As reported by the BR-VT Department of Transport, BR-VT province has now 52 port projects, but many port projects falls behind schedule.

The transfer of registered capital into implemented capital for port projects is not high. 52 port projects with a total registered capital of over VND134,200 billion (excluding the ports at Long Son area), but the total capital implemented is only over VND36,000 billion, reaching a very low rate. Until January 2012, there are only 24/52 port projects put into operation with a total capacity of about 67.5 million tons, a total investment of around VND15,474 billion. 16 projects are in investment preparation, with the registered capital of more than VND56,000 billion, but only achieved VND380 billion, mainly fund for clearance and establishment of investment projects.

In 2011, only 1/10 port projects started as committed, 9 remaining projects still walked in place. A number of projects expected to start in the 2008-2009 period, but have not yet been implemented.

The cause of the slow progress, as reported by enterprises, is due to the technical infrastructure for the port system was not completed, problems in site clearance affected implementation progress of the project. In particular, the global economy downturn and strong domestic inflation, high interest rate made investors encountered problems of capital. Investors said that banks could not arrange funding for loans; many investors have called upon but so far not found any partner yet. Some projects faced difficulties because of scale and function transformation, the have to re-design the works as a result.

Confronted with this situation, the People"s Committee of Ba Ria - Vung Tau had a meeting with industries to review status of implementation of seaport investment projects in the preparation of investment group in the province, requested investors to quickly implement the port projects on schedule. For projects faced difficult problems, investors must give written reasons and explanations, commit to meet the project schedule. The province will take measures to assist investors in compensation and ground clearance.

Mr. Ho Van Nien, Deputy Chairman of BR-VT People"s Committee, stated in 2012, the province would focus on solving issues of infrastructure, human resource training and create a favorable investment environment in order to help investors to accelerate construction of port projects which have been registered and started in the area next year; at the same time, the Department of Transport was also concentrating on the logistics development project of Ba Ria - Vung Tau province towards the year 2020 as a basis to develop port system in future.