In August 2024, the People’s Committee of Ba Ria-Vung Tau province announced a list of nine land plots to be auctioned off for usage rights in 2024. Among these, a 3-hectare plot of land in the former Vung Tau tourism market has garnered significant interest.
This plot is located in a prime position on Nguyen Bieu Street, in the heart of Thang Tam Ward. It borders Bai Sau in Vung Tau city and sits directly behind the luxurious 5-star Imperial Vung Tau Hotel. The land has been appraised as a prime location with immense development potential.
Previously, this land was leased to the Vietnam Science and Technology Company (Busadco) for the development of the Vung Tau Tourism Market. Small businesses then signed contracts with Busadco to construct nearly 600 kiosks, offering a diverse range of products from culinary delights to artisanal crafts.
However, due to a lack of management, the tourism market fell into disarray. Seafood vendors and beer gardens caused environmental pollution, negatively impacting the tourism and relaxation experiences of guests staying in nearby hotels and residences.
Consequently, in 2020, the local authorities made the decision to reclaim the land. It was then handed over to the provincial Land Development Center to formulate a plan for auctioning off the land usage rights in accordance with regulations.
By 2022, the entire area had been recovered. The small businesses ceased their operations, removed their assets, and handed over the site to the local authorities.
Presently, the local government has enclosed the area with fencing to prevent encroachment. They have also deployed regular patrols to safeguard the site and prohibit gatherings.
The local authorities are expected to approve the auction decision and conduct the auction in December 2024.
Additionally, the Nghinh Phong Cape, spanning almost 14 hectares, is one of the nine land plots slated for auction this year. This site is also considered a prime location, with one side bordering Ha Long Road (Ward 2, Vung Tau) and the remaining three sides bordering the sea.
The nine land plots up for auction by Ba Ria-Vung Tau province this year are anticipated to generate approximately VND 11,000 billion for the province. The auction will cater to various purposes, including medical, residential, and predominantly commercial and service-oriented ventures.
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