Many high growth indicators
In the first 6 months of 2025 , Ba Ria - Vung Tau province has drastically and synchronously implemented tasks and solutions to support businesses, promote production and business, and investment activities of the state and enterprises.
The results of economic development have changed in a more positive direction compared to the same period and the first quarter of 2025. Specifically, 9/13 economic and financial indicators have growth rates compared to the same period and higher than the growth rate of the whole year 2025 according to the Resolution of the Provincial People's Council; 3/13 economic and financial indicators have growth rates higher than the same period but lower than the Resolution of the Provincial People's Council.
The fields of culture, sports, health, education, science and technology... have been promoted, contributing to improving the quality of people's lives. In addition, administrative reform, anti-corruption and negativity have been promoted; politics and society are stable, national defense and security are maintained, and social order and safety are ensured.
At the end of May, Ba Ria - Vung Tau province successfully organized the 2025 investment promotion conference and called for investment in the list of investment calling projects for the period 2025-2030, creating a strong driving force for attracting investment and promoting the local image.
According to the report of the People's Committee of Ba Ria - Vung Tau province, compared to the same period in 2024, in the first 6 months of 2025, the value of industrial production (excluding oil and gas) increased by 11.77%; total retail sales of goods increased by 13.96%; revenue from accommodation services increased by 22.68%; revenue from travel services increased by 15.72%; revenue from transportation and warehousing increased by 10.53%.
Regarding import and export, export turnover (excluding crude oil) increased by 1.06% and import increased by 0.13%. Agricultural production value increased by 4.14%, fishery increased by 3.88% and forestry production value increased by 1.02%.
The total state budget revenue in the province reached about 47,908 billion VND, reaching 46.67% of the adjusted estimate and decreasing 0.3% over the same period. Of which, the largest revenue was from foreign-invested enterprises at 8,600 billion VND.
Total development investment capital in the province is estimated at VND41,214 billion, reaching 39.46% of the plan and increasing by 36.45% over the same period. Of which, local budget capital is estimated at VND10,434 billion, and enterprise investment capital is estimated at VND30,780 billion.
Total newly-registered and increased domestic and foreign investment capital is estimated at 1,261 million USD and 76,484 billion VND, equivalent to 109,290 billion VND, up 66.47% over the same period. Of which, FDI capital reached 60.1% of the plan (2.1 billion USD), domestic investment capital reached 93.8% of the plan (81,517 billion VND).
Up to now, the province has 19,527 enterprises, with a total registered capital of 702,256 billion VND, and a total registered workforce of 227,073 workers.
Implementing Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo, Ba Ria - Vung Tau province has advised on developing the Action Program of the Provincial Party Committee Standing Committee on private economic development, which clearly identifies 8 specific tasks and solutions.
Aiming for 10% GRDP growth target
On February 21, 2025, the Ba Ria - Vung Tau Provincial Party Committee issued Action Program No. 43-CTr/TU to implement Conclusion No. 123-KL/TW of the Party Central Committee on the Project to supplement and develop the socio-economy in 2025. With the target of GRDP growth (excluding crude oil and gas) reaching 10%, the locality is determined to create a solid foundation for sustainable development in the next period.
To achieve this goal, the Ba Ria - Vung Tau Provincial Party Committee emphasized raising awareness and responsibility of the entire political system, business community and people of all walks of life.
The specific solution is to focus on developing key economic sectors such as industry, services, high-tech agriculture and attracting investment. In particular, the implementation of major projects such as the special mechanism for the development of Con Dao district and the Cai Mep Ha free trade zone are identified as new driving forces.
The locality also focuses on promoting science and technology, digital transformation, green economy and circular economy, while supporting businesses to build local data centers.
Along with economic development, Ba Ria - Vung Tau province focuses on administrative reform and improving the quality of human resources. The business investment environment will be substantially improved, with regular dialogues to remove difficulties for businesses.
Quang Hung
Source: https://vietnamnet.vn/6-thang-dau-nam-kinh-te-ba-ria-vung-tau-chuyen-bien-tich-cuc-2415799.html
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