Ba Ria-Vung Tau - A good land for investors - Final episode: Great confidence creates great capital flow

• 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 endless creation

Ba Ria - Vung Tau is emerging as an attractive destination, with large projects in many fields. The billion-dollar projects continuously "arriving" in Ba Ria - Vung Tau have reflected investors' confidence in the province's development potential and in-depth investment attraction policies.

Not only attracting investment in many large projects, Ba Ria - Vung Tau province also signed strategic cooperation agreements with many large enterprises and corporations pioneering in many fields. In the photo: Provincial Party Secretary Pham Viet Thanh and FPT Corporation Chairman Truong Gia Binh witnessed the signing ceremony of a comprehensive cooperation agreement on digital transformation between Ba Ria - Vung Tau province and FPT Corporation.

2 more billion dollar projects in the good land

In just 2 days, May 15 and 16, 2025, 2 projects with a total investment capital of more than 2.4 billion USD were started.

This is the new subdivision project of The Grand Ho Tram (Xuyen Moc district) with a total investment of over 1 billion USD. The investor is a leading private enterprise headquartered in the US, currently managing a portfolio of assets worth over 90 billion USD globally.

The new 35ha subdivision of The Grand Ho Tram is the result of cooperation between Lodgis Hospitality Holdings and VinaLiving. This subdivision includes a 5-star hotel system, resort villas, entertainment facilities, casino, international convention and exhibition center. The project has more than 6,000 rooms serving about 18,000 guests per day. This is part of the overall The Grand Ho Tram project and contributes to raising the total investment capital of the project to more than 4 billion USD, with a scale of 9,000 rooms, becoming the leading international resort in Southeast Asia.

Ba Ria - Vung Tau province has attracted many projects applying modern and pioneering technology. In the photo: Production at Coretronic Vietnam Technology Co., Ltd. (Phu My City).

The second billion-dollar project is the 3/2 Street Urban Area in Ward 10 and Ward 11 (Vung Tau City) with the investor being Sun Group Corporation - one of Vietnam's leading enterprises in real estate, urban areas, and tourism. With a scale of 96 hectares and a total investment of nearly 37 trillion VND, this project includes subdivisions: high-rise apartments, low-rise villas, retail complexes, hotel condotels. And the special highlight is the 19-hectare theme water park, promising to become the top tourist attraction in the Southeast.

It can be seen that although one project comes from a domestic enterprise and the other from a foreign corporation, both fully converge international values, with an unprecedented scale in Ba Ria-Vung Tau.

The Grand Ho Tram has affirmed its position and class for more than a decade, contributing to making Ho Tram a prominent destination on the national tourism map. Up to now, the project continues to expand towards international standards, with a standard resort model.

Meanwhile, 3/2 Urban Area is the first investment of Sun Group in Ba Ria - Vung Tau. Right from its first presence, this enterprise has shown great ambition, creating a new highlight space on the national coastal urban development map, contributing to improving the appearance of Vung Tau and promoting the goal of turning the locality into a growth pole of the region.

Create opportunities and take advantage of them effectively

Attracting two projects with billions of USD in investment capital in just a short time, one of which is from a long-standing partner operating effectively in the locality, and one of which is from a strategic investor for the first time, shows the growing confidence of the business community in the investment environment of Ba Ria - Vung Tau. This is also a clear demonstration of the positive changes in leadership, direction, and management, creating the image of the province as a strategic destination, rich in potential and opportunities on the national and regional investment map.

The chart shows the amount of foreign investment capital FDI in Ba Ria-Vung Tau in the period of 2019-2024, in which, 2024 saw remarkable growth after a period affected by COVID-19. Graphics: DINH TAM - QUANG VINH

Up to now, the number of projects with investment capital of billions of USD in the province has been expanded and diversified in many fields: from industry, urban - service, high-quality tourism. Among them, there are projects of the world's leading corporations, contributing to shaping Ba Ria - Vung Tau into the center of some important fields of the country such as petrochemicals, energy, high-quality tourism.

The province has attracted about 1,250 projects with a total capital of nearly 52 billion USD. Of these, there are more than 500 FDI projects with a total capital of about 34 billion USD. A special point is that the average investment rate of each project in the province has a capital of about 70 million USD. This is the highest level among the top localities in the country in attracting investment, demonstrating the selective investment attraction orientation of Ba Ria - Vung Tau over the past many years.

At a recent working session with Sun Group, Mr. Pham Viet Thanh, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the People's Council of Ba Ria - Vung Tau province, stated that attracting reputable investors with strong financial potential to many different fields is not only due to existing potential and advantages, but more importantly, it is the synchronous efforts of the entire local political system. The province has been focusing on removing bottlenecks, from multi-modal transport infrastructure to "soft" infrastructure such as administrative procedure reform and improving the quality of economic management.

Secretary of the Provincial Party Committee Pham Viet Thanh emphasized that with the efforts of the entire political system, people and businesses, Ba Ria - Vung Tau province has full opportunities and is ready to accompany large and prestigious investors to implement strategic, large-scale projects that are dynamic and have a spillover effect not only for the locality but also for the entire Southern key economic region.

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-cuoi-niem-tin-lon-tao-dong-von-lon-1043265/