Wednesday, April 24,2024 - 5:10 GMT+7  Việt Nam EngLish 

RoK firm invests 1.2 billion USD in Ba Ria-Vung Tau 

 Wednesday, August 29,2018

AsemconnectVietnam - The Hyosung Chemical Corporation from the Republic of Korea (RoK) has received approval to build both a polypropylene-producing factory and a liquefied petroleum gas (LPG) underground storage space in Cai Mep Industrial Zone in the southern province of Ba Ria-Vung Tau.

The project will cover an area of 61ha, with total investment worth more than 1.2 billion USD.

According to the management board of the Ba Ria-Vung Tau industrial zones, the project’s duration will be 34 years. The underground storage facility will be completed by late 2020 and become operational by the beginning of the following year.

It is the largest-scale project to have received operation approval amongst the province’s industrial zones. 

To date, there are 362 investment projects operating in the Ba Ria-Vung Tau industrial zones, with total capital exceeding 18.2 billion USD. The province lured an additional 2.1 billion USD from 42 projects in the first eight months of the year. 

  PRINT     BACK


 © Vietnam Industry and Trade Information Center ( VITIC)- Ministry of Industry and Trade 
License: No 56/GP-TTDT issued by the Ministry of Information and Communications.
Address: Room 605, 6 th Floor, The Ministry of Industry and Trade's Building, No. 655 Pham Van Dong Street, Bac Tu Liem District - Hanoi.
Tel. : (04)38251312; (04)39341911- Fax: (04)38251312
Websites: http://asemconnectvietnam.gov.vn; http://nhanhieuviet.gov.vn
Email: Asem@vtic.vn; Asemconnectvietnam@gmail.com 

 

Hitcounter: 25710819469