The Ministry of Construction has recently approved the detailed regional and maritime port development plan for Ba Ria – Vung Tau (formerly known as Vung Tau) for the period 2021-2030, with a vision extending to 2050. A notable highlight is the planning of the Vung Tau International Passenger Port, designed to accommodate modern cruise ships with a capacity of up to 225,000 GT.
According to the approval, the Vung Tau International Passenger Port will feature one port and two passenger terminals, with a total length of 840 meters (excluding additional terminals). Upon completion, the port will be capable of hosting the world’s largest cruise ships and serving between 1.39 and 1.5 million passengers annually.
A rendering of the Vung Tau International Passenger Port presented by the consulting firm during previous meetings with Ba Ria – Vung Tau province.
Previously, the former province of Ba Ria – Vung Tau held numerous meetings to discuss investment proposals for the international passenger port, a project deemed to be of iconic and international stature for the region. It is expected to become the largest passenger port in the southern region, significantly enhancing maritime tourism and driving economic growth in services and logistics.
According to the consulting firm’s report, the location of the international passenger port is adjacent to the Bai Truoc Cable Car Station complex (Vung Tau Ward). In addition to the main terminal area, the project includes auxiliary service facilities, commercial and entertainment zones, and welcoming spaces for domestic and international tourists.
The consulting consortium presented 11 design options, featuring both straight and curved access bridges, which will create a unique architectural focal point along the coastline. The total estimated investment for each option ranges from 1.333 trillion VND to over 8 trillion VND, depending on scale and construction materials.
Vietnam’s Digital Financial Inclusion: A Leap Forward in Economic Empowerment
Over 70% of Vietnamese adults now possess financial accounts, fueling a dramatic surge in digital payments across the country.
Vietnamese Consumers More Optimistic Than Global Counterparts
Amidst a global landscape where many economies grapple with a disheartening paradox—waning public confidence in economic prospects—Vietnam stands as a striking exception, defying this trend with resilience and optimism.
Banks Focus on Supporting Businesses and Boosting Economic Growth in the Final Two Months of the Year
Implementing the 2025 monetary policy objectives outlined in Directive No. 01 from the State Bank of Vietnam (SBV), alongside local mandates, banking operations in Ho Chi Minh City and Dong Nai Province will focus on targeted solutions to support businesses and drive economic growth during the final two months of the year.
Vietnamese Citizens Deposit Over 8 Quadrillion Dong in Credit Institutions
According to the State Bank of Vietnam, deposits from residents in credit institutions have reached approximately 8 quadrillion VND since the beginning of the year, marking a nearly 13% increase compared to the same period last year. This substantial financial resource plays a crucial role in sustaining Vietnam’s high GDP growth momentum.
Ho Chi Minh City Generates Over VND 27,000 Billion from Land Use Fees and Rentals in Can Gio Coastal Urban Development Project
Over the past 10 months, Ho Chi Minh City has seen a remarkable surge in revenue from land use fees, particularly driven by the Can Gio Coastal Urban Area project.
