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The province has the highest GRDP per capita in the country for 20 consecutive years, needs more than 112,000 billion VND to invest in infrastructure development

Over the years, Ba Ria – Vung Tau province has always maintained its development momentum, affirming its role as an important growth pole of the country. According to the People’s Committee of Ba Ria – Vung Tau province, from 2000 up to now, Ba Ria – Vung Tau has always held the position as the locality with the highest GRDP per capita in the country (including oil and gas and non-oil gas). petroleum calculation).

The province has the highest GRDP per capita in the country for 20 consecutive years, needs more than 112,000 billion VND to invest in infrastructure development - Photo 1.

GRDP per capita (excluding oil and gas) of Ba Ria – Vung Tau province (USD/person). Source: Ba Ria – Vung Tau Statistical Office.

According to the People’s Committee of Ba Ria – Vung Tau province, since 1996, the province has had a per capita GRDP twice as high as the national average. In 2021, GRDP per capita will reach 12,154 USD/person (including oil and gas) equivalent to 281.2 million VND and about 7,141 USD/person (excluding oil and gas) equivalent to 163.4 million VND, more than 8 times times compared to 2000 (851 USD/person, equivalent to 19.5 million VND).

In 2021, the province’s GRDP minus oil and gas will reach VND 111,033 billion (at 2010 constant prices), an increase of 1.02% over the same period in 2020. Besides, the province’s GRDP including oil and gas will reach VND 213,948 billion. at 2010 constant prices), a decrease of 6.26% over the same period. The reason for the decrease in GRDP including oil and gas is due to the decrease in crude oil and gas exploitation activities and the decline of the service sector due to the impact of the Covid-19 epidemic.

In the first quarter of 2022, many economic indicators of Ba Ria – Vung Tau grew quite well. Specifically, the total budget revenue in the first quarter of 2022 was VND 25,315 billion, reaching 35.38% of the estimate, an increase of more than 15% over the same period. The province’s economic sectors maintained good growth over the same period.

Some economic activities achieved outstanding results, the growth in the first quarter was higher than the whole year 2022 plan, such as: port service revenue increased by 10.33%; export turnover (except oil and gas) increased by 17.45%; import turnover reached 1,897 million USD, up 24.85%; agricultural production value increased by 3.83%; total retail sales increased by 11.28%; revenue from transportation, warehousing and transportation support services increased by 7.93%.

Also in the first quarter, the province granted new and adjusted investment capital for 10 projects with a total additional registered capital of 151.61 million USD. Thus, by the end of March 2022, the province has 435 foreign investment projects with a total registered investment capital of 29,720.5 million USD.

Ba Ria – Vung Tau needs about 112,351 billion VND for infrastructure development in the period of 2021 – 2025

According to the medium-term public investment plan for the period of 2021 – 2025, the total demand for public investment capital across Ba Ria – Vung Tau is about VND 112,351 billion. Therefore, the public investment target of Ba Ria – Vung Tau in the 5 years period 2021 – 2025 will increase 3 times compared to the 5 years period 2016 – 2020. Accordingly, Ba Ria – Vung Tau will be in the top localities. strongest public investment in the country.

In the period 2021 – 2025, the province is expected to complete 10 key projects, including 6 public investment projects and 4 calling for investment projects. Specifically, 10 key projects will be prioritized and all resources will be concentrated for implementation, which are: Phuoc An bridge project (connecting Ba Ria – Vung Tau with Nhon Trach district, Dong Nai); Bien Hoa – Vung Tau Expressway Project.

In addition, a number of projects are particularly focused on by Ba Ria – Vung Tau: Cai Mep Ha Logistics Center; road project 991B; Safari Wildlife Zoo; Specialized testing center in Cai Mep – Thi Vai area; Southwest urban area; Rehabilitation of roads in Bai Sau area; April 30 Park Project and High-tech Agricultural Park Project in Chau Duc District.

These projects are built to help Ba Ria – Vung Tau connect the southern key economic regions with the Cai Mep – Thi Vai deep-water port system.

The promotion of infrastructure investment will promote the strengths of the province, especially the seaport, industry and service – tourism. Besides investing in transport infrastructure, Ba Ria – Vung Tau also focuses on developing industrial infrastructure.

Currently, Ba Ria – Vung Tau has 16 Industrial Parks (IZs) with an area of ​​​​more than 9,000 hectares and 21 clusters of industrial zones with an area of ​​​​more than 1,500 hectares. Industrial zones of Ba Ria – Vung Tau are mainly concentrated in Xuyen Moc, Chau Duc, Phu My, Dat Do, Tan Thanh,… with occupancy rate of more than 54%.

Besides, Ba Ria – Vung Tau also has 6 industrial zones proposed to be added to the development orientation with a total area of ​​more than 4,796 ha. Specifically, those industrial zones are: Phu My 3 Industrial Park expansion (650 ha); Xuyen Moc Industrial Park – Urban – Service (1,143) ha; Dat Do Industrial Park II (extension of Dat Do Industrial Park I, 1,000 ha); Da Bac Industrial Park, Chau Duc District – Phases 2, 3, (500 ha); Phuoc Hoa Industrial Park, Phu My Town (800 ha); Cu Be Industrial Park (500 ha).

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According to Minh Tien

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