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Ba Ria-Vung Tau expanding IPs to welcome investment 11:22 | 03/05/2021
An IP in Ba Ria - Vung Tau (Photo: VNA)
Ba Ria-Vung Tau - New waves of investment coming to the southern province of Ba Ria-Vung Tau will push up demand for land rentals at local industrial parks (IPs), which in turn will need to be expanded.
According to the provincial IPs management board, the province is home to 16 IPs covering a total area of 9,054 ha.
Together they house 469 valid projects worth more than 20.09 billion USD, with occupancy rates standing at 52.35 percent.
Nguyen Anh Triet, head of the board, noted that the upcoming expansion of local IPs is in line with a Government decree as well as State regulations on the management and planning of IPs and economic zones.