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In the first 9 months of the year, despite being heavily affected by the COVID-19 epidemic, the activity of attracting investment in industrial parks in the province still achieved positive results, exceeding the plan for the whole year.

 

This has a huge impact that makes Ba Ria – Vung Tau real estate market attractive to investors,especially in the type of industrial real estate.

Many areas, including infrastructure construction and renewable energy production, are assessed to be the potential for US businesses to invest in Vietnam.

The Regional Comprehensive Economic Partnership (RCEP) was one of Vietnam’s major achievements when the country was serving as the Chair of ASEAN in 2020.

In the first 8 months of the year, Ba Ria - Vung Tau has 39 newly licensed investment projects with a total capital of more than 945 million USD.

 
The Foreign Investment Department (Ministry of Planning and Investment) said that real estate ranked third in the list of sectors attracting capital from foreign investors (FDI) in the past eight months with nearly 1.6 billion USD.

The information from Ba Ria Vung Tau Industrial Zones Authority stated that from the beginning of this year until now, although the COVID-19 epidemic course is complicated, the number of investment projects in industrial parks is increasing over the proposed plan. According to the plan, provinces sets a target of attracting 30 investment project in 2021; however, 8 months in 2021 even has 39 investment project are recently issue licenses of which 11 FDI projects and 28 domestic project.

It is forecasted that from 2021 through 2030, non-agricultural land will continue to increase to meet the demand for using land to industrialize and modernize the country. Particularly, the area of residential land by 2030 will rise by about 150-180 thousand hectares...


The Phuoc An bridge project is building a bridge over the Thi Vai river, connecting Phu My town, Ba Ria - Vung Tau province with Nhon Trach district, Dong Nai province.