Ba Ria - Vung Tau draws over $1 billion in FDI

On May 30, Ba Ria - Vung Tau province held the Investment Promotion Conference 2025 under the theme "Select Ba Ria – Vung Tau", attracting significant attention from both domestic and international investors. 

The conference was attended by Deputy Prime Minister Mai Van Chinh, alongside representatives from various ministries, local authorities, and over 250 businesses and investors.

At the conference, Ba Ria - Vung Tau Province awarded investment registration certificates and investment policy decisions to 53 projects. These included 26 FDI projects with a total capital of over USD 1 billion and 26 domestic projects with a total capital of more than VND 71,063 billion.

Mr. Nguyen Van Tho, Chairman of the People’s Committee of Ba Ria – Vung Tau province, noted that although the province’s transportation infrastructure is not yet fully developed and synchronized, strong support from the central government, combined with the efforts of local authorities and the determination of both domestic and foreign investors, has enabled many projects to be launched and put into operation at an early stage.

These large-scale, high-quality projects have created prestigious brands in Ba Ria - Vung Tau that are not only well-known across Vietnam but have also gained international recognition, contributing to widespread and continuous growth.

Speaking at the conference, Deputy Prime Minister Mai Van Chinh stated that in the near future, following the planned merger of Ho Chi Minh City, Binh Duong province and Ba Ria - Vung Tau province, a new administrative unit called “New Ho Chi Minh City” will be established. 

This new entity will have a broader development space, greater potential and advantages, and stronger momentum to fully unlock its capabilities, laying the foundation and driving force for a new phase of rapid and sustainable growth.

To date, Ba Ria - Vung Tau has attracted over 1,200 domestic and foreign investment projects, with a total registered capital of approximately $54 billion. Of these, 503 are foreign direct investment (FDI) projects, accounting for about $35 billion, sourced from 30 countries and territories.

In the first five months of 2025, the province granted investment certificates to 73 domestic and foreign projects with a total capital of nearly VND 100 trillion, including over USD 4 billion in FDI.