New Year sees boom in industrial licences

Right on the first working day on Feb. 22 after the longest holiday of the year, the southern oil-rich province of Ba Ria-Vung Tau held a ceremony to grant investment licences to 10 projects.

Of the licensed projects, two are foreign invested with a combined capital of 922 million USD and eight others, capitalised at 6.17 trillion VND, are from domestic investors.

In 2009, the province on the Ho Chi Minh City neighbourhood licensed 38 foreign invested projects, which either registered for new investment or investment increases, with a combined capital of 6.8 billion USD.

Domestic investors did not lag behind as 42 projects capitalised at over 23 trillion VND were licensed.

The Provincial People’s Committee Chairman, Tran Minh Sanh, pledged strong support for the business circles to kick off their projects at a shortest possible time after getting licensed.

Ba Ria-Vung Tau is determined to stay on among the group of provinces with top Competition Indexes in Vietnam , emphasised the provincial leader.

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