Ba Ria – Vung Tau: Public Investment Leads, Private Capital Follows

Ba Ria – Vung Tau has made strong investments in key infrastructure projects such as the Bien Hoa – Vung Tau Expressway, Phuoc An Bridge, Route 991B, and the ĐT994 coastal road. Notably, Route 991B, which connects National Highway 51 to the downstream area of the Cai Mep Port, is being accelerated to achieve technical traffic clearance by June 2025.

In addition, the province is studying the development of the Vung Tau International Cruise Port, covering 120 hectares with a total capital of approximately VND 8,000 billion. This will be the largest cruise port in the South, with comprehensive services and tourism logistics, connecting with tourism networks in Con Dao, Ho Chi Minh City, Phan Thiet, and the Mekong Delta.

The 84-kilometer Bien Hoa – Vung Tau railway line is also being promoted, promising to link the Cai Mep – Thi Vai port complex with industrial and urban zones, helping to reduce congestion on National Highway 51.

Thanks to its synchronized infrastructure, Ba Ria – Vung Tau has become an attractive destination for both domestic and foreign investors. In the first quarter of 2025 alone, the province attracted over USD 1 billion in investment; in April, it received an additional USD 141 million from eight FDI projects and VND 3,700 billion from seven domestic projects.

Major corporations such as Hyosung (South Korea), CJ (South Korea), Marubeni (Japan), and Samsung (South Korea) have made significant investments in the province. Notably, Hyosung Group plans to inject another USD 1.5 billion into Vietnam, with a strong focus on its plant in Ba Ria – Vung Tau.

Mr. Lee Sang Woon, Vice Chairman of Hyosung, highly appreciated the province's partnership and affirmed the attractiveness of the local investment environment.

At the 27th session of the provincial People’s Council, 7th tenure (2021–2026), Mr. Pham Viet Thanh, Member of the Party Central Committee, Provincial Party Secretary, and Chairman of the People’s Council, stated: “We need to urgently supplement budget revenue tasks for localities to ensure the 2025 target is achieved; effectively implement solutions to accelerate the disbursement of public investment capital to fulfill 100% of the plan.”

At the groundbreaking ceremony of a 35-hectare subdivision of the Ho Tram Project in Xuyen Moc District on May 15, 2025, Mr. Nguyen Van Tho, Chairman of the Ba Ria – Vung Tau People's Committee, emphasized: “The local government is committed to always being a companion, creating the most favorable conditions to support and resolve administrative procedures quickly so that the project can be implemented in the fastest, earliest, and most efficient manner, contributing unique tourism products to Ba Ria – Vung Tau and the future Ho Chi Minh City.”

With an effective public investment strategy focusing on comprehensive infrastructure development, Ba Ria – Vung Tau has created a conducive environment for private investment, significantly boosting sustainable socio-economic development. The province’s leadership, with its determination and strategic foresight, has turned Ba Ria – Vung Tau into a prime investment hub, poised to attract even more capital in the coming years.

To sustain and build on these achievements, the province must continue to advance administrative reforms, improve human resource quality, and develop supporting industries. Promoting key public investment projects, especially those connecting regional transportation infrastructure, will be crucial for Ba Ria – Vung Tau to further affirm its position as a leading center for marine economy, industry, and tourism in Southern Vietnam.