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Investors sign investment contracts at the investment promotion conference in Binh Dinh. Photo N.T
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Despite some difficulties, Binh Dinh still has its own advantages, making it become one of five provinces in the central key economic region.
Binh Dinh has taken full advantage of different resources to upgrade its infrastructure in fields of traffic, telecommunication, and power after it was recognized as a functional hub in the south-central region.
Opening the Ha Noi – Binh Dinh air direct route proved the province’s effort in attracting investors, let alone the Quy Nhon Port which is expected to have the capacity of 6 million tons in late 2010 and 20 million tons by 2020.
At present, an area of 300 hectares in the Nhon Hoi Economic Zone is ready for investors. Alongside this, the construction of Nhon Hoa and Hoa Hoi industrial zones is to be finished.
The administrative reform is also given special attention, aiming to improve the investment environment. Investors pouring their capital into Binh Dinh will benefit from incentive policies, such as the “one-door” mechanism, preferential policies for land lease, and support for ground clearance.
Many seminars and programs on investment promotion have been held, introducing the province’s potential and advantages. As a result, many projects have been invested in Binh Dinh then.
Thanks to its all-out effort, Binh Dinh’s provincial competitiveness index ranked 7th last year, according to the report announced by the Vietnam Chamber of Commerce and Industry and Vietnam Competitiveness Initiative.
According to the reports, about 60 domestic projects and four FDI ones worth nearly 12,600 trillion VND and 57 million USD respectively were invested in Binh Dinh last year. So far, the province has called for more than 300 domestic and 37 FDI projects.
However, the province’s investment attraction has still fallen short of expectations. Binh Dinh is determined to improve the investment environment, creating a breakthrough in the investment attraction in the coming time.
At present, Binh Dinh Provincial People’s Committee has steered functional bodies to finish their work, creating favourable conditions for investors.
Alongside investment promotion programs, the administrative reform will continue to be strengthened, further supporting investors.
With such achievements and effort, Binh Dinh is expected to attract more investment projects this year.
