The southern province of Ba Ria-Vung Tau managed to achieve positive economic growth in the first quarter of 2021 driven by a surge in industrial production, port services and domestic travel.
My Xuan Industrial Zone in Ba Ria-Vung Tau Province. (Photo: banqlkcn.baria-vungtau.gov.vn)
Ba Ria-Vung Tau (VNA) – The southern province of Ba Ria-Vung Taumanaged to achieve positive economic growth in the first quarter of 2021 drivenby a surge in industrial production, port services and domestic travel.
Speaking at a recent meeting to review the socio-economic development for thequarter, Deputy Secretary of the provincial Party Committee Nguyen Thi Yen saidkey economic sectors achieved growth during the quarter.
The province achieved the dual goal of containing COVID-19 while ensuringeconomic growth, she said.
So its revenues rose by 6.7 percent to more than 22 trillion VND (953.46million USD), she said.
Industrial production value excluding oil and gas rose by 7.3 percentyear-on-year.
The value of port services jumped by 9.6 percent.
The province sped up work on some crucial transport projects to facilitateconnectivity to the Cai Mep-Thi Vai port complex in Phu My town.
The tourism sector saw a robust recovery, with the number of visitors in thefirst quarter doubling from a year ago to 1.8 million.
In the second quarter, the province plans to focus on improving its businessclimate and competitiveness to attract foreign investment./.
Industrial parks in the southern coastal province of Ba Ria – Vung Tau are making preparations to attract foreign investments that are expected to surge after the COVID-19 pandemic passes.
Deep-sea port SP-SSA International Terminal (SSIT) in the Cai Mep-Thi Vai port cluster in the southern province of Ba Ria-Vung Tau berthed MP The Belichick - a container vessel operated by Swiss logistics firm Mediterranean Shipping Company (MSC) on April 13.
A 30-second video promoting the beauty of the southern province of Ba Ria - Vung Tau is being shown on the BBC Global News channel on a daily basis for two months.
The Bai Dam Trau beach in Con Dao island in Vietnam’s southern province of Ba Ria-Vung Tau, has been listed among the 25 most beautiful beaches in the world, according to a recent article published by Travel + Leisure magazine.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
My Xuan Industrial Zone in Ba Ria-Vung Tau Province. (Photo: banqlkcn.baria-vungtau.gov.vn)
