Currently, statistics from Ba Ria – Vung Tau Industrial Zones Authority show that, in the first quarter of 2022, the province has attracted 8 projects with total registered investment capital of more than 144 million USD. There are 3 FDI projects and the 5 remaining projects are domestic investment projects. Compared to the same period of the last year, this number is 2.83 times higher, which is a positive signal for a promising 2022.

Phu My Town is being strongly invested in infrastructure, including an international seaport system. Currently, Cai Mep – Thi Vai seaport is one of the 19 largest deep – water seaport in the world with a capacity of receiving super ships delivering goods directly to Europe.

Phuoc Hoa ward is one of 3 key area of Phu My town with a strategic location along National Road 51, owning Phu My 3 SIP – a major driving force of this region’s economy. Phuoc Hoa’s location is alo an important gateway with a ring road system no. 4 (Hoi Bai – Chau Pha), Phuoc Hoa Cai Mep, road leading to Bien Hoa Vung Tau highway; adjacent to Cai Mep International Port, Hoi Bai Chau Pha, Long Son oil refinery.

Phuoc Hoa ward is about 26km from Vung Tau city, 1.5 hours by car from Ho Chi Minh city. The existing facilities in Phuoc Hoa are relatively complete, easily meeting the demand of daily life with a system of schools, Phuoc Hoa market, Hoai Son church, Lam Son market, Van Thong pagoda, hospitals, …

It can be assumed that Phuoc Hoa ward has an extremely convenient location, both in terms of utilities serving people, and traffic routes to some key locations.

Image- The Strategic Location of Phuoc Hoa ward - one of the reasonable investment locations that has not been exploited significantly

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