The southern province of Ba Ria-Vung Tau on January 31 granted licenses to four new projects with total investment capital of VND26,729 billion ($1.3 billion), accounting for 30 per cent of province’s targeted registered capital for 2012.
The projects include the Nam Con Son 2 gas pipeline, Phuoc Thang urban area, Gelexim port and kindergarten, and Phuoc An centre for disabled children.

Seven investors also donated VND1.31 billion to the provincial charity funds to help the handicapped and the poor.

Despite economic difficulties, Ba Ria-Vung Tau attracted 25 foreign investment projects in 2011 with total capital of $950 million, as well as 38 domestic investment projects worth nearly VND12 trillion (roughly $570 million).

The province also created jobs for 33,500 labourers last year.

Source: VOV News