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In order to meet the material demand to help the key projects that will be implemented in the province without delay, the People's Committee of Ba Ria - Vung Tau province assigned relevant departments and agencies to review and re-evaluate the reserves at the mines, on that basis will redefine the total source, total demand to have a suitable balance solution.
The report of the BRVT Industrial Zones Authority said that from the beginning of the year until now, industrial parks have attracted 39 more investment projects, reaching nearly 115% of the year plan. Total attracted capital is USD 849.92 million, reaching 81% of the plan.
On February 19, Benoit Klein, General Director of Gemalink Port, said that the South Korean vessel Dongbang Giant No.8 has just docked to hand over two super-large ship-to-shore cranes to Gemalink International Port. This is the first step in the strategy to expand Gemalink deep-water port business.
The Ministry of Construction also stated that in 2022, the Ministry would strengthen research, coordinate with relevant Ministries to research proposals, and implement policies to support social housing and housing for workers. In particular, the policy for worker housing will be separated from social housing.
On January 28, 2022, the Government issued Decree 15/2022/ND-CP stipulating the policy of tax exemption and reduction according to Resolution 43/2022/QH15 of the National Assembly, thereby guiding the reduction of Value Added Tax. (Hereinafter referred to as VAT) from 10% to 8% from February 1, 2022.
The fourth wave of Covid -19 epidemic heavily damaged the economic and social; however, Vietnam is still achieved and exceed a a number of economics targets. GDP growth was 2.58%, import and export reached the recored number of USD 669.5 billion (exported surplus about USD 4 billion), an increase 22.6% compared to the previous year, which push Vietnam into group of 20 leading economies about international commerce. Attracting foreign direct investment (FDI) got 31.35 USD billion, increased more than USD 9.2 billion compared to 2020.
Vietnam continues to be an attractive destination for industrial real estate investors as the growth rate is stable, free trade agreements increase along with the young workforce, investment incentive policies and strategic geographical location.
It is expected that immediately after the Lunar New Year, Vietnam Airports Corporation (ACV) will implement the construction of some key items of Long Thanh Airport (Dong Nai).
Located in the southern key economic zone, with the Cai Mep-Thi Vai deep-water port system, Ba Ria-Vung Tau province has all the advantages to develop into a regional logistics center. Recognizing that importance, Ba Ria-Vung Tau province has concentrated resources, set aside a land fund, and invited reputable, experienced and potential investors to invest in this crucial field.