Infrastructure, economic development, real estate Ba Ria - Vung Tau welcomes waves

Although less mentioned in the southern real estate market such as Dong Nai or Binh Duong, but Ba Ria - Vung Tau seems to be taking place an underground wave of real estate giants here to hunt land fund. Noting that in the past 1 year, Ba Ria - Vung Tau real estate market has 23 projects with a total investment of over 9,000 billion VND.

According to the analysis of experts, Ba Ria - Vung Tau is a locality that meets all the factors of "natural, favorable and harmonious" to become a potential industrial and tourist development province of the Southeast. The set.

Ba Ria - Vung Tau is considered as the "heart of sea tourism" in the Southeast region, connecting with the Southwestern provinces through arterial traffic routes such as: Bien Hoa - Vung Expressway Train, high-speed HCMC - Long Thanh - Dau Giay and Ben Luc - Long Thanh. In addition, with about 4,500km of roads, including 130km of national highways; Inland waterway system is about 231km long with more than 24 major rivers and canals and the system of airports and seaports, and the navigation channel system has facilitated the province to develop its economy. In 2017 alone, the budget revenue of Ba Ria - Vung Tau ranked the third in the whole country, only after Ho Chi Minh City. Ho Chi Minh and Hanoi. This is the only locality in the South East of Ho Chi Minh City. Ho Chi Minh City has all the elements to develop industry and tourism.

Phu My town - a new bright spot of Ba Ria - Vung Tau

After Resolution No. 492 / NQ-UBTVQH14 in April 2018, Phu My became a town of Ba Ria - Vung Tau province and possessed many special advantages in terms of being a key area to receive Ba Ria province. -Ship ship investment to become a port city in the future.

At present, Phu My is the largest seaport center in the South, which must mention the Cai Mep - Thi Vai deep-water port complex, which currently has the sixth largest growth rate in the world, being a deep-water port. In Vietnam, big tonnage ships carrying goods to Europe and America are not allowed to transit to a third country like Singapore. With the seaport, the orientation of Phu My town is to develop seaport industry - port logistics service by 2030, along with boosting the port logistics industry.

Cai Mep - Thi Vai port with a total area of ​​up to 48 hectares

Moreover, this locality is also the focus of large industrial clusters. Phu My town has formed 09/10 industrial zones and 03/05 industrial clusters are operating with a scale of nearly 5000ha. Industrial parks have been put into operation such as Chau Duc Industrial Park, Phu My Industrial Park, My Xuan Industrial Park, Cai Mep Industrial Park, Dong Xuan Industrial Park, Cua Lo Industrial Park ... annually attract a large number of workers to the living area and work.

With the potential for strong development of industry and seaports, it is not surprising that about 1-2 years ago, Phu My is strongly absorbing knowledgeable real estate investors. From 2016 up to now, the average land price here has increased by 20% - 30% per year. Although not as frantic as elsewhere, real estate projects in Phu My are quickly received by buyers.