The Virginia Beach and Olongapo Business Development Office (VBOBDO) was established in 2015 as a partnership between the Sister Cities of Virginia Beach, Virginia USA and Olongapo City, Republic of the Philippines, to advance economic opportunities for each city by creating innovative partnerships and providing tangible business support services.
VBOBDO is registered as a non-stock, non-profit entity in the Republic of the Philippines, and is governed by an independent Board of Directors representing the Filipino business community and the City of Virginia Beach.
To operate and promote an economic and business development partnership between the Cities of Virginia Beach, Virginia USA and Olongapo City, Republic of the Philippines to create, sustain and develop a dynamic and diverse economy.
Establish strong relationships with key business partners in the Philippines and US to attract new direct investment, support a dynamic entrepreneurial community, and create opportunities for world class economic growth and sustainable job creation.
Located on the west coast of the largest island in the Republic of the Philippines, Olongapo is in the state of Zambales, adjacent to Subic Bay and 125 km from the City of Manila. With deep water access to the West Philippines Sea, this area provides companies an unrivaled global gateway.
Together with the states of Pampanga and Bataan, Zambales firms the Central Luzon District, with combined population of more than 3.2 million people, Olongapo and the Subic Bay Freeport zone are the major economic engines.
|Zambales Province (Subic Bay Freeport Zone)|| 534,443|
|Bataan Province (Freeport Area Bataan)|| 687,482|
|Pampanga Province (Clark Freeport Zone)||2,014,019|
Key Industries and Strengths
Based on the strengths of each primary business area/Freeport zone, VBOBDO has identified specific industry sectors to target for attracting new investment. These include:
- Maritime and Logistics
- Information Technology
- Advanced Manufacturing
- Civil and Environmental Engineering
- Alternative Energy (Solar and Wind)
- Hospitality Development
- Medical Science/Healthcare Services
- Private Technical Training
The primary focus of VBOBDO is to promote international investment opportunities among Virginia Beach, the Commonwealth of Virginia USA and Central Luzon.
Each Freeport Zone in the Philippines operates and manages its own international investment programs, with unique incentives and permitting processes authorized by the Board of Investment.
Subic Bay Freeport Zone: Managed by the Subic Bay Metropolitan Authority (SBMA), the Freeport Zone is located adjacent to Olongapo City, the largest city in Zambales. The SBMA operates a 262 square mile (670 square kilometer) Freeport zone featuring a self-sustaining tourism, industrial, commercial, and financial center to generate employment and investment opportunities within the former US Naval facility in Subic Bay.
- Clark Freeport Zone
- Freeport Area Bataan
In the US, freeport zones are referred to as foreign trade zones under authority of the US Commerce Department. In Virginia Beach, the foreign trade zone program is administered by the Virginia Port Authority, and includes the entire Virginia Beach metropolitan area.
Virginia Beach Olongapo Business Development Office
Olongapo City Hall Complex, Room 305
2200 Olongapo City, Philippines
+63 (917) 816-5462
Virginia Beach Economic Development
4525 Main Street, Suite 700
Virginia Beach, VA 23462
+1 (757) 385-6464