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. The 2km-long Neak Loeang bridge funded by Japan has been finished in April, 2015. It is the longest bridge in Cambodia.
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