The southern province of Ba Ria - Vung Tau has recently granted investment licenses to five projects with total newly registered capital of approximately VND1,500 billion and increased investment capital of US$109 million.

The move sees five domestic and foreign investors being granted their investment licenses, including the US$28 million Seiko PMC Corporation project invested by Seiko PMC Corporation, the US$45.6 million project on producing and trading acrylic polymers for the paper industry by Arakawa Chemical Industries Company, and the US$35.3 million Seah M&S Vietnam project by Seah M&S Corp.

In addition, the VND1,500 billion Cai Mep - Phu My pipeline project, the Phu My gas distribution station of Hai Linh Co., Ltd., and the US$381.3 million brewery project of Vietnam-Vung Tau Heineken Brewery Co., Ltd., have also been granted with investment licenses.

Secretary of the Party Committee of Ba Ria - Vung Tau Province Nguyen Hong Linh stated that the granting of investment licenses to five investors during the first days of the new year have shown the province’s commitments to selective investment in a way that will ensure the locality enjoys sustainable development.