The new city, formed through the merger of Binh Duong, Ba Ria–Vung Tau, and Ho Chi Minh City, is envisioned as an international financial hub and a centre for science, technology, innovation, logistics, and regional cooperation — comparable to other leading Asian megacities.

The resolution affirms that in a socialist-oriented market economy, the private sector is one of the most important driving forces of the national economy. On that foundation, the upcoming mergence of Binh Duong and Ba Ria–Vung Tau provinces into Ho Chi Minh City will create conditions to form a mega-urban region integrating industry, finance, seaports, and innovation.

Over the past 75 years, cooperation between Vietnam and China at the national level has flourished. Vibrant collaboration between localities, ministries, and sectors of the two nations has significantly contributed to the growth of bilateral trade

National Assembly (NA) Chairman Vuong Dinh Hue on January 2 held a working session with the Standing Board of the provincial Party Committee of the southern province of Ba Ria–Vung Tau.

A gateway to the southern key economic region, the coastal province of Ba Ria–Vung Tau is increasingly attractive to investors.

Vina-Japan Shirogane Logistics Company Ltd on July 19 broke ground for a 5.4 million USD logistics centre at the Phu My 3 Specialised Industrial Park in the southern province of Ba Ria–Vung Tau.