Binh Dinh Invest

Binh Dinh attracts nearly VND 16,000 billion for new investment in 7 first months of 2022

31/07/2022

For the first 7 months of 2022, the whole province has attracted 44 domestic projects with a total value of VND 10,768.42 billion and increased investment capital for 9 projects, with total value of VND 5,196.44 billion.

Groundbreaking ceremony of An Viet Phat Tay Son wood pallet factory

Accordingly, there are 19 projects invested in industrial clusters with total value of VND 366.52 billion, 12 projects outside the economic zone and industrial parks with total value of VND 8,105.52 billion and 13 projects in the economic zone and industrial parks with total value of VND 2,296.38 billion.

For foreign investment, two projects registers to increase capital, 1 in the industrial zone and 1 outside the economic zone and industrial parks; total adjusted value is USD 2.03 million. The province currently has 86 FDI projects with total value of USD 1,093.68 billion; of which there are 38 projects in the economic zone and industrial parks with total value of USD 848.06 million and 48 projects outside the economic zone and industrial parks with total value of USD 245.62 million.

Divided by sector, there are 31 projects in industry; 9 projects in trade, service and tourism; 3 projects in real estate and 1 project in information technology.

Some significant large projects include: FPT Software Research, Production and Technology Center of FPT Software Co., Ltd with registered capital of VND 2000 billion, Thien Tam high-class furniture factory of Thien Tam High-class Furniture Joint Stock Company with registered capital of VND 250 billion, Wood sawing and drying factory of AVP Quang Trung Co., Ltd. with registered value of VND 165.56 billion, Nguyet Anh Wood Pellet Factory project of Nguyet Anh Joint Stock Company with registered investment capital of VND 115 billion.

In order to enhance investment attraction, especially foreign direct investment, the Department of Planning and Investment has recently proposed the Provincial People's Committee several solutions to carry out in the last months of 2022, specifically:

Firstly, focusing on reviewing the implementation of projects already given investment approvals or investment certificates, including bidding and auction projects. Thereby, proposals shall be sent to the Provincial People's Committee to solve any arising problems or difficulties; projects that are no longer able to be implemented shall be terminated.

Secondly, organizing investor selection for eligible projects; assigning localities to organize selection, especially auction projects.

Thirdly, proposing plans to select investors to build technical infrastructure of an industrial cluster with development orientation of priority industries in the province, the socio-economic development orientations, regional and specialized plannings in the province.

Fourthly, speeding up investment promotion activities in important markets, in the near future, sending Investment Promotion Delegations to Korea (September 2022) and Japan (November 2022), attending the Investment Promotion Conference with Taiwanese investors and Thai Investment Promotion Conference held in Ho Chi Minh City (October 2022), organizing an Investment Promotion Conference with German enterprises in Binh Dinh in November 2022, attending the Green Economy Forum and International Exhibition (GEFE) 2022 organized by the European Chamber of Commerce in Vietnam (EUROCHAM) to reach a number of European businesses in Vietnam.