Ba Ria-Vung Tau: Investments are booming – future as a development metropolis!

Ba Ria-Vung Tau: Investments are booming – future as a development metropolis!

Ba Ria-Vung Tau has attracted over $4 billion in investments in the first five months of 2025, making the province one of the most dynamic locations for investment in Vietnam. This achievement was announced during the 2025 Investment Conference held on May 30 under the theme “The Choice for Ba Ria-Vung Tau.” At this conference, the province announced 24 key projects to attract further investment and highlighted the province's strategic location in the southeastern United States, which offers advantages in oil and gas, international seaports, and logistics and tourism. Loud Vietnam.vn The province ranks 6th in gross domestic product, 4th in budget revenue and 5th in foreign investment.

In his speech, Deputy Prime Minister Mai Van Chinh highlighted the need to renew the province's thinking and development vision. In his speech, he emphasized the importance of effectively using the natural advantages as a gateway to the sea and strengthening regional connectivity. This is seen as crucial for the future development of the province, particularly given its good growing conditions and potential for rapid and sustainable development.

Strategic measures for the future

The province is committed to a future growth model that emphasizes innovation and the application of science and technology. The aim is to develop key industries, including manufacturing, high technology, clean agriculture, and high-quality services and tourism. To achieve this, improvements in the investment environment, administrative reforms and digital transformation are essential. The government is also calling for increased investment in transport, urban, health and education infrastructure.

Another important aspect that was addressed at the conference is the support of business developments, innovative startups and small and medium-sized companies. In addition, it was emphasized that developing highly qualified human resources and ensuring social security in the province are essential. Ba Ria-Vung Tau strives for green development and a circular economy to meet the challenges of climate change.

International cooperation and regional role

The province aims to strengthen its international cooperation and improve its image. This is intended to make Ba Ria-Vung Tau, together with Ho Chi Minh City and Binh Duong, one of the region's most important development engines. The Deputy Prime Minister stressed the government's determination to support the province's development. With the goal of achieving social investment capital of VND240 trillion from 2021 to 2024, over 76% of which will come from national and international companies, the province will look to the future with a clear vision. These approaches show that Ba Ria-Vung Tau is on a promising path to sustainably advance its economic and social development.

Further information can be found at Viet Nam Plus.