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| Photo baobariavungtau |
BA RIA-VUNG TAU (Biz Hub) — The southern coastal province of Ba Ria-Vung Tau last Friday launched a development investment fund which operates as a channel to mobilise investment in local infrastructure expansion.
With a charter capital of VND500 billion (US$23.5 million), the State-run credit institution is tasked with receiving investment from the State budget and individuals and organisations both from home and abroad, and using it for the upgrade of local socio-economic facilities.
The fund is also entitled to directly invest in projects and provide enterprises with a start-up capital, along with financial consultancy services. — VNS