Ba Ria-Vung Tau accelerates development
The Phu My Fertilizer Plant in Ba Ria-Vung Tau Province
Ba Ria-Vung Tau has seen the development of industrial sectors, seaports, logistics and tourism as key economic tasks during the 2015-2020 period. The province’s economic structure has witnessed a positive shift with industry, services and agriculture accounting for 55 percent, 34 percent and 11 percent, respectively. In addition, the province has striven to achieve gross regional domestic product of seven percent during the 2015-2020 period and income per capita of US$7,000 by 2020.
Regarding industrial sectors, Ba Ria-Vung Tau has focused on attracting high added-value, modern technology and environmentally-friendly projects and developing support industries. The province has established 15 industrial zones covering 8,706 hectares with 34 percent of the total area being rented, while attracting 345 projects with total registered capital of US$19 billion.
The province currently has 57 planned seaports, including 28 operational ports with total investment capital of more than US$2 billion for capacity of over 999 million tonnes a year. In addition, the province is developing the Cai Mep-Thi Vai deep-water port to become an international transshipment port and planning the Cai Mep Ha logistics center with nearly 1,000 hectares.
Ba Ria-Vung Tau has also determined to develop tourist resorts and conference, ecological and spiritual tourism. Moreover, the province is calling for investment in areas with potential to attract more high-class visitors in the coming time.
The provincial standing committee of the party has directed the people’s committee and relevant agencies to call for investment and begin construction of new buildings in urgent need with greater economic efficiency, while not allowing public investment for projects that have not allocated capital.
In a meeting with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Ba Ria-Vung Tau Party Committee Secretary Nguyen Hong Linh recommended prioritizing investment in the development of Cai Mep-Thi Vai international transshipment port, and ensuring the general development of the southern key economic region, early adoption of the planned Bien Hoa-Vung Tau highway and reduction in marine fees and costs for vessels coming to Cai Mep-Thi Vai Port.
General Secretary of the Communist Party of Vietnam Nguyen Phu Trong expressed his views about the province’s strong and rapid development, while referring to maritime economic development and the protection of national sovereignty on sea and islands.
He also asked departments and agencies to be more dynamic and creative in order to make most of opportunities to ensure the province’s sustainable development.
Vinh Anh
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