Ba Ria - Vung Tau: A fertile land attracting domestic and foreign investors

With an important strategic location, special natural conditions and a continuously improving investment environment, Ba Ria - Vung Tau is one of the attractive destinations for domestic and foreign investors.

Good land for investors

Investment attraction activities not only act as a driving force for economic growth but also contribute to promoting industry restructuring, infrastructure development and deep integration of Ba Ria - Vung Tau in particular and the whole country in general.

The People's Committee of Ba Ria - Vung Tau province said that up to now, the locality has attracted more than 1,200 domestic and foreign investment projects, with a total registered capital of about 54 billion USD. Of these, there are 503 foreign direct investment (FDI) projects from more than 30 countries and territories, with a total capital of about 35 billion USD.

The projects are spread across many fields such as industry, seaports, logistics, tourism , real estate and energy, creating a synchronous and sustainable development appearance.

Mr. Hoang Vu Thanh - Director of the Department of Finance of Ba Ria - Vung Tau province said that in the first 5 months of 2025, the locality has newly granted and adjusted 73 projects with a total converted investment capital of up to 4 billion USD. Of which, there are 37 FDI projects with a total newly registered and increased capital of about 1.25 billion USD; 36 domestic projects with a total newly registered and adjusted investment capital of more than 71,400 billion VND, equivalent to 2.75 billion USD.

“This impressive result reflects the favorable investment environment and business-supporting policies that the province has persistently implemented over the past many years,” said Mr. Bar.

Ba Ria - Vung Tau has attracted many projects applying modern and introducing technology. In the photo: Workers are working at Coretronic Vietnam Technology Co., Ltd. (Phu My City). Photo: Quang Vinh

In Ba Ria - Vung Tau province, in mid-May, two major projects with a total investment capital of more than 2.4 billion USD were started. That is the new subdivision project of The Grand Ho Tram (Xuyen Moc district) with a total investment capital of more than 1 billion USD, by the investor, a leading private enterprise headquartered in the US, currently managing a portfolio of assets of more than 90 billion USD globally.

The second project is the 3/2 Street urban area, with a scale of 96 hectares and a total investment of nearly 37 trillion VND in Ward 10 and Ward 11 (Vung Tau City) ofSun Group .

The numbers and large projects demonstrate investors' confidence in the stable environment and long-term development potential of Ba Ria - Vung Tau.

Government acccompanies businesses and investors

With strong support from the Central Government, flexible management from local authorities and proactiveness from investors, many large-scale projects have been formed very early in Ba Ria - Vung Tau province. Major domestic and foreign brands have chosen Ba Ria - Vung Tau as the place to locate their production facilities and distribution centers, creating a positive spillover effect for the investment environment of the whole province.

To achieve this, Ba Ria - Vung Tau province always focuses on improving the investment environment, promoting administrative reforms and enhancing business support capacity. Procedures for licensing, planning, site clearance and infrastructure connection are carried out quickly and effectively, creating trust with the investor community.

Many public-private partnership models and bidding to select investors have been successfully implemented, contributing to creating a spreading momentum.

A corner of Long Son Petrochemical Complex (Vung Tau City) with a total investment of more than 5 billion USD. Photo: LSP

In addition to attracting capital, Ba Ria - Vung Tau also focuses on project quality and investment efficiency, prioritizing projects with advanced technology, environmental friendliness, efficient use of resources and long-term contribution to the local budget. This is a strategic step to form a green, modern and sustainable investment ecosystem.

Ba Ria - Vung Tau aims to become a modern industrial, seaport and logistics center of the country and the region, while strongly developing the marine economy, renewable energy and high-quality tourism. The locality continues to expand clean land funds, complete technical infrastructure in industrial parks, logistics service areas and ecological urban areas, and issue specific support policies to attract investors.

Mr. Nguyen Van Tho - Chairman of the People's Committee of Ba Ria - Vung Tau province shared: "Investors choose Ba Ria - Vung Tau and we choose investors to create sustainable development values ​​​​together. The government always considers the success of enterprises as the success of the locality".

According to Mr. Tho, the province is determined to selectively attract investment, prioritizing high technology, high added value, environmental friendliness and ensuring harmony of development interests.

With high determination, strategic vision and the spirit of accompanying businesses, Ba Ria - Vung Tau has become a destination to attract high-quality investment in Vietnam, creating favorable conditions for regional development linkage and increasing economic value after administrative boundary merger. The achievements in attracting investment not only create a boost for economic growth, but also serve as a foundation to realize the aspiration for comprehensive development, international integration and improving people's lives in the future.

Quang Hung

Source: https://vietnamnet.vn/ba-ria-vung-tau-vung-dat-lanh-thu-hut-nha-dau-tu-trong-va-ngoai-nuoc-2418169.html