Bavet has become a hub for not only trade but gambling, investment and even land speculation. As an economic corridor between Cambodia and Vietnam, the Bavet international border gate traditionally had between 250 and 300 containers crossing every day.
Investments from China have been key to the development of the Special Economic Zones (SEZs) in Bavet. The government began its program for SEZs in 2005 and a total of four SEZs have been built in Bavet, and six in nearby areas of Svay Rieng.
In 2020 most exports from the Bavet SEZs included garments, footwear, bicycles and spare parts from nearly 60 factories which employ more than 40,000 people.
The other obvious economic activity in Bavet are the casinos, attended mainly by Vietnamese customers along National Road 1. At its peak, there were about 10–12 (from small to large) casinos and 6 to 7 developing areas set up by foreign investors.
Over the last few years, along with the development of the casinos in Bavet, the local economy has grown. A host of factories have begun operating in the province’s 10 special economic zones, and the real estate market has expanded.
Many of the visitors to Bavet may stop for a night or two which has led to the development of hotels, restaurants, markets and other developments
In October of 2018, three Chinese companies announced joint plans for a satellite city project in Svay Rieng province covering 800 hectares and cost roughly $500 million. The development will have a 50-hectare residential development as well as parks, entertainment venues and factories.