Relevant agencies are scrutinizing the feasibility of an oil refinery project costing as much as US$27 billion proposed by a Thai investor, and would only request central authorities to give their blessing after prudent considerations.

Improved logistics and infrastructure is an urgent need for the growing fisheries sector in Binh Dinh, says Nguyen Huu Hao, deputy director of the province’s Department of Agriculture and Rural Development.

Binh Dinh attracted 8 foreign direct investment (FDI) projects worth nearly $30 million last year, bringing the total of 50 FDI projects so far. The province’s authorities also licensed 33 domestic ones in 2012.

Binh Dinh Food Joint Stock Company (Bidifood) earned more than 1.3 trillion VND last year, in which the export turnover value reached nearly 59 million USD, a surge of 20 percent over the same period of 2011.

Binh Dinh Promotion Fair, co-organized by Binh Dinh Trade Promotion Center and Department of Industry and Trade, opened at the province’s trade promotion center yesterday.

Binh Dinh’s socio-economic development reaped positive results in 2012 despite many difficulties. The province is expected to reach higher growth in this year, stabilizing the macro economy, ensuring the social welfare, and improving the people’s living standard.