Bavet is one of the "special economic zones" (SEZ) of Cambodia and there were established textile industries and bicycles factories. However the most evident economic activity of Bavet are the casinos, attended by Vietnamese.
In accordance with decentralization politics experienced by Cambodian government, Bavet commune has become a municipality by sub-decree in December 2008. There are about 10–12 (from small to big size) casinos and 6 to 7 developing areas set up by foreign investors. The city is in a growing state. Currently, the 2 km bridge connects the National Rd. 1 near Neang Lerg is being built (funded by Japan) and will be finished by 2015. It will be the longest bridge in Cambodia.