Good government, good business, and we choose each other

The conference was held in the context of Ba Ria-Vung Tau successfully welcoming a wave of high-quality investment. With many activities, the province granted investment certificates, introduced its potential, strengths and announced a list of key projects calling for investment in the coming time.

Delegates took souvenir photos at the groundbreaking ceremony of the new 35-hectare subdivision of The Grand Ho Tram (Xuyen Moc district).

Choose Ba Ria-Vung Tau to build "billion dollar" projects

In early May, Ho Tram Project Company Limited started construction of a new 35-hectare subdivision of The Grand Ho Tram in Xuyen Moc district with an investment capital of 1 billion USD. With a system of 5-star hotels, resort villas, entertainment facilities, casinos, international convention and exhibition centers. Thus, with 1.4 billion USD previously disbursed and more than 1 billion USD for the new subdivision, The Grand Ho Tram demonstrates a strong commitment to long-term development orientation in Ba Ria-Vung Tau.

Mr. Walt Power, CEO of The Grand Ho Tram said: “The transport infrastructure is gradually being improved, helping to shorten travel time, the number of domestic and international visitors is increasing rapidly every year, we are completely confident that Ho Tram will become a leading destination in the region”.

Many enterprises and investors, after being successful in production and business in Ba Ria-Vung Tau, have chosen to continue to accompany the locality for a long time by implementing large-scale, strategic and sustainable projects.

Hyosung Group is taking concrete actions to realize its commitment to turn Ba Ria-Vung Tau into a center for biotechnology and advanced materials production in Vietnam and the region. After the PP factory and LPG underground storage project worth 1.3 billion USD, which will be operational from 2021, the Korean petrochemical industry "eagle" continues to effectively implement the carbon fiber factory project (expected to be operational in July 2025) and the biofiber factory made from raw sugar with the most advanced technology in the world . The total investment capital of these two projects is 1.28 billion USD.

These are 2 of many enterprises with many outstanding projects invested in Ba Ria-Vung Tau province in various fields. Since the beginning of the year, Ba Ria-Vung Tau province has granted new investment certificates and increased capital for 73 projects with a total converted capital of more than 4 billion USD. Of which, 37 FDI projects with a total capital of 1.25 billion USD and 36 domestic projects with a total capital of more than 71,400 billion VND (converted to about 2.75 billion USD). Many outstanding projects include: Colorful Nylon Fiber Company Limited's artificial fiber factory with a capital of 120 million USD; Long Son Petrochemical Complex project with an increased capital of 400 million USD; 3/2 Street urban area project with nearly 35 trillion VND; My Xuan International General Port with more than 5,700 billion VND...

A notable point is that the investment ratio in the first 5 months of 2025 of the province reached nearly 54.8 million USD/project of domestic capital and FDI (new or increased capital). This figure shows the province's orientation to attract selective investment projects in recent times.

The Ba Ria-Vung Tau government always strives to create the best investment, production and business environment for enterprises. In the photo: Chairman of the Provincial People's Committee Nguyen Van Tho received and worked with the Japanese Business Association in Ho Chi Minh City, May 2025.

For the development of Ba Ria-Vung Tau

Mr. He Hongbing, General Director of BOE Audio-Visual Electronic Technology Co., Ltd. (China) said that Ba Ria-Vung Tau has a favorable geographical location, with a Cai Mep-Thi Vai deep-water port system, near Long Thanh international airport under construction, complete infrastructure, and convenient transportation.

When implementing the project, the “plus point” for the province is that the government has strongly supported and wholeheartedly helped the investor. The proof is that from the meeting to report and discuss the investment plan until the groundbreaking took only a very short time. Thereby, BOE’s smart terminal factory worth more than 275 million USD is expected to officially operate in 2025.

Recently, at the reception of the Japanese Business Association delegation in Ho Chi Minh City, Mr. Nguyen Van Tho, Chairman of the Provincial People's Committee, said that to become an attractive destination for large investors, the provincial government always strives to improve every day and has achieved many impressive results.

In 2024, for the first time, Ba Ria-Vung Tau province is in the top 5 rankings of important indicators on administrative reform and improving the quality of service for people and businesses. Specifically, the Provincial Competitiveness Index (PCI) reached 71.17 points, ranking 5th nationwide and leading the Southeast region. The administrative reform index (PAR INDEX) reached 93.35%, up 3 places and rising to 2nd place nationwide. The Satisfaction Index on Administrative Services (SIPAS) ranked 5th, reflecting the high level of satisfaction of people with the province's public services. This is the "sweet fruit" of the persistent and continuous efforts of the provincial government.

Ba Ria-Vung Tau province is determined to selectively attract investment. In the photo: Workers of Coretronic Technology Co., Ltd. install TV and computer screens.

The favorable investment and business environment is not only reflected through the numbers and rankings, but also through each industrial park, factory, urban area, tourism and resort project that has continuously come into operation, contributing to the strong development of the province in recent times.

However, the connection between Ba Ria-Vung Tau and investors can hardly be sustainable if the efforts come from only one side. Therefore, the locality's requirement is that enterprises and investors producing and trading in Ba Ria-Vung Tau always accompany and agree with the province in complying with legal regulations, ensuring security, safety and social security, especially environmental protection.

After nearly 35 years of establishment, Ba Ria-Vung Tau province has more than 1,200 investment projects, including 715 domestic investment projects with a total capital of nearly 474,000 billion VND; more than 500 foreign investment projects (from 30 countries and territories) with a total capital of about 35 billion USD. High-quality investment capital is one of the important achievements in the socio-economic development of the province.

With a vision and orientation for breakthrough development but must be sustainable and long-term, Ba Ria-Vung Tau province also hopes to "have met" and continue to have more good companions. These are domestic and foreign enterprises and corporations that bring high-quality capital flows, with projects that create sustainable development value for the locality.

“We always strive to create the best conditions for investors with the motto that the success of enterprises is the success of the locality, but will certainly continue to steadfastly attract selective investment, prioritizing green, high-tech projects with high added value, raising the position of the locality in the global value chain in the new development context”, Chairman of the Provincial People's Committee Nguyen Van Tho affirmed.

Article and photos: QUANG VINH

Source: https://baobariavungtau.com.vn/kinh-te/202505/chinh-quyen-tot-doanh-nghiep-tot-va-chung-ta-chon-nhau-1043922/