BOE Vietnam (China) was the first company to secure an investment license in Ba Ria-Vung Tau in 2024, investing approximately 278 million USD.
In April, BOE broke ground on its factory, with a projected capacity of over 134.7 million units annually, creating jobs for more than 4,000 workers.
Among Ba Ria-Vung Tau’s major FDI investors are Thailand's Southern Petrochemical Complex (5.37 billion USD), the Ho Tram Project Company from the USA (4.23 billion USD), and the Polypropylene Production Plant and LPG Underground Storage by Hyosung Vina Chemicals from the Republic of Korea (1.3 billion USD).
Ba Ria-Vung Tau has become a magnet for FDI, actively fostering a supportive environment for production and business.
The province collaborates closely with businesses, assisting with investment license procedures and prioritizing intra-provincial and regional connectivity through ongoing infrastructure projects.
The province has removed barriers for businesses, including tax exemptions, rent reductions, credit access, and labor permits.
Ba Ria-Vung Tau is accelerating key projects, addressing delayed ones, assisting businesses in accessing information, and promoting investment initiatives.
The province aims to attract 2 billion USD in 2024 and 1.49 billion USD in 2025, with an expected 517 foreign-invested projects totaling over 34.8 billion USD by the end of 2025./.
