Heineken Vietnam invests additional 70 million USD in Vung Tau factory

• Japanese businesses seek investment opportunities in Binh Phuoc
• PM requests stepping up public investment disbursement
• Tien Giang aims to attract more investment in 2020
• Vietnam remains a top destination for cross-border investment

The southern coastal province of Ba Ria-Vung Tau has recently allowed Heineken Vietnam Brewery - Vung Tau JSC to increase its investment capital from 312.5 million USD to 381.3 million USD.

With the additional capital, the company expects to raise the annual capacity of its factory in Vung Tau from 610 million liters to 1.1 billion liters in 2020.

In early 2020, the province also granted approval decisions and investment licences to several investment projects, including those of Japan-based Seiko PMC Corporation (28 million USD), SeAH M&H Vietnam (35.3 million USD) and Arakawa Chemical Industries (45.6 million USD).

Last year, Ba Ria-Vung Tau attracted 108 new projects, including 49 foreign-invested ones valued at about 623 million USD, and 59 domestically-financed ones capitalized at 13.13 trillion VND (566 million USD).

During the year, it also allowed 40 existing projects to increase investment capital by 524 million USD.