Ba Ria-Vung Tau: $4 billion investment for the future

Ba Ria-Vung Tau: $4 billion investment for the future

Ba Ria-Vung Tau has seen an impressive increase in investments of over $4 billion in the last five months. Vice Prime Minister Mai Van Chinh recently attended an investment conference organized by the provincial People's Committee where a list of 24 key projects was presented. These projects are intended to help the region achieve its economic goals and represent a significant attraction for investors. Reported in this context Vietnam.vn that the industrial sector in particular benefits from strategic projects.

Among the main projects in the industrial sector are the Bac Chau Duc 1 Industrial Park, which covers 1,200 hectares, and the Long Son LNG thermal power plant, planned on 42.6 hectares (plus 7 hectares of water area for the technical corridor). In the field of seaport and logistics services, the Vung Tau International Passenger Port (54.3 hectares) and the Cai Mep Ha Free Trade Zone (3,764 hectares) are particularly noteworthy. Numerous tourist and urban projects were also presented, which cover an enormous area and are intended to appeal to both local and international investors.

Key projects in detail

The list of 24 projects also includes major offerings in the tourism sector, including a commercial, tourism and entertainment center in Xuyen Moc to be built on 98.56 hectares, and a 30-story luxury hotel in Vung Tau covering 1.4 hectares. The projects are designed to meet the need for leisure and recreational opportunities for tourists as well as the local population. In addition, the plan includes several service and urban development projects that are of great importance for local infrastructure and economic growth.

In addition to these projects, Ba Ria-Vung Tau is investing in important infrastructure, including the construction projects for the Bien Hoa - Vung Tau Highway and the Phuoc An Bridge. Loud VLR.vn Route 991B, which connects National Highway 51 to Cai Mep Port, is also expected to be completed in June 2025.

Growth through public investment

The public investment strategy focused on overall infrastructure development has already borne fruit. It attracted over $1 billion in investments in the first quarter of 2025. In April alone, an additional USD 141 million flowed into the province in eight FDI projects and a total of VND 3,700 billion from seven domestic projects. Companies such as Hyosung, Samsung and Marubeni are showing great interest in investing in Ba Ria-Vung Tau. Hyosung plans to invest an additional $1.5 billion in Vietnam, with a focus on this province.

The need for modernized infrastructure and efficient services is recognized by local authorities. Mr. Pham Viet Thanh, the provincial party secretary, stressed the need to push forward budget revenue and distribution of public investment funds. In this context, a groundbreaking ceremony for a 35-hectare sub-project in the Ho Tram Project was held on May 15, 2025, supported by Mr. Nguyen Van Tho, Chairman of the Provincial People's Committee.

With a focus on continuous administrative reform, improving the quality of human resources and developing supporting industries, Ba Ria-Vung Tau is positioning itself as a premier investment location in southern Vietnam. Promoting key public investment projects, particularly in regional transport infrastructure, is crucial for the region's future development as a center for marine economy, industry and tourism.