On March 30, 2024, the atmosphere in Ba Ria – Vung Tau province was more vibrant than ever as local leaders awarded investment certificates and congratulated notable enterprises. Among the 15 investment projects announced, 10 were domestic investments. Notably, several projects attracted significant attention with investments exceeding 800 billion VND.

In addition to the High-Tech Steel Structure Manufacturing Plant project by Steel Builder Joint Stock Company (HTSB) in Chau Duc Industrial Park, with a total investment capital of up to 839.7 billion VND, other noteworthy projects include:

• The High-Tech Mechanical Plant project of Dai Dung Vung Tau Mechanical Manufacturing Joint Stock Company in Dong Xuyen Industrial Park.
• The Worker Accommodation Facility project of Thanh Binh Phu My Joint Stock Company in Phu My 3 Specialized Industrial Park.
• The Eco Pearl City Group Housing Eco-village project in An Dien town by Eco Pearl City Joint Stock Company.
• The Nam Kim Phu My Steel Sheet Factory project of Nam Kim Phu My Joint Stock Company in My Xuan B1 – Dai Duong Industrial Park.
• The Polypropylene Resin Manufacturing Plant project of Phu My Plastic Manufacturing Joint Stock Company in Cai Mep Industrial Park.

Furthermore, in this occasion, 5 FDI projects were granted licenses:

• The Polypropylene (PP) Manufacturing Plant and Underground Storage of Liquefied Petroleum Gas (LPG) project in Cai Mep Industrial Park by Hyosung Vina Chemicals Limited Liability Company.
• The TVP project in Phu My 3 Specialized Industrial Park by Tosoh Corporation.
• The Electronic Tripod Vietnam Factory project in Chau Duc Industrial Park by Electronic Tripod Vietnam Limited Liability Company.
• Phase 2 of the BOE Vietnam Smart Terminal Equipment project in Phu My 3 Specialized Industrial Park by BOE Vietnam Electronics and Audio-Visual Limited Liability Company.

In the first quarter of 2024 alone, the total registered investment capital in Ba Ria – Vung Tau province surpassed that of the entire year of 2023, reaching over 62,000 billion VND, which is 6.88 times higher than the same period last year. This remarkable progress was acknowledged at the conference on the provincial development plan for the period 2021-2030 and vision towards 2050. During the ceremony, Mr. Phan Duy Quang, General Director of the High-Tech Steel Builder Plant project, shared: “With a designed capacity of 60,000 tons/year and a commitment to reduce greenhouse gas emissions according to international standards, our project will contribute to achieving carbon neutrality by 2050 in Vietnam.”