Ten new industrial projects have commenced operations in the industrial zones of Ba Ria-Vung Tau province, Vietnam, signaling a strong start to 2025 and a positive outlook for the region’s economic growth. According to the provincial Management Board, the total investment value of these projects exceeds 167.5 million USD and 350 million VND (approx. 13,479 USD).
Key Projects Driving Growth
Among the most notable developments:
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Hyosung Group’s Carbon Fibre and Material Factory – 560 million USD
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BOE Vietnam Smart Terminal Factory – Over 277 million USD
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Pocari Factory – 98 million USD
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Reiwa Pharmaceutical Factory – 15.4 million USD
These investments are expected to significantly increase Ba Ria-Vung Tau’s industrial production capacity and strengthen its position as a leading industrial hub in southern Vietnam.
With the addition of these new ventures, the total number of operational projects in the province’s industrial zones has reached 482. As of now, the industrial production value (excluding oil and gas) stands at 130.7 trillion VND, reflecting a 10.35% increase compared to the same period in 2024.
Focus on Investment and Acceleration
The provincial Management Board expects another 26 projects to become operational by year-end. Le Viet Phuc, Deputy Head of the Board, emphasized a continued focus on:
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Attracting high-quality investment
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Speeding up licensing processes
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Supporting investment registration for key projects
Special attention will be given to projects in the Phu My 3 Specialized Industrial Zone, with regular monitoring, reporting to the Provincial People’s Committee, and proposing solutions for delayed developments.
Supporting Investors & Enhancing Occupancy
The Board is also working closely with investors who have received licenses but haven’t yet begun construction. The goal is to resolve any roadblocks quickly and ensure timely project implementation.
Ba Ria-Vung Tau currently hosts 17 approved industrial zones, spanning over 9,023 hectares. The overall occupancy rate stands at 56.34%, with 13 zones already operational and enjoying a higher rate of 69.42%.