Ba Ria-Vung Tau gears towards more inclusive development

May 4th at 08:15
04-05-2020 08:15:23+07:00

Ba Ria-Vung Tau gears towards more inclusive development

Taking advantage of its abundant natural resources, as well as the robust petroleum sector and seaport development, the southern province of Ba Ria-Vung Tau is deploying a raft of measures with the target of growing into a dynamic zone with sustainable development.

Ba Ria-Vung Tau gears towards more inclusive development
Tourism is an important pillar of Ba Ria-Vung Tau's economy

Ba Ria-Vung Tau Department of Construction has proposed revising the planning scheme of functional zones in Go Gang Island, a popular venue for domestic and international visitors located in Long Son commune, about three kilometres south-west of Vung Tau city.

Boasting scenic beauty and a favourable location, Go Gang Island is regarded as a launching pad to spur the development of a new economic zone in the province.

If the proposal comes to fruition, the island would consist of eight different subzones over nearly 1,400 hectares for an estimated population of around 65,000, including housing and functional complexes, public spaces, green trees and parks, water landscaping, technical infrastructure, an entertainment site, airport and associated services, and a local fishing centre. The land earmarked for urban construction is set at nearly 800 hectares, accounting for 57 per cent of the total available area.

When Go Gang Airport becomes operational, about 200ha would be allocated to the development of new urban areas in the province. Alongside this, the investors have expressed a desire to engage in two major new urban development projects. The first, covering 150ha of the existing Vung Tau Airport space, will consist of an urban complex, a central park, mixed trade services and transshipment centre, and a finance and technology centre.

The second project, 270ha in Vung Tau city’s Ward 12, is set to consist of a complete 60ha eco resort, a 20ha plot for building a trade centre and office complex, a 15ha large-scale trade centre, a 25ha marina urban area, a sports centre over 15ha, 30ha of low-rise commercial buildings, and a new residential area attached to an existing village of over 60ha.

Ba Ria-Vung Tau gears towards more inclusive development
The province is known for its beaches and architecture

Another measure relates to the province’s commitment to have in place a seamless transport infrastructure system. Accordingly, as well as expanding aviation transport, Ba Ria-Vung Tau is accelerating the pace of local road projects, particularly constructing Bien Hoa-Vung Tau Expressway.

National Highway 51 has been overloaded in recent years. This is attributable to traffic volume surging more than 30 per cent over the forecast level, plus rapid urbanisation along the road.

This bottleneck could be resolved by ramping up the progress of Bien Hoa-Vung Tau Expressway. The province’s relevant agencies are stepping up efforts to be able to get the project off the ground in the near future.

The highway project is set to kickstart construction in 2021 and reach completion two years later, from there facilitating travel between the province and other localities in the southern key economic zone.

Besides the highway project, the province is seeking approval for a rail route to the Cai Mep-Thi Vai port complex under the public-private partnership model.

The province is also working on a number of other transport infrastructure projects, such as Phuoc An Bridge, Long Son-Cai Mep Road, and many more.

This year, the estimated cost of implementing the province’s key transport projects comes to around VND912 billion ($39.6 million).

Ba Ria-Vung Tau also plans to develop the local tourism sector by capitalising on its bountiful natural resources, such as its 300km-plus coastline and the Con Dao archipelago.

If the province’s tourism development strategy goes to plan, by 2025 it would welcome 9.6 million visitors (including 1.4 million foreigners), an 11-13 per cent rise against the present time. The sector aims to secure VND31 trillion ($1.34 billion) in revenue by 2025 with an annual growth of 30-35 per cent during the period. The scheme includes a list of projects and programmes given priority for investment to 2025, such as a tourism-oriented urban area in Vung Tau city, two resorts (at Con Dao and Long Hai-Phuoc Hai), and implementing four tourism development programmes on human resources development and training; promotion of local tourism brands; preservation, conservation, and development of local resources, and development of key tourism infrastructure.

VIR





NEWS SAME CATEGORY

Hanoi hotels lose 49 pct of revenue in Covid-19 impact

A massive drop in international tourists arrivals saw Q1 revenues of Hanoi’s three to five star hotels fall 49 percent year-on-year.

Revenues of Vietnam’s software and IT services hit US$9 billion

The country is ranked among the five most attractive economies in terms of software export services.

FDI to Da Nang surges despite COVID-19

Foreign direct investment (FDI) disbursement in the central city of Da Nang has neared 1.8 trillion VND (76.54 million USD) since the start of 2020, a year-on-year...

Harnessing further FDI to Vietnam

Since national reunification in 1975, Vietnam’s economy has grown from strength to strength. Senior economist Nguyen Mai writes about how the economy has developed...

Vietnamese e-wallets charm investors

Hefty sums found their way to Vietnamese e-wallets from diverse partners during the year, turning the segment into one of the investment hotspots.

Online business a lifeline for retail amidst COVID-19 disruptions

While the COVID-19 pandemic has dealt a terrible blow to the Vietnamese retail market in the first quarter of 2020, the market has recorded positive performance in...

Enterprises face shortage of workers after easing of social distancing measures

Enterprises in the southern provinces of Viet Nam that have resumed operation after the end of the social distancing period are facing a shortage of workers.

Standard Chartered lowers Viet Nam 2020 growth forecast to 3.3%

Standard Chartered Bank has forecast Viet Nam’s economic growth rate to slow down to 3.3 per cent in 2020.

Modest deficit in future for account

An expected decline caused by the global health crisis in exports and inflows of foreign investment and remittances is likely to weaken Vietnam’s external position...

Further clarity to new investment laws

International investors are seeking for more positive changes in mergers and acquisitions transactions and market access conditions in the latest draft amendments...


MOST READ


Back To Top