Bà Rịa-Vũng Tàu to have new industrial zone

August 09, 2017 - 11:00
Mỹ Xuân A Industrial Zone in the southern province of Bà Rịa-Vũng Tàu. — Photo https://banqlkcn.baria-vungtau.gov.vn
Viet Nam News

HÀ NỘI — The southern province of Bà Rịa-Vũng Tàu plans to build an industrial zone in Châu Đức District’s Đá Bạc Commune, chairman of the provincial People’s Committee Nguyễn Văn Trình said on Monday.

The Đông Á Châu Đức Joint Stock Company will be the investor of the project. Total investment will be VNĐ530 billion (US$23.5 million).

The industrial zone is expected to attract investment in manufacturing consumption goods, mechanics, electric-electronics and pharmaceutical and medical equipment; as well as processing farm produce and food and providing logistics service.

In the first phase, the zone will cover an area of 295ha. It is allowed to operate for 50 years.

With the completion of Đá Bạc Industrial Zone construction, the province will have total 14 IZs. — VNS