After three years of implementation, the Japan - Vietnam Economic Partnership Agreement has expanded trade and strengthened economic relationship between the two countries. On this basis, in order to attract more investment from Japan, Ba Ria - Vung Tau has defined priority areas of calling for investment.

After three years of implementation, the Japan - Vietnam Economic Partnership Agreement has expanded trade and strengthened economic relationship between the two countries. On this basis, in order to attract more investment from Japan, Ba Ria - Vung Tau has defined priority areas of calling for investment.

According to the investment promotion program approved by the provincial People"s Committee, in 2013, Ba Ria-Vung Tau will focus on attracting investment into fields: supporting industries (SI), high-tech industries, logistics services, health, education ... The countries which the province is aiming to call for investment in these fields including Germany, Japan, Korea ... Of which, at first, the province focus on calling for Japanese investment in the industrial sector, especially the SI.

According to Mr. Nguyen Tuong, specialist of the Ministry of Transport, catching investment into the port area of Ba Ria-Vung Tau is encountering difficulties on goods through the ports, due to import and export of Vietnam are strongly impacted by the global economic downturn. In addition, the port system of Ba Ria-Vung Tau does not have a full logistics system after port infrastructure, infrastructure connected to the port is still not good. These restrictions are contents that may call for cooperation and investment of Japan by Japanese companies strong in this sector.

Mr. Vu Trong Khang, Deputy Chairman of the Vietnam - Japan Business Club (VJBC), asserted that Ba Ria – Vung Tau should call for investment in the field of offshore fishing. Ba Ria – Vung Tau may use other means of seafood exploitation of Japan, establish teams for catching, processing and selling products in nearest markets, then buying their logistics services (oil, spare parts, food, medicines, etc.). Implementation of this project will lead to the fisheries logistics development.

According to economic experts, to attract Japanese investors successfully, on the basis of the priority areas identified, Ba Ria – Vung Tau should promote establishment of specific investment incentive policies apart from the investment policies of Vietnam. For example, incentives in the lease of land and providing grounds for port and port services projects; Develop specific investment projects to call for investment capital of Japan for the priority sectors; Properly advertise with Japanese partners; Complete the relevant technical infrastructure such as building and upgrading roads to Cai Mep-Thi Vai; Upgrade and complete infrastructure system of roads, waterways connecting Ba Ria – Vung Tau with other provinces in the Southern key economic region in the direction of modern, convenience for the best service for the flow of goods across the province constantly linking with the seaport complex; Further improve administrative procedures related to investment, electronic customs procedures and training of human resources that directly serving foreign investment.