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Accordingly, the Prime Minister assigned Binh Dinh ProvincialPeople’s Committee (PPC) to consult relevant ministries and sectors in order toprepare and submit the project plan for approval as regulated.

The Becamex – Binh Dinh industrial, urban and service zone projectis planned and constructed in Canh Vinh commune, Van Canh district invested by theInvestment and Industrial Development Corporation (BECAMEX IDC).

According to the agreement between the PPC and the BECAMEX IDCin August 2015, the Becamex – Binh Dinh industrial, urban and service zone willcover a total area of 2.370 ha (including Canh Vinh Industrial cluster). Bythe end of 2015, the project size was adjusted to 2,308 ha, decreasing 62hectares compared with initially. Total capital for the stage 1 isapproximately VND 5,000 billion. The project site is divided into twozones are: Industrial Zone A of about 1,425 ha, Industrial Zone B of about883 ha.

On 4th April 2016, the project’s detailed plan was approvedat provincial level, which is the basis for submission to the relevantministries for evaluation and approval.

The project is expected to bring about important breakthroughin attracting investment in the industrial sector and to serve as thelocomotive boosting regional economic growth, triggering other sectors todevelop, creating jobs,raising income of localpeople and, converting Binh Dinh to a strong economy in the keyeconomicregion of Central Vietnam.