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.
The achievements were gained through many programs and measures. In 2012, Binh Dinh joined many large-scaled investment promotion events, like the investment promotion conference held in Japan’s Osaka.
Alongside these, Binh Dinh People’s Committee issued some investment incentive policies, such as assisting manpower training, brand name registration, and other infrastructure-related issues.
At present, many potential investors have sought opportunities in Binh Dinh. Japanese investors, for example, wanted to invest supporting industry projects while Nha Be Garmen Corporation planned to expand its factories. Notably, the Petroleum Corporation of Thailand (PTT) proposed to build an oil refinery and petrochemical complex in Nhon Hoi Economic Zone.
According to the Department of Planning and Investment’s vice director Huynh Thi Thanh Thuy, the department always tries to carry out three steps, including institution reform, infrastructure upgrade, and qualified manpower training, to attract more investment projects.
Binh Dinh will also improve measures for investment promotion, focusing on industries, regions, and partners, Thuy added. The department is expected to invite big groups to seek investment opportunities in Binh Dinh, particularly in Nhon Hoi Economic Zone.
The department’s investment promotion center in 2013 would widely spread the information about the province’s potential, advantages, and investment incentive policies, said the center’s director Nguyen Bay.
In addition, Binh Dinh planned to push the cooperation with neighbouring provinces and call for overseas Vietnamese to invest in Binh Dinh. The local authorities will also strictly implement the administrative reform, generating the best conditions for investors.
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