Ganh Hao is the probably the most famous and busiest restaurant in Vung Tau, especially on Friday/Saturday when you get all the out-of-town visitors, mainly from Saigon. Locals don't often eat here as it's a relatively expensive option and seafood can be eaten cheaper elsewhere around town (in more down-market surroundings).
Location is a little out of way so you can't walk to the restaurant if you're staying either at front or back beach, you'll need to take a taxi (or scooter of course). Restaurant is set right on the sea so the atmosphere and view are pretty good and the light sea breeze can make dining outside a little more comfortable too.
I particularly like the sweat and sour whole grouper fish, the grilled king prawns and the blue crabs but all the seafood is good here ... even the eel soup.
We eat out at Ganh Hao at least once each time we return to Vung Tau (wife's home town) and haven't had a bad experience yet (6 years and counting).
There are very few (relatively) upmarket places in Vung Tau so this is definitely worth a visit.
You may also want to try the Lan Rung Resort or Lam Duong (just opened, next to Thanh Phat which is the local's choice and a good 'authentic' option) - all good alternatives.
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