Ba Ria-Vung Tau province’s planning with a vision to 2050 will be the national marine economic center, in which the Cai Mep-Thi Vai seaport cluster plays a key role, the largest international transit gateway in the country.
Resolution 24-NQ/TW of the Politburo on socio-economic development and ensuring national defense and security in the Southeast region to 2030, with a vision to 2045 was issued on October 7, 2022 as follows: A stimulant that has a strong impact on Ba Ria-Vung Tau province.
A clear, specific direction for the entire region and a strong mechanism from the Central Government have helped Ba Ria-Vung Tau province be decisive in investing in infrastructure to serve the development of strong economic sectors. of the province; In particular, logistics is expected to become the main service industry of this locality.
The overall strategy for socio-economic development has been built and clearly outlined by the province in the Provincial Planning. Ba Ria-Vung Tau with a vision to 2050 will be the national marine economic center, in which the Cai Mep seaport cluster -Thi Vai plays a key role, the largest international transit gateway in the country, with stature in Asia and the world.
The development direction is clear, with support from the Central Government, Ba Ria-Vung Tau province has embarked on implementing a series of very massive tasks.
That is to build a Free Trade Zone associated with a seaport in the Cai Mep Ha area, a 1,700-hectare Cai Mep Ha Logistics Center in Phu My town, and establish a specialized inspection center focusing on the Cai Mep-Thi Vai area. and currently, the Ministry of Finance and the General Department of Customs are developing a Circular on piloting open ports, thereby opening up great opportunities for investors.
The attraction of Ba Ria-Vung Tau has increased sharply with a series of large-scale, motivational projects completed and put into operation. That is, the Long Son Petrochemical Complex with a total investment of 5.1 billion USD has been completed, begun trial operation and will go into operation in early 2024, bringing in annual revenue to the provincial budget of about 150 million USD. v.a.t tax.
Liquefied gas terminal complex of Gas Corporation (PVGas) at Cai Mep-Thi Vai seaport cluster, Ba Ria-Vung Tau province. (Photo: VNA broadcast)
On October 29, Vietnam’s first LNG natural gas terminal invested by the Gas Corporation worth VND 6,500 billion, providing clean gas for production in the Southern region, also officially came into operation.
Also at the end of October, Phu My Dry Port – the first dry port of the province with an area of 38 hectares, the most modern in Vietnam today in the Cai Mep-Thi Vai area, is invested by Thanh Binh Phu My Joint Stock Company with Total capital of nearly 3,000 billion VND and officially operated and exploited.
Vice Chairman of the People’s Committee of Ba Ria-Vung Tau province Nguyen Cong Vinh said that the operation of Phu My Dry Port will become an “extended arm” to transport goods, helping the service industry thrive, Especially the logistics service has cleared the bottleneck of lack of cargo in this seaport cluster.
Phu My dry port has a built-in customs clearance system that will open up an ecosystem to serve the development of the Cai Mep-Thi Vai port cluster in the future.
Previously, capturing the spirit of Resolution 24-NQ/TW, from mid-2022, the province decided to adjust the medium-term public investment plan for the period 2021-2025, adding more than 10,000 billion VND for investment. 10 important transportation projects with inter-regional and intra-provincial connections.
Continuing projects and new projects are being actively implemented in all localities in Ba Ria-Vung Tau province. These are key projects such as the Bien Hoa-Vung Tau expressway section through the province worth nearly 5,000 billion VND, road 991B connecting National Highway 51 with Cai Mep downstream port with a total investment of nearly 3,900 billion VND, Phuoc bridge. An connecting Ba Ria-Vung Tau province with Dong Nai province with a total investment of nearly 4,900 billion VND, coastal road 994 with a total investment of more than 6,500 billion VND…
According to assessments, HSG’s gross profit margin has recovered strongly from 2% in the first quarter of the 2022-2023 fiscal year to 13.2% in the 4th quarter of the 2022-2023 fiscal year.
Director of the Department of Transport of Ba Ria-Vung Tau province Tran Thuong Chi said that from the third quarter of 2023, goods through seaports in the province have shown positive signs again.
Specifically, in the first 6 months of the year, the amount of shipping through seaports only reached 34.1 million tons, equal to 90% over the same period; Of which, container cargo by ship reached 2 million TEUs, equal to 79% compared to the same period in 2022.
However, by the end of the third quarter of 2023, the total volume of shipping goods through seaports has reached more than 55 million tons, equal to 99% over the same period; Of which, container goods reached more than 3.7 million TEUs, equal to 90% compared to the same period in 2022.
Long Son petrochemical complex (Vung Tau city, Ba Ria-Vung Tau) is undergoing trial operation and will officially operate in early 2024. (Photo: VNA broadcast)
Commenting that many manufacturing factories will come to Ba Ria-Vung Tau province as well as the Southeast region in the near future, Deputy General Director of SSIT port Phan Hoang Vu said that to meet the needs of shipping lines, in Recently, the port investor has invested in expanding yards and modernizing cargo handling equipment, digitizing equipment to facilitate import and export of goods at the port.
Faced with data about the Cai Mep-Thi Vai seaport cluster growing strongly, at the end of October, the world’s largest container shipping line MSC (Mediterranean Shipping Company) signed a cooperation agreement with Thanh Binh Joint Stock Company. Phu My to exploit Phu My Dry Port.
General Director of MSC Vietnam, Mr. Benoit de Quillacq said that MSC shipping line’s policy meets local demand for goods. Cai Mep-Thi Vai Port is a very strong growth area, so MSC decided to bring equipment and containers here to meet customer needs.
Currently, MSC shipping line is working with many partners in the region, including logistics service providers, seaports, barge services, and ICDs to connect, serve customers, and meet their needs. growth of this market, Mr. Benoit de Quillacq informed.
According to the Vietnam Seaport Association, the volume of container cargo through the Cai Mep-Thi Vai seaport cluster only accounts for about 5% of the country. Experts say that to attract goods sources and create sales, it is necessary to develop logistics parks and industrial parks, especially heavy industrial parks and oil and gas industrial parks in this port cluster area. .
According to Vice Chairman of Vietnam Seaport Association Tran Khanh Hoang, the Cai Mep-Thi Vai port cluster has welcomed the world’s largest ships with a carrying capacity of up to 24,000 TEUs and the port is also invested in advanced world technology. But the weakness is that it is still small, lacks connection between ports, and does not have large ports worthy of regional and international standards.
At the same time, there is a lack of key infrastructure on roads, seaways, rivers and railways connecting businesses, so the source of goods to serve seaports is not enough, so it needs to be invested faster.
Clearly aware of the requirements for goods sources and goods, in the Ba Ria-Vung Tau Provincial Planning for the period 2021-2030, with a vision to 2050, the province has set the task of quickly completing infrastructure and revenue. Attract investment in 13 operating industrial parks with a total planned land area of more than 7,242 hectares; Implement infrastructure investment in 4 planned industrial parks with a total area of 1,810 hectares and add 7 new industrial – urban – service parks with a total area of 6,850 hectares; Of which, industrial land is 4,795 hectares. By 2030, the province will have 24 industrial parks and industrial-urban-service parks, with a total planned land area of more than 16,052 hectares; Of which, industrial park land is planned for more than 13,847 hectares.
SSIT seaport at Cai Mep-Thi Vai seaport cluster, Ba Ria-Vung Tau province. (Photo: Doan Manh Duong/TTXVN)
Chairman of the People’s Committee of Ba Ria-Vung Tau province Nguyen Van Tho said that the province has comprehensively assessed, completed planning and is investing heavily in infrastructure to create a solid foundation for logistics services to develop. development. This is a service industry that is expected to help the province maximize its potential and strengths.
Specifically, the province is focusing on developing urban complexes, services, logistics centers, and inland ports providing transportation and warehousing services associated with the Cai Mep-Thi Vai seaport system and connecting to the cargo port. Long Thanh International Airport, including Cai Mep Ha Logistics Center, Song Xoai General Commercial and Service Area, Phu My Logistics Park No. 1 at the intersection of Road 991 and Ring Road 4 of Ho Chi Minh City, Phu My Logistics Park No. 2 at the intersection of Bien Hoa-Vung Tau Expressway and Ring Road 4 of Ho Chi Minh City, Binh Ba Logistics Center, dry port system and a number of other small and medium-sized logistics centers in Phu My town and Chau Duc district.
The overall socio-economic picture is clear, the attraction of Ba Ria-Vung Tau has been increasing. These are the prerequisites for the province to reach its goal of becoming a centrally run city by 2030./.
