The southern province of Ba Ria-Vung Tau has been among leading localities in the country in attracting FDI over the past 30 years, with 343 projects totally valued at 27.3 billion USD.
Inside a cable production firm in Ba Ria-Vung Tau province (Photo: VNA)
Ba Ria-Vung Tau (VNA) – The southern province of Ba Ria-Vung Tauhas been among leading localities in the country in attracting FDI over thepast 30 years, with 343 projects totally valued at 27.3 billion USD.
Currently, renowned firms from some 30 countries and territories are landinginvestment in the province, including reputed names like ACDL, SMC, Nippon,Mitsubishi, Posco, Sumitomo, Itochu and Kyoei Lotte, among others.
FDI projects have caused enormous impact on the local socio-economy as theyhave created jobs for more than 69,000 labourers so far. Also, they are billedas a significant motive for economic shifting towards industrialisation, whilemaking contributions to local gross domestic products (GDP).
According to Bui Ngoc Diep, Vice President of the province’s Association ofSmall and Medium Enterprises, provincial authorities should pay due attentionto large tourism projects which are labour intensive and have strong connectionswith local firms.
The provincial Party’s Committee recently issued a resolution on improving theefficiency of investment attraction by 2020. Accordingly, the province willgive top priority to projects which are environmentally friendly, and focus onsea port, port logistics, tourism, and high-tech agriculture.
The resolution also stipulates regulations on shortening the time taken foradministrative procedures and developing the Provincial Competitiveness Index,among others to build a positive business climate. This is believed to be keyfor the province to develop sustainably in the future.-VNA
The Chamber of Industry and Commerce of Japan’s Sanjo city and the Japan International Cooperation Agency (JICA) on July 4 held a conference to review the human resources development project for SMEs supporting institutions in the southern province of Ba Ria – Vung Tau.
The southern province of Ba Ria-Vung Tau ranked third among cities and provinces nationwide in FDI attraction with about 2.15 billion USD landing into local projects since the beginning of 2018.
The Hyosung Chemical Corporation from the Republic of Korea (RoK) has received approval to build both a polypropylene-producing factory and a liquefied petroleum gas (LPG) underground storage space in Cai Mep Industrial Zone in the southern province of Ba Ria-Vung Tau.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
Inside a cable production firm in Ba Ria-Vung Tau province (Photo: VNA) 
