Ba Ria-Vung Tau to become modern port province

Nguyen Tuan Minh, Secretary of the provincial Party Committee, was speaking at a ceremony celebrating the province’s 20th anniversary, which was attended by former State President Nguyen Minh Triet, Deputy Prime Minister Nguyen Xuan Phuc, and representatives of ministries, agencies, localities, as well as local soldiers and people.

Addressing the event, Deputy PM Phuc underlined the achievements made by the southern coastal province in the nation’s construction and protection.

Ba Ria-Vung Tau has proved its important role in the industrialization and modernization process, he said, adding that it is not only a centre of oil and gas exploration and exploitation, but also a provider of power, fertilizer, chemical substances, and steel for domestic consumption and exports. The province is also Vietnam’s top locality in terms of foreign direct investment attraction.

Deputy PM Phuc expressed the belief that Ba Ria – Vung Tau will uphold its spirit of unity, creativity and renovation, taking advantage of its resources in order to become a modern port city.

On the occasion, Mr Phuc granted the province a Ho Chi Minh Order in recognition of its achievements.

Established in 1991, Ba Ria-Vung Tau displays great potential for developing the economy, notably the marine economy. The province maintained a large-scale economy in the southern key economic region with annual GDP growth rate of 19.85 percent (excluding oil and gas) in the 1992-2010 period and an annual per capita income of US$5,000.