Ba Ria – Vung Tau is a province in the Southeast region of Vietnam, located in the country’s key economic zone. The province serves as a gateway to the East Sea for other provinces in the region and is the only province in the Southeast with a coastline.
Ba Ria – Vung Tau has significant potential for developing maritime economic sectors such as oil and gas exploitation, seaports and maritime transport, fisheries exploitation and processing, and beach resort and recreational tourism.
The province boasts a comprehensive transportation system, including road, air, water, and rail networks, making it a convenient transit hub for domestic and international destinations. This connectivity has attracted the attention of both domestic and international businesses.
In 2024, Ba Ria – Vung Tau ranked 6th in terms of GRDP scale (after Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, and Hai Phong), 4th in budget revenue (after Ho Chi Minh City, Hanoi, and Hai Phong), and 5th in foreign investment attraction, despite accounting for only 0.6% of the country’s land area and 1% of its population.
Currently, Ba Ria – Vung Tau has over 1,200 investment projects with a total capital of nearly USD 54 billion. This includes 503 foreign-invested projects (FDI) from 30 countries and territories, with a registered capital of USD 34.678 billion (ranking 5th in the country), and 712 domestic projects with a registered capital of VND 470,000 billion.
At the Ba Ria – Vung Tau Investment Promotion Conference held this morning, the province granted investment certificates, investment policies, investment expansion, and project adjustments to 53 enterprises and investors, including 27 domestic and 26 foreign-invested projects. The total investment of these projects exceeds VND 100,000 billion.
Some of the large-scale investment projects include the Urban Area on 3 Thang 2 Street in Vung Tau City with an investment of nearly VND 35,000 billion, the Thai Dai An Urban Area with an investment of over VND 4,000 billion, and the Long Son Petrochemical Complex with an additional investment of USD 400 million.
Strategically located as the gateway to the East Sea for the Southeast region, Ba Ria – Vung Tau possesses natural advantages, infrastructure, and resources to develop key economic sectors such as industry, seaports and logistics, tourism and urban development, and high-quality services.
At the conference, the People’s Committee of Ba Ria – Vung Tau province announced a list of 24 key projects for investment attraction in the coming period, focusing on four main economic pillars: industry, seaports and logistics services, tourism and urban development, and services.
Notable projects include the Bac Chau Duc Industrial Park, the Long Son LNG Power Plant, the Vung Tau International Passenger Port, the 184.23-hectare Long Son General Port, the 3,764-hectare Cai Mep Ha Free Trade Zone, the 450-hectare Phu My No.1 Trade and Logistics Service Zone, the 420-hectare Phu My No.2 Trade and Logistics Service Zone, the 110-hectare Cu Lao – Ben Dinh Urban Area (Vung Tau), the 1,389-hectare Go Gang Urban Area (Vung Tau), the 420.45-hectare Bac Phuoc Thang Tourism Area (Vung Tau), and the 1,794.3-hectare Tay Nam New Urban Area (Ba Ria).
In 2024, Ba Ria – Vung Tau’s GRDP grew by 11.72% compared to the previous year, the highest in a decade. The province’s per capita GRDP exceeded USD 9,000, placing it among the country’s leading provinces.
For 2025, Ba Ria – Vung Tau aims to achieve a GRDP growth rate (excluding crude oil and gas) of 10%. In terms of investment attraction, the province plans to mobilize approximately VND 135,067 billion, including foreign investment of about VND 53,550 billion and domestic investment of about VND 81,517 billion.
The merger of Ho Chi Minh City, Binh Duong, and Ba Ria – Vung Tau will create a new administrative unit – Ho Chi Minh City, offering more extensive development space and greater potential and advantages. This will provide a stronger impetus to maximize the region’s potential and propel it towards a new phase of faster and more sustainable growth.
An Open Letter from Billionaire Tran Ba Duong: THACO’s Proposal to Invest in the High-Speed North-South Railway Project Valued at US$61.35 Billion
Chairman of THACO’s Board of Directors, Tran Ba Duong, has reached out to shareholders, partners, and employees regarding the company’s proposal to invest in the North-South High-Speed Rail Project. This move showcases THACO’s sense of responsibility and determination to contribute to Vietnam’s key national infrastructure projects.
“Local Authorities to Determine Eligibility Criteria for Social Housing Purchase and Rent-to-Buy Schemes.”
The legislature has recently passed a resolution to pilot several special policies to promote the development of social housing. This move empowers local governments to establish practical criteria for approving individuals to purchase or rent-to-own social housing.
The Grand Unveiling: A $1.5 Billion Urban Project in Ba Ria – Vung Tau
The People’s Committee of Ba Ria – Vung Tau province has unveiled exciting plans for a new urban development project along the iconic 3rd of February Street. This transformative initiative promises to reshape the urban landscape and enhance the lives of residents and businesses alike. With careful planning and a commitment to excellence, this project is poised to become a shining example of modern urban development.
Unlocking Vietnam’s Potential: A $30-Trillion International Airport and a $9.5-Trillion Urban Development Project Take Off
The new urban area in Dinh Bang Ward, Tu Son City, Bac Ninh Province boasts a total investment of over 9.5 trillion VND. This ambitious development project promises to transform the landscape and elevate the standard of living for residents in the area. With a meticulous master plan that balances modern amenities and green spaces, this urban oasis is poised to become a sought-after destination for those seeking a harmonious blend of city convenience and natural tranquility.
The Underground Challenge: Ho Chi Minh City’s 35km Metro Mission
“According to experts, Ho Chi Minh City should closely align the planning of each metro line with the TOD model, effectively utilizing both domestic and international consultants. “
