Vietnam is divided into four major economic regions. These four regions comprise the Northern, Central, Southern and Mekong Delta regions and cover most of the country's economic and investment hubs.

 The Southern Economic Zone accounts for 40% of GDP and is the most important base for economic activity in the country. It has a dynamic and diverse business environment as well as the highest level of human resources in Vietnam.

The Southern region is an advanced manufacturing region with key sectors including electronics, software, IT, telecommunications, high-tech agricultural production and processing, which will be the primary drivers of future investment. 

BRVT is one of the eight provinces which consists the Southern Economic Zone. It shares borders with Ho Chi Minh City, Dong Nai and Binh Thuan provinces.

Economy

BRVT is Vietnam's oil and gas and related service hub. Metal processing and machinery industries related to the shipping and oil industries are also flourishing. BRVT has the highest real gross domestic product (RGDP) per capita in Vietnam. Vietnam's largest deep-sea port is also one of its most distinctive features, and the seaports brings the best logistics environment in the region as a gateway of East Sea in the world.

Infrastructure

The HCMC – Long Thanh – Dau Giay expressway and National Highway 51 has shortened the distance between BRVT and other Southern provinces. It takes only 60 – 70 minutes between HCMC and BRVT and this allows people to commutes between two areas.

Cai Mep-Thi Vai international deep-sea ports is the only deep-sea port in the Southern Vietnam and our PM3 SIP is just 2 km away from them. The BRVT port system functions as an international transshipment gateway for the southern region, accommodating vessels with a maximum loading capacity of 200,000 tons (DWT) and a total annual capacity of 100 million tons. Products from Cai Mep-Thi Vai port can be shipped directly to North America and Europe.

Foreign investment

In 2019, BRVT attracted about 466 FDI projects, with registered capital exceeding US $31 billion, ranking fifth in Vietnam. The United States is the largest investor, followed by Canada, Thailand, South Korea and Japan. One of the largest investors was the Asia Coast Development Company, which developed the $4 billion Ho Tram Resort Project. Another notable FDI project is POSCO's $1.1 billion investment in steel mills in South Korea. Hyosung Corporation (Korea) registered capital of US $1.2 billion, established a polypropylene plant, and participated in the government-promoted oil and gas project (LPG storage).

Tourism

BRVT is one of the main tourist attractions in southern Vietnam and has the closest beach to HCMC. About 15 million tourists visit every year. With over 300 km of coastline, it is famous for beautiful beaches such as Bai Truoc, Bai Sau, Long Hai, Ho Tram, and Ho Coc.

It is well worth a visit to BRVT, where the beautiful nature harmonizes with the varieties of industries that drives the economy!

You can enjoy our virtual tour in PM3 SIP from this link below.

https://vr360vn.com/public/phumy3s/public/

Source : Vietnam’s Southern Key Economic Region: Opportunities for Investment
https://www.vietnam-briefing.com/news/vietnams-southern-key-economic-region-opportunities-for-investment.html/