Many prominent provincial and regional investment promotion events took place in the first 9 months of 2010. The Investment Promotion Center of Binh Dinh Province (IPC Binh Dinh) took initiative in helping the Department of Planning and Investment co-operate with relevant bodies and agencies to act as advisors for the provincial People’s Committee in organizing relevant events and investment promotion activities of regional and national magnitude.
Investment promotion
The investment promotion has reaped certain positive results, showing professionalism and careful consideration in preparing for the province’s image embellishment. The number and quality of projects calling for investment at conferences and forums increased.
Some of the most prominent events included the investment promotion conference in Quy Nhon city on January 20, the central key economic region Forum in Quang Ngai province from March 18-20.
The IPC Binh Dinh also joined the workshop on investment and trade promotion into the central and Central Highlands key economic region, the international trade fair of the central and Central Highlands key economic region in Hue from June 4-10.
It partly contributed to the conference on investment promotion into the central key economic region in Quang Nam on June 25-26 and the 2nd southern typical rural industrial goods fair in Vung Tau from April 24 to May 3rd.
In addition, together with other agencies, IPC Binh Dinh received 30 domestic and foreign investor delegations
Communication and advertising campaigns
IPC Binh Dinh not only provided handouts at investment promotion conferences and fairs inside and outside the province but also introduced about Binh Dinh’s image on various publications and its Vietnamese – English bilingual website.
Investment capital and ODA management
FDI projects:
6 FDI projects with the total registered capital of USD150 million were licensed in the first 9 months of 2010. Among them, two were invested in economic and industrial zones with the total capital of USD131 million while the rest ones were invested outside the economic zones with the total capital of USD19 million.
Binh Dinh has attracted so far 40 FDI projects with the total capital of USD621.475 million, of which 33 are 100 percent- foreign-invested projects, 7 are joint venture projects between foreign and domestic investors.
Among 40 FDI projects, 10 were invested in the economic and industrial zones with the total capital of USD504.910 million while 30 were invested outside the zones with the total capital of USD116.565 million.
Domestic investment:
In the first 9 months of 2010, 25 domestic projects with the total capital of over VND9.5 trillion were licensed. Binh Dinh has attracted so far over 320 projects with the total estimated registered capital of VND420 trillion, let alone 10 projects waiting for license.
ODA projects:
In addition to the ongoing projects from previous years, Binh Dinh had a new project in the first quarter of 2010 – the Belgium funded “Water Supply and Sanitation Program in Binh Dinh Province” (WSSP), let alone 2 project submitted to Ministry of Planning and Investment and relevant ministries for approval to the list of national prioritized projects using ODA capital, which is estimated at USD7.3 million. The 2 projects are on investment and new purchase of medical facilities for Phu Phong General Hospital and Bong Son General Hospital.
The province’s ODA disbursement is estimated to reach VND50 billion in the first nine months this year.
Domestic and international cooperation:
IPC Binh Dinh participated in the bilateral cooperation between Binh Dinh and the southern provinces of Laos, Ho Chi Minh City, and Ha Tinh Province in past and future. The Binh Dinh – Ha Tinh cooperation agreement for the 2011-2015 period which was signed on August 8 in Quy Nhon are being concretized by relevant agencies of the two provinces.
IPC Binh Dinh also made reports to relevant ministries and agencies on foreign investment inspection in fields of forestation and aquaculture, investigation projects, national key investment projects for the National Assembly’s approval, and overall investment reports.
It provided the information related to the 2010 Provincial Competition Index for the Vietnam Chamber of Commerce and Industry (VCCI)’s working team.
Meanwhile, IPC Binh Dinh acted as an advisor for the provincial Department of Planning and Investment to check the implementation of the licensed projects, pass project proposals before submitting to the provincial People’s Committee, or revoke license of any delayed projects before calling for other investors.
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