Established in 1991, Ba Ria-Vung Tau province has worked tirelessly to tap its oil and gas exploration potential to the fullest, meeting the country’s requirements in the industry’s development.

Over the past three decades, the province has proved itself to be one of the most developed localities in the country, making substantial leaps forward in various sectors.

In the first six months of 2022, Ba Ria-Vung Tau posted growth in gross regional domestic product, excluding oil and gas, of 7.62 percent year-on-year.

Its industrial economy grew 11.02 percent, contributing 5.41 percent to overall growth.

The province also undertook robust trade activities, with total retail sales increasing over 11.4 percent and exports rising 7.87 percent.

In attaining such impressive figures, Ba Ria-Vung Tau province sketched out appropriate breakthrough solutions that focused on the development of industry, seaport services, tourism, and high-tech agriculture.

Steady economic growth has served as a solid foundation for the province to invest significantly in transport and communications infrastructure, healthcare, and education.

As a maritime-border locality with a well-developed oil and gas industry, Ba Ria-Vung Tau province has made concerted efforts to carry out the national protection strategy, while tapping its potential to the fullest to develop the local socio- economy.

Over past years, Ba Ria-Vung Tau province has recorded impressive achievements in all sectors, laying a solid foundation for the locality to making further contributions to the country’s economic growth./.