Is Vung Tau still as beautiful a place as I remember?

Has anyone here been to Vung Tau recently? I was there in 1970 & 71 and it was a beautiful town with a huge Buddhist statue watching over the whole area. There was a tree lined boulevard in the center of town and a hotel that the French had built with a restaurant on the roof. It was an elegant place. I remember the main industry was fishing and during the war it was a neutral territory. I sat at a bar next to a viet cong soldier waiting to meet with his family. That was a bizarre feeling. At the time, the Austrailan MP's were the authority's that kept peace there. I remember thinking how beautiful Vung Tau was and if there had never been a war they would be filthy rich from tourism. In fact, the whole country could be a tourist destination for all it had to offer. If you have been there recently, is it still beautiful?
Additional Details
I once slept on the beach because the sunrise there felt like a slice of Heaven.