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The road to Nhon Hoi Economic Zone. Photo BBD |
Binh Dinh has reaped remarkable achievements during the process of socio-economic development. The province has turned all opportunities to good advantage, aiming to attract more investment projects. Chairman of Binh Dinh People’s Committee Nguyen Van Thien talks more about the issue.
Being one of five provinces in the central key economic region, which advantages Binh Dinh has for the economic development?
Binh Dinh locates in the south central coastal region, playing as an industrial, seaport, commercial, and tourism hub of south central region and Tay Nguyen (Central Highlands).
Alongside these, it is a transportation hub linking to roads and seaports for the service of the Central Highlands with Dieu Tri station which is one of 10 biggest rail stations nationwide, let alone Quy Nhon seaport, the third largest one in Vietnam.
The province also sees many kinds of high-value minerals, such as granite, titanium, mineral water, and gold. Land and water surface are other plentiful resources in Binh Dinh.
Binh Dinh is the birthplace of Tay Son movement in the 18th century, the home of Emperor Quang Trung, and the place where Champa kingdom was built with many historic relics, including Do Ban Citadel and Cham towers.
The province is also known as the land of martial arts with various art forms, traditional festivals, and distinctive specialties, let alone many beaches and picturesque landscapes. It may be, therefore, an ideal destination for tourists.
The central province of Binh Dinh has had a major breakthrough in the infrastructure construction in the past few years. The province’s economy has got remarkable growth, the security and public order are under control, and many strategic plans have been implemented.
These factors could be considered as potential and favourable conditions for investors who intend to pour their capital into Binh Dinh.
Alongside available advantages, what has Binh Dinh done to lure investors?
The province not only depends on available advantages but creates preferential environment for investors.
The infrastructure, including traffic system, banking, water and power supply, industrial zones, and other services, has been upgraded and newly built.
The upgrade of Phu Cat airport, the increase of flight for Ha Noi-Quy Nhon air route, and high quality trains for HCM City-Binh Dinh route are also urgent issues, aiming to meet the ever-increasing demand for travelling to Binh Dinh.
Some incentive policies were promulgated to attract investors. The list of projects calling for investment as well as investment opportunities have been widely informed through workshops and seminars.
The administrative reform, particularly “one-door” mechanism, has been implemented, focusing on fields of business registration, land, and construction. The “one-door” mechanism has been implemented in Binh Dinh since October 15, 2007.
A hot line was also set up, aiming to deal with urgent issues and adjust policies resulting in problems. The province’s policies have been widely popularized through publications and the mass media, helping all businesses update the information about Binh Dinh.
Many events have been held in recent years to boost the investment attraction. The province’s investment promotion department was strengthened to be responsible for the task of promoting investment activities.
The Nhon Hoi Economic Zone has undergone massive changes recently, Quy Nhon is oriented to become an economic centre and transportation hub linking to roads and seaports for the service of the Central Highlands, and the province is focusing on developing key economic sectors.
Another important issue is the highly qualified manpower which could meet the demand for integration and development. These targets are not only orientation for the upcoming years but vision to 2020.
What has Binh Dinh achieved? How about the province’s orientations towards the investment attraction?
Despite many difficulties, Binh Dinh has still reaped remarkable results in attracting investment projects thanks to its efforts.
In 2000, there were three FDI projects worth 20 million USD pouring into Binh Dinh, but the figure has reached 33 since 2001 with the registered capital of 410 million USD. To such a small province this is a good sign.
Binh Dinh is one of provinces attracting many private enterprises to invest in wood and granite processing, aquatic products, and minerals.
More than 3,000 businesses are now operating in the whole province, let alone 285 cooperatives and 50 thousands small business households. Alongside these, 20 projects were licensed to invest in Nhon Hoi EZ.
Binh Dinh will try its best and take advantage of other sources to maintain its development. The province’s incentive policies will also be implemented.
With the whole province’s efforts, Binh Dinh is expected to become an economic centre in the central region and Central Highlands.
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