Investors sought for key Bà Rịa–Vũng Tàu projects

Update: April, 01/2020 - 14:24


Bà Rịa-Vũng Tàu Province is speeding up procedures so that investors can be sought for important projects. — Photo

BÀ RỊA-VŨNG TÀU — Authorities in the Bà Rịa-Vũng Tàu Province have been asked to speed up procedures so that investors can be sought for important projects. 

At a meeting held on March 31, Lê Quốc Tuấn, deputy chairman of Bà Rịa-Vũng Tàu’s People’s Committee, said that land clearance compensation for important projects must be carried out by local authorities, and that related procedures must be completed soon.

The Department of Planning and Investment must create documents to guide the investors bidding process. As for the Lâm Viên Núi Dinh Tourism Area, the department is expected to report on how its investment will be carried out, and the People’s Committee will select an investor for the project if the department is unable to choose one.

Tuấn also requested the Department of Natural Resources and Environment to work closely with local authorities, and help them submit the required documents to the People’s Committee so that it can issue land acquisition decisions, after which investors for the projects can be called.

For projects involving forests, the department has to clarify plans for commerce and service as well as forest area rentals so that investors have a clear direction of how the project will be implemented.

According to the Department of Planning and Investment, the province has 23 important projects that are in need of investors.

In 2020, three projects will have their land-use rights up for bidding, including cluster 5 in Vũng Tàu City’s Ward 1, Nghinh Phong Cape Tourism Area in Ward 2, and part of a land area in Vũng Tàu City received from the Việt Nam Joint Stock Commercial Bank for Industry and Trade. — VNS