With positive signals from infrastructure, tourism, seaports…, and public investment capital of more than 4 billion USD, Ba Ria – Vung Tau is facing a growth opportunity, attracting investors.
The wave of investment of trillions poured into Ba Ria – Vung Tau
According to a report by the Department of Planning and Investment of Ba Ria – Vung Tau province, in the 2016-2020 period, the total budget for public investment is 34,632 billion VND. By the period of 2021 – 2025, the total capital demand for public investment will be about 112,351 billion VND. The province’s public investment target in the next 5 years will triple compared to the past 5 years.
With this public investment plan, experts estimate that Ba Ria – Vung Tau will be among the top localities with the strongest public investment in the country. Even public investment of this province is about 1.6 times higher than that of Dong Nai when in the period of 2021 – 2025, Dong Nai will need more than VND 70,000 billion of capital.
The representative of Ba Ria – Vung Tau province said that public investment capital in the province will be prioritized to be allocated to key infrastructure projects with the nature of regional connectivity.
In which, the project is expected to be the Bien Hoa – Vung Tau expressway phase 1 with a total capital of about 19,616 billion VND. The expressway is expected to start construction in 2022 and be completed in 2025 under the BOT contract mode. Once completed and put into operation, the expressway plays an important role in improving the efficiency of goods circulation, increasing trade and connectivity, and shortening the travel time from Ho Chi Minh City to Ba Ria – Vung Tau. Ria – Vung Tau.
In addition to the Bien Hoa – Vung Tau expressway, other key infrastructure projects are also implemented in the period of 2021 – 2025. Notably, such as the Phuoc An bridge project (total investment of about VND 4,879 billion), the road project 991B from National Highway 51 to Cai Mep port downstream (total investment of more than 4,000 billion VND)… Along with that is the impact from the Long Thanh airport project with a capacity of up to 100 million passengers per year and a water port. Cai Mep – Thi Vai deepwater can handle large ships of 200,000 tons.
Besides investing in infrastructure and seaports, Ba Ria – Vung Tau is also promoting to attract many large enterprises to invest in industry, tourism and real estate. Prominent among them are Vin Group, FLC Group, Sun Group, Novaland, Hung Thinh, Tuan Chau … combining many famous local real estate investment enterprises such as Lan Anh, Barimex, Godel Alpha. ..
According to experts, the highlight of investment in infrastructure, tourism, seaports and real estate has created positive signals for the real estate market of Ba Ria – Vung Tau. This will be a great leverage to create momentum for Ba Ria – Vung Tau real estate to grow strongly in the coming time and become attractive to investors.
Potential investment in real estate market Ba Ria – Vung Tau
It is no coincidence that Ba Ria – Vung Tau is expected to become an attractive investment destination in the southern market. The advantages of building transport infrastructure, promoting industrial development and tourism of Ba Ria – Vung Tau have promoted and stimulated the real estate market to grow strongly.
According to experts, the development of industry and tourism has led to an increase in the demand for property ownership in Ba Ria – Vung Tau, especially in the marine real estate, industrial real estate and real estate segments. properties adjacent to industrial zones such as land plots, townhouses…
Ba Ria – Vung Tau converges 5 important factors for real estate investment, including: advantages from the international airport, the largest deep-water seaport in Southeast Asia, many large industrial parks and developed tourism. thrive. The market attracts investors because the land prices are cheap and there is plenty of room for price increases.
Recorded in the real estate market of Ba Ria – Vung Tau, in the past few years, real estate prices have fluctuated steadily. Especially when information about infrastructure such as highways, airports, and arterial road expansion is implemented, real estate has a good incentive to increase prices.
Along with the fact that real estate prices in Ho Chi Minh City and neighboring provinces such as Dong Nai and Binh Duong are also high, it has become a reason why investors look to neighboring provinces to look for opportunities.
Ba Ria – Vung Tau owns a convenient location, infrastructure in the development stage, an increasingly complete transportation system, industry and tourism are the economic spearheads attracting strong investment capital. “With many strengths, Ba Ria – Vung Tau real estate has become an attractive investment destination in the southern region. Especially in the segment of coastal land, land near industrial parks, Expectations for a breakthrough in price growth potential are still very high,” said a business representative.