Binh Dinh Invest

Binh Dinh attracts more than 60 projects with total capital of over VND 25 trillion

18/10/2019

In the first 9 months of 2019, Binh Dinh has attracted 64 investment projects with a total value of VND 25,602 billion (including 6 FDI projects with a total registered capital of VND 1,85 billion).

Presenting Investment Approvals and investment certificates at the conference on Central Region Economic Development held in Binh Dinh Province

An overview of the investment attraction

From the beginning of the year until now, Binh Dinh province has welcomed and met with many corporations, domestic and foreign enterprises who come to survey and seek investment opportunities in solar energy, tourism and agriculture services, high-tech enterprises such as NTT DATA Company (Japan), Khaki Sang Joint Stock Company (HCM city), the Viet Nam - Republic of Korea Friendship Association, JS Group (Korea), New Seoul Group (Korea), Brain Works Group (Japan), FPT Group, Hanwa Total Company (Korea), business groups from Germany include: RBVH Company, DIGI-TEXX, Spectos GmbH, MGM Technology Partners, Edgeworks Software.... Besides, lately in September the Acting Ambassador of Korean Embassy in Vietnam and the delegation representative of Yongsan District, South Korea made a visit to Binh Dinh. Especially, the province successfully collaborate with the organization board in holding the conference on the Central Region Economic Development, which contributes to promoting investment in the province.

Thanks to the transparent investment environment and open policies, from the beginning of the year until now, the province has attracted 53 projects with a total registered capital of more than 23,884 billion VND, of which 44 projects are outside the Economic Zone and Industrial parks with total capital of VND 4,425 billion, 9 investment projects in the Economic Zone with total registered capital of VND 19,459 billion and 5 projects in the industrial parks with registered capital of VND 204.61 billion.

Orientation for investment attraction in the upcoming future

Investment attraction is identified as a key solution and an important factor for the locality’s socio-economic development, the local leadership set a target to attract 40 - 50 new projects each year with a total investment of about VND 20,000 billion.

In the upcoming time, the province will continue to develop solutions to increasingly improve the investment policies in order to create favorable environments for domestic and foreign investors, attracting Investment selectively and much focus will be on high-tech, high-quality projects and eligible investors.

Also, the province will continue to review and cut down unnecessary administrative procedures, reducing time for solving administrative procedures related to investment and business registration and the one door model at the Provincial Public Administration Centre will be well operated and more improvement will be performed for selective investment promotion.

Channels of mobilizing and promoting investment through agencies, forums, and reputable economic organizations nationwide and abroad, representative offices of Vietnam in foreign countries and investment promotion organizations of foreign countries in Vietnam.

Furthermore, Binh Dinh province is going to boost the cooperation between state agencies and infrastructure investors of industrial parks and industrial clusters in mobilizing investment capital. Prompt assistance is constantly provided for enterprises so that emerging difficulties and proposals are going to be timely solved. Also proposals of policies or forms to enhance high quality projects in prioritized sectors are encouraged.