Seizing the Coastal Gateway Advantage
On May 30, 2025, the People’s Committee of Ba Ria – Vung Tau province organized an investment conference with the theme “Choose Ba Ria – Vung Tau”. Speaking at the conference, Deputy Prime Minister Mai Van Chinh emphasized the need for the province to innovate its development mindset and vision, and maximize its resources for sustainable development.
Deputy Prime Minister Mai Van Chinh speaking at the conference.
Deputy Prime Minister Mai Van Chinh acknowledged the strategic location of Ba Ria – Vung Tau in the Southeast region, highlighting its prominent advantages in oil and gas, international seaports, logistics services, tourism, and marine economy. The province has vast potential for rapid and sustainable development, creating a positive spillover effect in the region and the country.
During the 2021 – 2024 period, the province achieved a total social investment capital of VND 240,000 billion, with domestic and foreign enterprises contributing over 76%. Ba Ria – Vung Tau ranks 6th in the country in terms of GRDP scale, 4th in budget revenue, and 5th in foreign investment attraction.
“I highly appreciate the province’s achievements and propose to continue efforts to promote the effective utilization of its potential. Ba Ria-Vung Tau needs to innovate its development mindset, build on its historical and cultural traditions, and adapt flexibly to new situations,” emphasized the Deputy Prime Minister. He further stressed the importance of capitalizing on the province’s coastal gateway advantage, strengthening regional linkages, and actively participating in global supply chains.
Regarding the growth model, Deputy Prime Minister Mai Van Chinh suggested a strong shift towards innovation and the application of science and technology to enhance productivity and competitiveness. He identified key industries for development, including processing industry, high technology, clean agriculture, and high-quality services and tourism.
Moving forward, alongside Ho Chi Minh City and Binh Duong province, Ba Ria – Vung Tau is poised to become one of the major growth drivers in the Southeast region and the country. The Government pledges its strong support and commitment to creating the most favorable conditions for the province’s further development.
Mr. Nguyen Van Tho, Chairman of the People’s Committee of Ba Ria – Vung Tau province, speaking at the conference.
According to Mr. Nguyen Van Tho, Chairman of the People’s Committee of Ba Ria – Vung Tau province, the province currently has over 1,200 investment projects from domestic and foreign investors, with a total capital of approximately USD 54 billion. Among these, there are 503 foreign-invested projects with a total capital of about USD 35 billion from 30 countries and territories. In the first five months of this year, the province granted investment certificates to 73 domestic and foreign projects with a total capital of nearly VND 100,000 billion, including over USD 4 billion in foreign direct investment (FDI).
“Today’s event to grant investment registration certificates is a clear testament to the province’s potential and advantages, as well as investors’ confidence in the investment environment of Ba Ria – Vung Tau,” said Mr. Tho.
Massive Projects Await Investors
At the 2025 Investment 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. Specifically, in the industrial sector, the province is calling for investment in the Bac Chau Duc Industrial Park project with an area of 1,200 hectares and the Long Son LNG Power Plant project covering nearly 43 hectares (including 7 hectares of water surface for technical corridors).
In terms of seaports and logistics services, Ba Ria – Vung Tau is seeking investment in projects such as the Vung Tau International Passenger Port with an area of over 54 hectares, the Long Son Comprehensive Port with an area of over 184 hectares, the Cai Mep Ha Free Trade Zone with an area of 3,764 hectares, the Phu My No.1 Logistics and Trade Service Zone with an area of 450 hectares, and the Phu My No.2 Logistics and Trade Service Zone with an area of 420 hectares.
The leadership of Ba Ria – Vung Tau province presenting investment certificates to enterprises at the conference.
During the investment conference, the People’s Committee of Ba Ria – Vung Tau province also held a strategic cooperation signing ceremony with prominent investors in the fields of digital transformation, urban development, tourism, and tourism brand development. Additionally, the province granted investment registration certificates and investment proposals to 53 projects with a total investment of over USD 1 billion and VND 71,000 billion.
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“Local Authorities to Determine Eligibility Criteria for Social Housing Purchase and Rent-to-Buy Schemes.”
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