In 2018, the local industrial production value, excluding crude oil and gas, surpassed VND 252 trillion (USD 10.8 billion), a rise of 8.72 percent year-on-year. The growth is attributable to higher steel prices compared to 2017 and additional 19 industrial projects which began operation this year.

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An overview of Ba Ria - Vung Tau province

In the year, the province’s industrial staples recorded increases ranging from 0.82 percent to 46.49 percent.

The management board of the provincial industrial parks said infrastructure and investment climate of the province has been strongly improved, thus drawing more investors. Businesses spent more than VND 1.89 trillion (USD 81.27 million) on industrial parks’ infrastructure this year.

Besides, local industrial parks attracted 54 projects in 2018 with registered capital totaling USD 2.2 billion in various fields, including liquefied gas, zinc bullion bar and screw production, plastics and automobile accessories, among others.

To date, about 2,680 ha of provincial industrial parks have been occupied, accounting for nearly 47 percent of the total area. In 2018, local firms created jobs for around 2,600 workers, raising total number of those who work in industrial parks to more than 58,000.

Source: VNA