The city is located in the southern part of Vietnam, and is situated at the tip of a small peninsula. It has traditionally been a significant port, particularly during Vietnam's period of French rule. Today, the city's importance as a shipping port has diminished, but it still plays a significant role in Vietnam's offshore oil industry. Vung Tau is the only petroleum base of Vietnam where crude oil and gas exploitation activities dominate the city's economy and contribute principal income to Vietnam's budget and export volume.
Vũng Tàu is home to 210,000 people, of which 1250 are Russians working as specialists in the oil industry.
Phu My Port is a deep-water port able to accommodate ships ranging between 40,000 and 60,000 dwt.Phu My is a commercial port with no towns nearby. A shuttle may be provided to the small town of Ba Ria where you can take a taxi to a larger city like Vung Tau.