Binh Dinh Invest

Investors commit over $7 bil. for Binh Dinh Province

25/01/2010

Investors committed to pour some US $7.36 billion into 22 projects in the central province of Binh Dinh at the end of the one-day investment promotion conference held today there.

Investors committed to pour some US $7.36 billion into 22 projects in the central province of Binh Dinh at the end of the one-day investment promotion conference held today there.

The event themed “Binh Dinh - An Attractive Destination for Investors” was co-organized by the Bank for Investment and Development of Vietnam (BIDV) and the Binh Dinh People’s Committee.

Over 500 domestic and foreign investors joined the event. The results would be a great victory for the province as 22 projects were signed with the total capital of over US $7.36 billion, including 5 foreign-funded projects worth of over US $5 billion.

Binh Dinh Province boasts for potentialities in transport, tourism and sea-borne economic sector. It is also one of the five most important pillars of the Central key economic region.

Especially, the province has been among the country’s best destinations for investment. Last year, it ranked the 7th in terms of provincial competitiveness index.

Up to now, Binh Dinh has licensed 230 projects owned by domestic investors and 34 FDI ones.

Regarding some of the investors’ proposals relating to infrastructure and site clearance, Deputy PM Hoang Trung Hai said that the Government assigned the Ministry of Transport to dredge the Quy Nhon Port right this year.

The Deputy PM also called on investors to equip themselves with up-to-date information relating to the locality’s planning scheme to maximize the efficiency of their projects.

In an interview with VPG’ reporter, Chairman of Binh Dinh People’s Committee Nguyen Van Thien said that the province has prepared preferential policies to welcome investors, including assistance to enterprises’ labor training and trademark promotion.

By Hai Minh - VGP

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