On August 15, Phu My town (Ba Ria - Vung Tau province) celebrated its 30th anniversary of establishment (August 15, 1994 - August 15, 2024); At the same time, he was honored to receive the First Class Labor Medal for his outstanding achievements in investment in developing industry, urban areas and international seaports, contributing to the cause of building socialism and protecting defend the Fatherland.
With the original name of Tan Thanh district (recognized and changed to Phu My town in 2018), after 30 years of construction and development, Phu My has become a comprehensively developed urban area, in which special especially strong development of industry and seaports.
From a revolutionary base with a mainly agricultural economy, Phu My has now had positive changes in its economic structure with industry accounting for 80.43%, trade and services 18.57%. %, agriculture, forestry and fisheries 1%.
In 2023, Phu My accounts for nearly 90% of the entire province's FDI capital (1.23/1.38 billion USD). In the first 7 months of 2024 alone, FDI capital attracted 1.39/1.75 billion USD.
In particular, the Cai Mep - Thi Vai port cluster has put into operation 22/35 ports with a capacity of 117.8 million tons/year, accounting for more than 16% of the total volume of goods handled through the seaport and 35% of container cargo. the whole country.
At the same time, with 9/15 industrial parks across the province in operation, a large-scale industrial area with diverse production industries has been formed.
Thereby, gradually affirming Phu My town's role as an important economic center of Ba Ria - Vung Tau province and the Southeast Region.
Speaking at the ceremony, Mr. Pham Viet Thanh - Secretary of the Provincial Party Committee commented that with the multi-modal transport infrastructure system that has been and is being invested, it will connect the Cai Mep - Thi Vai deep-water port and the airport. Long Thanh international with economic regions in the country, region and world; making Phu My one of the strategic convergence points on key economic corridors and important trade routes of the country and region. Phu My is facing new opportunities and opportunities to affirm its role as an important growth pole.
"According to the approved plan, in the near future, Phu My will become a regional and world-class seaport city, with large-scale industrial parks, free trade zones, and service urban areas. modern, civilized services, gradually participating in the global value production chain," Mr. Thanh said.
