Housing Development Joint Stock Company with the project of resort apartments, A La Carte Vung Tau hotel (investment capital of 450 billion VND); or 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, investment capital of 868 billion VND in Phu My I Industrial Park.

Vietnam Urban Development and Industrial Park Investment Corporation, Viglacera Corporation and Khai Thinh Science and Technology Group Company will also invest in building an ultra-white float glass factory, with a registered investment capital of 108 million USD, in Phu My II Industrial Park. Nam Viet Hung Glass Joint Stock Company will also build Nam Viet Hung ultra-white glass factory, with an investment of VND 2,200 billion, in My Xuan B1 Industrial Park – CONAC.