Foreign, domestic investment in Ba Ria-Vung Tau rises sharply

Foreign and domestic investment in the southern province of Ba Ria-Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier. The foreign direct investment (FDI) attracted during the period is equivalent to 81.4% of this year's target, according to the provincial Department of Planning and Investment. During January-April, nearly 1.63 billion USD was poured into 24 FDI projects, both new and existing ones. The value shot up 16-fold year on year. With the latest investments, Ba Ria - Vung Tau is currently home to 474 FDI projects worth nearly 33.18 billion USD. Meanwhile, 11 new and existing domestic projects were injected with more than 25.93 trillion VND during the four months, surging 3.9-fold year on year. As a result, there are now 692 domestic investment projects with total registered capital topping 398 trillion VND, statistics show. Source: Vietnam News Agency

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