In the first 8 months of the year, Ba Ria - Vung Tau has 39 newly licensed investment projects with a total capital of more than 945 million USD.

Ba Ria - Vung Tau newspaper citing data from the Ba Ria Vung Tau Industrial Zones Authority (BIZA) said that by 2021, the province aims to attract 30 investment projects in industrial zones.

Despite the complicated developments of the COVID-19 epidemic in the South, in the first eight months of the year, there were 39 newly licensed investment projects, exceeding the plan. In which, there are 11 FDI projects and 28 domestic projects. Total attracted capital reached more than 945 million USD, exceeding 50% of the year plan and increasing by 52% over the same period in 2020.

Up to now, Ba Ria - Vung Tau has about 15 industrial zones (Phu My 3, Cai Mep, Chau Duc, Da Bac, Dat Do, Dong Xuyen, Long Huong, Long Son,...).

The province's industrial zones have 498 valid investment projects, including 256 FDI projects and 242 domestic projects. Of which, 322 projects are in operation. The total leased land area is about 3,188 ha with the occupancy rate of the industrial zone reaching more than 54%.

Currently, due to the impact of the COVID-19 epidemic, the province has 86/322 projects that are temporarily suspended. The remaining projects maintain production of 30-50% of the enterprise's workforce.

Previously, in mid-August, the People's Committee of Ba Ria - Vung Tau province sent a document to the Ministry of Industry and Trade proposing to develop the chemical industry. Chemical enterprises in the province are mainly concentrated in Phu My 1 Industrial Park and Cai Mep Industrial Park.