According to a report of Ba Ria - Vung Tau Provincial People's Committee, while domestic investment capital in the area decreased sharply, the province's foreign direct investment (FDI) attraction in the first 11 months of 2023 increase.
Specifically, in November 2023, in the province, there is 1 new FDI project with a total registered capital of more than 115 million USD and 1 project adjusted to increase capital with a total additional registered capital of 7 million USD. Accumulating 11 months, the province granted new and adjusted investment capital of 52 FDI projects, with a total additional registered capital of nearly 1,377 million USD, reaching 151.3% of the plan; an increase of 93.8% compared to the same period in 2022.
In which, 21 new FDI projects, up 4 projects over the same period in 2022, with a total registered capital of nearly 867 million USD, up 211.36% over the same period in 2022; 30 projects adjusted to increase capital, an increase of 6 projects over the same period in 2022, with a total additional registered capital of more than 510 million USD, up 16.8% over the same period in 2022.
Contributing to the achievement of attracting FDI of Ba Ria - Vung Tau province in 2023 is the Carbon fiber production project of Hyosung Group - Korea, investing 500 million USD, phase 1 is 160 million USD in Phu My 2 IDICO Industrial Park. The project has been granted an Investment Certificate and is carrying out further procedures to implement the project.
As of November 2023, there are 457 foreign investment projects in the province with a total registered investment capital of more than 31,553 million USD, in industrial parks, there are 284 projects with a total investment of 13,858 million USD; In addition to the industrial park, there are 173 projects with a total registered investment capital of more than 17,695 million USD.
Meanwhile, since the beginning of the year, the situation of attracting domestic investment projects to the province has decreased sharply compared to 2022.
Accordingly, in November 2023, the province have not new domestic investment projects, only 1 project adjusted to increase capital. Accumulating 11 months in the province to grant new and adjust investment capital for 25 projects; with a total additional registered capital of VND 15,861 billion, reaching 78.95% of the plan, equal to 68.8% over the same period in 2022; In which, 12 new projects were granted, down 28 projects over the same period in 2022, with a total registered capital of more than VND 1,445 billion, only equal to 10.2% over the same period in 2022.
As of November 2023, there are 691 domestic investment projects in the province with a total registered investment capital of nearly VND 370,761 billion. Accordingly, in the industrial park, there are 286 projects with a total registered investment capital of more than VND 160,580 billion and outside the industrial park, there are 405 projects with a total registered investment capital of more than VND 210,180 billion.
In order to attract projects to the province, the People's Committee of Ba Ria - Vung Tau province requests departments, branches and localities to accelerate the progress to attract domestic and foreign investment; Finally, implement the investment promotion program and promulgate a list of projects calling for and attracting investment in the period of 2023 - 2025.
Along with that, the province continues to implement the Action Plan No. 11-CTr/TU dated November 26, 2021 of the Standing Party Committee to implement Resolution No. 23-NQ/TW of the Politburo on orientations for developing national industrial development policies to 2030 with a vision to 2045; Plan to implement the Government's Resolution 115/NQ-CP dated 06/8/2020 on solutions to promote the development of Vietnam's supporting industry in Ba Ria - Vung Tau province.
In addition, in order to attract more projects, the province has been strengthening the roles and responsibilities of state administrative agencies, regularly meeting and dialoguing with enterprises to promptly solve difficulties and problems of enterprises.
-Source: Internet-
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