More than 4 billion USD poured into Ba Ria - Vung Tau

TPO - At the 2025 investment conference with the theme "Choosing Ba Ria - Vung Tau", the People's Committee of Ba Ria - Vung Tau province awarded certificates and investment policy decisions to 53 projects with a total investment capital of more than 1 billion USD and 71,000 billion VND.

Gateway to the sea advantage

On May 30, the People's Committee of Ba Ria - Vung Tau province held an investment conference in 2025 with the theme "Choosing Ba Ria - Vung Tau". Speaking at the conference, Deputy Prime Minister Mai Van Chinh emphasized that the province needs to renew its thinking and development vision, and maximize its resources for sustainable development.

Deputy Prime Minister Mai Van Chinh spoke at the conference.

Deputy Prime Minister Mai Van Chinh stated that Ba Ria - Vung Tau has a strategic position in the Southeast region, possessing outstanding advantages in oil and gas, international seaports, logistics services, tourism and marine economy . The province has great potential for rapid and sustainable development and creating spillover effects in the region and the whole country.

In the period of 2021 - 2024, the total social investment capital will reach VND 240,000 billion, of which domestic and foreign enterprises will contribute more than 76%. The province ranks 6th in the country in terms of GRDP scale, 4th in budget revenue and 5th in attracting foreign investment.

“I appreciate the results the province has achieved and suggest continuing efforts to effectively promote its potential. Ba Ria-Vung Tau needs to renew its development thinking, promote its historical and cultural traditions, and flexibly adapt to the new situation. The province should effectively exploit its advantages as a gateway to the sea, strengthen regional connectivity, and participate deeply in global supply chains,” the Deputy Prime Minister emphasized.

Deputy Prime Minister Mai Van Chinh said that the growth model in the future needs to shift strongly based on innovation and application of science and technology to improve productivity and competitiveness, and develop key industries such as processing industry, high technology, clean agriculture, high-quality services and tourism.

In the future, together with Ho Chi Minh City and Binh Duong, Ba Ria - Vung Tau will become one of the major development drivers of the Southeast region and the whole country. The Government is committed to strongly accompanying and creating the most favorable conditions for the province to further develop.

Mr. Nguyen Van Tho, Chairman of Ba Ria - Vung Tau Provincial People's Committee spoke at the conference.

According to Mr. Nguyen Van Tho - Chairman of the People's Committee of Ba Ria - Vung Tau province, after more than 30 years of establishment, the province currently has more than 1,200 domestic and foreign investment projects with a total capital of about 54 billion USD. Of which, there are 503 foreign investment projects with a total capital of about 35 billion USD from 30 countries and territories. In the first 5 months of this year, the province has granted investment certificates to 73 domestic and foreign projects with a total capital of nearly 100,000 billion VND, of which foreign direct investment (FDI) capital is more than 4 billion USD.

“The event of granting investment certificates today is a clear demonstration of the province’s potential and advantages and the confidence of investors in the investment environment in Ba Ria - Vung Tau,” said Mr. Tho.

Huge project waiting for investors

At the 2025 investment conference, the People's Committee of Ba Ria - Vung Tau province announced a list of 24 key projects calling for investment in the coming period. Specifically, with the industrial pillar, the province called for investment in the Bac Chau Duc 1 Industrial Park project with an area of ​​1,200 hectares, and the Long Son LNG thermal power plant with an area of ​​nearly 43 hectares (plus 7 hectares of water surface for the technical corridor).

In the seaport and logistics service pillar, Ba Ria - Vung Tau calls for investment in projects such as Vung Tau International Passenger Port with an area of ​​over 54 hectares, Long Son general port with an area of ​​over 184 hectares, Cai Mep Ha Free Trade Zone with an area of ​​3,764 hectares, Phu My No. 1 logistics service and trade area with an area of ​​450 hectares, Phu My No. 2 logistics service and trade area with an area of ​​420 hectares.

Leaders of Ba Ria - Vung Tau province awarded investment certificates to enterprises at the conference.

Also at the investment conference, the People's Committee of Ba Ria - Vung Tau province held a signing ceremony for strategic cooperation with major investors in the fields of digital transformation, urban areas, tourism, and tourism brand development. In addition, Ba Ria - Vung Tau granted certificates and investment policy decisions to 53 projects with a total investment of more than 1 billion USD and 71,000 billion VND.

Duy Quang

Source: https://tienphong.vn/hon-4-ty-usd-do-vao-ba-ria-vung-tau-post1746876.tpo