TẠP CHÍ ĐIỆN TỬ
Ba Ria - Vung Tau pushes for greater investment in strategic infrastructure
Investment focuses on three key pillars: industry, seaports-logistics, and tourism.
Ba Ria - Vung Tau province is making major strides in attracting investment for infrastructure development, focusing on three key pillars: industry, seaports-logistics, and tourism.
As part of this initiative, provincial authorities have announced 24 major investment projects and signed multiple cooperation agreements ahead of an upcoming economic merger.
This announcement was made at the 2025 Investment Conference, themed "Choosing Ba Ria - Vung Tau," organized recently by the Provincial People's Committee. The event saw participation from government leaders, alongside over 250 domestic and foreign entrepreneurs and investors.
The 24 investment projects aim to strengthen the province’s economic foundation, with notable developments, including: Bac Chau Duc 1 Industrial Park (1,200 ha), Long Son LNG Thermal Power Plant (nearly 43 ha), Vung Tau International Passenger Port (54 ha), Cai Mep Ha Free Trade Zone (3,764 ha), and various logistics zones in Phu My district.
In 2024, the locality ranked 6th nationwide in Gross Regional Domestic Product (GRDP) scale, 4th in budget revenue, and 5th in attracting Foreign Direct Investment (FDI).
The province currently hosts over 1,200 investment projects, with a total capital of nearly $54 billion, including 503 FDI projects from 30 countries and territories. In just the first five months of 2025, 73 new projects were licensed, with registered FDI capital exceeding $4 billion.
Speaking at the conference, British Consul General in Ho Chi Minh City, Ms. Alexandra Smith, highlighted Ba Ria - Vung Tau’s distinct advantages, including its deep-water ports, renewable energy potential, and strategic proximity to major markets.
She emphasized the importance of maintaining investor confidence through transparency, streamlined administrative procedures, and a strong emphasis on green growth and freight transport.
On the occasion, the province awarded investment certificates and decisions for 53 domestic and foreign-invested projects, totaling over $1 billion and VND 71 trillion ($2.7 billion).
