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Friday, June 14, 2024

Southeastern provinces attract over US$10 billion in new investments

The Saigon Times

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HCMC – Southeastern provinces have attracted more than US$10 billion and VND5 trillion from 20 investment projects in fields such as oil refining, electronics, industrial park infrastructure, tourism and urban development.

Prime Minister Pham Minh Chinh witnessed the presentation of investment certificates, letters of intent and memorandums of understanding to these 20 projects at a conference held by Ba Ria-Vung Tau Province in coordination with the Government Office.

The conference deployed the Government’s Resolution 154 on an action plan for carrying out the Politburo’s Resolution 24 on socio-economic development, security and defense in southeastern Vietnam until 2030 with a vision towards 2045.

At the conference, HCMC chairman Phan Van Mai presented four memorandums of understanding with total investment pledges of US$71.2 million.

Ba Ria-Vung Tau awarded three investment certificates with total capital of VND4.8 trillion and US$250 million and seven letters of intent with total capital of more than US$7.9 billion and VND1.8 trillion, including the second phase of the southern petrochemical complex worth US$5.5 billion.

Binh Phuoc Province presented a memorandum of understanding on a VND26-trillion investment project and several investment certificates.

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