[7 April 2015, The Vietnam Investment Review (VIR)]

AusCham and several Australian Business Alumni in Ba Ria-Vung Tau are expected to jointly hold a business seminar in Vung Tau on 22 May 2015.

Today, the Vietnam Investment Review has published an article by Thanh Van titled Ba Ria-Vung Tau remains popular investor target. Below is an abridged version of teh article.

Ba Ria-Vung Tau is not only attractive to foreign investors due to its economic development potential and favourable natural conditions, but also because it meets the rising demand of foreign investors in terms of social security and recreation.

In recent years, the development of transport, healthcare (AusCham note: AusCham Member, International SOS will open its fully renovated clinic in May 2015), education, entertainment and human resources in the southern province has made it one of the most attractive investment destinations in Vietnam…

According to the Ba Ria-Vung Tau Provincial Department of Construction, province has developed and approved 417 construction planning projects including one provincial project, 12 in general urban planning, 49 city district planning projects, as well as miscellaneous projects in the tourism and industry sectors…

From 2014 to 2020, the province will focus on infrastructure development in urban areas, mainly in Vung Tau, Ba Ria, and Phu My. During 2021-2025, the province will focus on Phu My’s urban infrastructure development (AusCham note: AusCham Member, NS Bluescope is located in Phu My), which will be on par with the industrial hub port in the southeast region. Vung Tau will be developed as the province’s trade and tourism centre, while Ba Ria will be urbanised to become its administrative capital.

 *** For the unabridged and original article, click onto Ba Ria-Vung Tau remains popular investor target