Business

Workshop introduces Ba Ria-Vung Tau potential to French investors

A workshop on Ba Ria-Vung Tau’s role in the southern key economic zone’s supply chain took place in the province on November 9, introducing its potential and value to French investors.
Workshop introduces Ba Ria-Vung Tau potential to French investors ảnh 1PTSC Supply Base, a major port in the southern province of Ba Ria-Vung Tau. (Photo: VNA)
Ba Ria-Vung Tau (VNA) – A workshop on Ba Ria-Vung Tau’s role in the southern key economic zone’s supply chain took place in the province on November 9, introducing its potential and value to French investors.

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
#Ba Ria-Vung Tau #key economic zone #supply chain #vietnam #vietnam news agency #vietnamplus
Follow VietnamPlus

Related News

Ba Ria-Vung Tau striving to reach goals

Ba Ria-Vung Tau striving to reach goals

After more than 30 years of re-establishment, the southern province of Ba Ria-Vung Tau has developed into a growth pole of the national economy. This is a prerequisite for it to reach targets set in the resolution adopted at the 7th Provincial Party Congress.
Ba Ria-Vung Tau’s smart city project yields initial outcomes

Ba Ria-Vung Tau’s smart city project yields initial outcomes

The smart city development plan of the southern province of Ba Ria-Vung Tau was approved in 2019 with the aim of completing administration and State management apps and other apps to serve businesses, residents, and visitors. The project has so far proved successful.

See more

Key export sectors such as textiles – garments, footwear and furniture, along with many signature products of Da Nang, have strong potential to expand their markets through online export channels. (Photo: VNA)

Da Nang seeks to boost online exports

To help businesses go global, Da Nang is shifting from supporting individual online activities to developing an integrated ecosystem covering products, branding, platforms, payments, logistics, legal issues and market information. This is also part of the city’s e-commerce development orientation for 2026-2030, which identifies e-commerce as an important component of the digital economy.

Deputy Minister of Foreign Affairs Le Thi Thu Hang receives Rolf Mutzenich, a member of the Foreign Affairs Committee of the German Bundestag, in Hanoi on August 18. (Photo: baoquocte.vn)

Vietnam welcomes German firms’ expansion

Vietnam welcomes and stands ready to create favourable conditions for German businesses to expand their investment and operations in the country, particularly in infrastructure, smart seaports, renewable energy, high-speed railways, science and technology, and high-quality human resource training.

Khanh Hoa province has the largest sheep population in Vietnam, with around 100,000 individuals. (Photo: VNA)

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.

The proportion of Vietnamese goods remains high at supermarkets. (Photo: VNA)

Vietnamese brands win over domestic consumers to go global

Amid increasingly fierce global competition, the goal is no longer simply to increase domestic consumption of Vietnamese goods, but to develop strong Vietnamese brands capable of winning consumers through quality, innovation and added value, thereby creating a stepping stone for expansion into international markets.

Illustrative image (Photo: VNA)

Automated VAT refunds to be rolled out from December

As of August 11, VAT refunds rose 32% from a year earlier, reaching 64.4% of the full-year estimate. Tax authorities issued 11,627 refund decisions totaling 111.726 trillion VND (4.26 billion USD), up 9% by volume. The payouts improved cash flow for companies and supported production, trade and exports.

ST25 rice is the centrepiece of the Vietnam Goods Week at Selgros. (Photo: VNA)

ST25 rice officially enters Selgros wholesale supermarket chain in Germany

The placement of ST25 rice on Selgros shelves not only creates an additional opportunity for German consumers to access Vietnamese rice products, but also contributes to efforts to increase the added value of Vietnamese agricultural products by shifting the focus from volume to quality, branding and value.

Trains on the elevated section of the Cau Giay – Nhon route in Hanoi provide convenient transportation for local residents. (Photo: VNA)

Multimodal connectivity to drive Vietnam’s transport infrastructure

Under the proposed approach, roads would serve mainly as connectors and for first- and last-mile transport; railways would handle large volumes over long distances; maritime transport would serve import and export cargo; inland waterways would carry large volumes at low cost; and air transport would focus on fast delivery and high-value goods.

Amata Industrial Park in Dong Nai city (Photo: VNA)

Green shift powers investment in southeast Vietnam

The Amata Industrial Park in Dong Nai City, established 32 years ago and covering more than 500ha, is home to over 160 domestic and foreign businesses. Selected in 2020 as one of three national pilot sites for conversion into an eco-industrial park, Amata has raised its compliance with the international eco-industrial park framework from 41% to 86% in 2024, and is working towards becoming Dong Nai's first certified eco-industrial park.