PTSC Supply Base, a major port in the southern province of Ba Ria-Vung Tau. (Photo: VNA) Speaking at the event, Nguyen Cong Vinh, Vice Chairman of the provincial People's Committee, said the province’s strategic location acted as a gateway to the East Sea.
By 2050, Ba Ria - Vung Tau is planning to become a national marine economic centre and a major industrial hub in the Southeast Asia region. It is also earmarked to become the first province in Vietnam to achieve net zero CO2 emissions goal.
For such vision, the province is developing five economic pillars to maximise the competitiveness of its key sectors, such as industry, logistics, maritime safety services, tourism, and green agro-fishery.
A representative from the provincial Department of Transport said that the province has built a planning for its road, railway, seaport and inland waterway networks. In addition, Ba Ria - Vung Tau is also focusing on developing logistics centers on the western coastal economic corridor. It has also worked on the planning of the Cai Mep Ha Logistics Centre, which spans more than 1,686ha of land.
Nguyen Anh Triet, head of the provincial Industrial Park Management Board, said Ba Ria-Vung Tau will continue its policy of selective investment attraction, focusing on projects with high technology, modernity, pervasiveness, high added value, environmental friendliness, and low labour intensiveness. Prioritised is the development of supporting industries and processing and manufacturing in the mechanical, chemical and material sectors.
Thibaut Giroux, Chairman of the French Chamber of Commerce and Industry in Vietnam, hoped that in the near future, the French side will have the opportunity to work more closely with the province to promote its investment environment, especially within the framework of the EU-Vietnam Free Trade Agreement.
Philippe Fouet, head of the economics department at the French Embassy, highlighted the province’s potential, including its strategic location, and large reserves of oil and gas.
France currently has a number of enterprises operating in the province that wish to increase their operations if the legal and fiscal framework is attractive and stable in the long term, the diplomat said.
With 43 projects worth over 1.89 billion USD, European countries and territories have to date accounted for about 15% of the total FDI poured in Ba Ria - Vung Tau’s industrial parks. In which, France is currently investing in three projects valued at 484.4 million USD in total, ranking second in the foreign investor lineup after the British Virgin Islands./.
VNA
