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At the Binh Dinh investment promotion conference, foreign and domestic companies pledged to invest 22 projects with total registered capital of over USD7.35 billion in Binh Dinh province. Among them, 13 investors received the investment certificates and nine were signed in investment commitments.

Notable projects include 80-100 hectare new urban area worth USD1 billion in Nhon Hoi economic zone, invested by HUD and VinGroup, the USD 5billion oil refinery project of Russian finance group ALT and Khang Thong service trading construction firm.

Some investors committed to soon carry out projects right after being granted licenses. Particularly, German investor Metro Cash & Carry Vietnam decided to build a new centre of USD 15 million in Quy Nhon City following nine wholesale centres in big cities. This will become the second wholesale centre in the central region, after Da Nang.

Similarly, Saigon Phu Gia Investment JSC plans to pump over USD 57.8 million to build an office building and trading centre project in Quy Nhon City with the groundbreaking schedule in the first quarter.

Meanwhile, Vinalines will build Nhon Hoi international port with an estimated cost of over USD 277 million. This was previously invested and started by Gemadept JSC. However, due to a number of reasons, Binh Dinh provincial governance decided to withdraw and assign to Vinalines for implementation.

Tran Bac Ha, chair of Bank for Investment and Development of Vietnam (BIDV) pledged to cooperate with the investors to conduct the projects in Binh Dinh province. At the conference, BIDV signed the capital financing agreements for seven projects with total nearly 11 trillion dong.

Source: The Saigon Times