Ba Ria-Vung Tau - a good land for investors - Part 2: Taking public investment as the lead, attracting social investment

• Ba Ria-Vung Tau - A good land for investors - Part 1: The journey of non-stop creation

Ba Ria-Vung Tau has been focusing on investing in a synchronous and modern transport infrastructure system connecting regions and inter-regions, taking public investment as the lead, activating and attracting social investment, especially high-quality capital flows.

Leaders of Ho Chi Minh City and Ba Ria-Vung Tau province study diagrams of some connecting traffic routes in the province.

Modern, synchronous infrastructure

At the end of April, Ba Ria-Vung Tau province simultaneously held groundbreaking and inauguration ceremonies for a number of important projects to celebrate the 50th anniversary of the Liberation of the South and National Reunification, mainly transport infrastructure projects.

The highlight is the opening ceremony of the Bien Hoa-Vung Tau Expressway component project, phase 1. The route is 19.5km long and is located in Ba Ria-Vung Tau province. After completion, the project will be operated in sync with the North-South Expressway in the East, Long Thanh airport, connecting economic centers and seaports. Thereby, maximizing the potential of the Cai Mep-Thi Vai port cluster, meeting transportation needs, creating momentum and development space for the Southeast region with modern and synchronous infrastructure. In particular, the project was technically opened 8 months ahead of schedule and will soon be officially put into operation.

These days, the 991B road project connecting National Highway 51 to the downstream of Cai Mep Port is entering the final stage. Mr. Nguyen Van Trinh, Director of the Provincial Department of Agriculture and Regional Traffic Project Management, said that after many years of construction and facing many difficulties, the 991B road project is being accelerated to "finish" in June 2025. "The investor has added subcontractors, mobilized more equipment and human resources, and increased the construction to "3 shifts, 4 crews". The Management Board also holds regular meetings to urge progress and promptly resolve problems," said Mr. Trinh.

Planning work is also gradually being completed, creating a basis for attracting and implementing investment projects. In particular, the Ba Ria-Vung Tau Provincial Planning for the period 2021-2030, with a vision to 2050, has been approved by the Prime Minister, along with plans and development plans for sectors, fields and localities that have been and are being implemented. The pilot project of a number of mechanisms and policies for the development of Con Dao district, which is being approved by competent authorities, will create a complete and strong legal corridor, opening up space for long-term and sustainable development in the coming time. This is an opportunity, the right time, creating favorable conditions for attracting domestic and foreign investment, especially strategic investors playing a leading role, creating momentum for development.

These are two of a series of transport connectivity projects being implemented in the province. Most of these projects are ahead of schedule, symbolizing the speed, effort and determination of the province in implementing transport connectivity infrastructure projects.

Ba Ria-Vung Tau has become a “big construction site” with a series of important technical infrastructure and traffic connection projects being implemented at the same time. This is thanks to the efforts and consensus of the government and people in the province.

It is expected that by mid-2027, the Bien Hoa-Vung Tau expressway, Phuoc An bridge, road 991B and Vung Tau-Binh Thuan coastal road (DT994) projects will be completed, creating a synchronous, multi-modal transport network and expanding development space, making Ba Ria-Vung Tau an important economic gateway of the Southeast region and the whole country.

“Seed capital” to activate social investment

In the development process, Ba Ria-Vung Tau province identifies public investment as an important political task, playing a key role in socio-economic development; playing the role of "opening the way", clearing bottlenecks, creating new momentum, new development space. At the same time, strengthening connections, reducing logistics costs, improving competitiveness. Public investment also plays the role of "seed capital", leading and activating investment in the whole society, strongly attracting private investment and FDI capital flows, promoting production, business, creating jobs and livelihoods for people.

This is clearly demonstrated by the fact that in recent times, provincial leaders have always paid attention to and prioritized resources to focus on synchronous infrastructure investment. In just over 1 month, the Provincial People's Council has organized 3 thematic meetings (session 27, 28, 29) to promptly resolve issues related to allocation and promote disbursement of public investment capital. Thereby, as of March 2025, the medium-term public investment capital of the provincial budget after adjustment for the period 2021-2025 is more than 84,400 billion VND. Of which, development investment expenditure in 2025 accounts for 71.6% of total expenditure, mostly for connecting traffic projects. This is also the province's determination to actively reduce regular expenditure and increase resources for investment expenditure.

Cua Lap 2 Bridge, part of the Vung Tau-Binh Thuan coastal road project (DT 994), connecting coastal tourist centers, has taken shape.

Speaking at the meetings, Mr. Pham Viet Thanh, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the People's Council, emphasized that it is necessary to concentrate resources on transport infrastructure. Thereby, taking public investment as the lead, activating and attracting social investment; increasing resources for socio-economic development, improving the quality of life and happiness of the people.

With resources, effective utilization is especially important. Therefore, the Provincial People's Committee has requested investors to disburse public investment capital quickly and in accordance with regulations. At working sessions with departments, branches, localities, investors and on-site surveys, Mr. Nguyen Van Tho, Chairman of the Provincial People's Committee, also emphasized that heads of agencies and units must uphold their responsibilities, grasp the situation, clearly identify the obstacles and causes of slow disbursement of each project. From there, there are solutions to remove them, especially related to common obstacles that cause slow disbursement of capital due to procedures on land, resources, and site clearance. In particular, it is necessary to do a good job of resettlement and propaganda to gain people's consensus.

(To be continued)

Article and photos: QUANG VINH

Source: https://baobariavungtau.com.vn/kinh-te/202505/ba-ria-vung-tau-mien-dat-lanh-cua-nha-dau-tu-ky-2-lay-dau-tu-cong-dan-dat-thu-hut-dau-tu-xa-hoi-1043164/