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In terms of domestic investment, if in 2018, the whole province attracted 80 projects with a total capital of VND 34,887 billion; in 2019 the whole province granted investment approvals for 83 projects with a total capital over VND 48,059.61 billion. Therefore, compared to the previous year, an increase of 3.8% has been made in the number of projects. Specifically:

Outside the Economic Zone and Industrial Parks: Granting approvals for 57 projects with total capital of VND 13,734 billion.

In the Economic Zone: Granting licenses for 10 projects in Nhon Hoi Economic Zone (including Industrial Zones Nhon Hoi A and B) with registered capital of VND 30,142 billion.

Besides, the province successfully organized auctions for land right use for 3 projects with a total capital of over VND 3,977 billion.

In terms of foreign investment, during 2019 the province granted certificates for 6 projects with total capital of USD 80.02 million. The disbursement capital of FDI projects reached about USD 100 million, accounting for 130% of the plan. The province currently has 80 FDI projects, value of USD 709.31 million, including 32 projects in the Economic Zone and Industrial Parks with total capital of USD 485.26 million and 48 projects outside EZs and IPs with total capital of USD 224.05 million.

The above results show that the business environment in Binh Dinh province today is quite attractive for domestic and foreign investors' business, which is an impetus for promoting local socio-economic growth and investment attraction in 2020 and subsequent years.

In the period 2015 - 2019, the year 2019 is considered to be the most impressive year for the quality of private investment, many large-scale projects of well-known investors such as FPT, Phat Dat, Hung Thinh, FLC... are pouring capital into the province.

Some major projects lured in Binh Dinh province in 2019 include Nhon Hoi Ecological Tourism Urban Area Project invested by Phat Dat Real Estate Development Joint Stock Company in Nhon Hoi Economic Zone, Quy Nhon city with total capital of VND 25,576 billion, Office, hotel and apartment complex project invested by Hung Thinh Service Entertainment Joint Stock Company in Quy Nhon city with investment capital of VND 2,119 billion; Nhon Hoi 1 and Nhon Hoi 2 Wind Power Plant Project invested by FICO Real Estate Company Limited in Nhon Hoi Economic Zone, Quy Nhon city, total capital of VND 2,285.89 billion; QNY Solar Power Plant Project is invested by QN Energy Joint Stock Company in Nhon Hoi Economic Zone, Quy Nhon city, with total capital of VND 1,612 billion; Bamboo Airway Training Institute Project of Bamboo Aviation Company Limited of FLC Group in Nhon Hoi Economic Zone, Quy Nhon city, capital of VND 659 billion; FPT University Project - AI Quy Nhon Branch of FPT University in the Northern Urban Area of Ha Thanh River, Quy Nhon city valued at VND 693.93 billion; TingCo Binh Dinh Beverage Factory Project of TingCo Limited Company in Nhon Hoi Economic Zone, Quy Nhon city valued at VND 300 billion; Office, hotel and apartment complex project of Hung Thinh Quy Nhon Entertainment Service Joint Stock Company at No.01 Nguyen Tat Thanh, Quy Nhon city valued at VND 2,119 billion; the office and hotel complex at No. 01 Ngo May, Quy Nhon city, a joint venture of Phat Dat Real Estate Development Joint Stock Company, AKYN Investment Trading and Services JS Company and 559 Investment Joint Stock Company valued at VND 1,000 billion...

Though Quy Nhon city continued to lead in attracting investment, in 2019, many districts started to focus on attracting investment, especially in extremely difficult areas have considered private capital flow an important source for the overall economic growth of the province and creation of new jobs and the number of skilled workers.

According to the Government’s regulations, Binh Dinh has 7 districts in the list of specially difficult areas, namely: An Lao, Hoai An, Van Canh, Vinh Thanh, Tay Son, Phu My, Phu Cat and Nhon Hoi Economic Zone; 1 district in the list of difficult areas, Tuy Phuoc. 

In 2018, Tay Son district attracted investment in 02 projects, so far the district has attracted up to 10 investment projects. Similarly, Phu My and Hoai Nhon districts each attracted 9 projects in 2019, an increase of 5 projects compared to 4 projects in the previous year. Tuy Phuoc district attracted 06 projects, an increase of 4 projects compared to 2018, which is considered a positive change for the efforts of Binh Dinh province in improving the business and investment environment. 

                             

However, there are still some areas failing to attract investment. In particulat, Vinh Thanh, Hoai An and An Lao are the places that attracted only one or two projects in the past year.

The key solution for improving economic growth is to improve the business and investment environment, which is still identified as a key task of all levels and sectors. According to the plan approved by the province, the tasks in the coming time will be:

Enhancing promotion activities in major domestic and foreign markets such as Binh Duong, Ho Chi Minh City and Hanoi, Japan, Korea, Australia, the United States...; special attention shall be paid to attracting large domestic enterprises to lure foreign corporations;

Speeding up the construction and completion of crutial infrastructure works of the province, especially the key traffic works such as Quy Nhon - Van Canh axis, the economic zone - airport axis, the national highway 19, the coastal roads..;

Enhancing the improvement of business environment, reforming administrative procedures to give priority to attracting investment in developing key economic sectors, creating a breakthrough for economic growth of the province; thoroughly apply the highest preferential mechanisms and policies according to the Government's prescribed framework to projects calling for investment in the locality, especially projects into industrial parks and clusters;

Continuing to support investors in completing administrative procedures, solving difficulties to start the construction of key projects such as Becamex, FPT, Hung Thinh, inland ports and logistics chain... It is important to accelerate projects that are eligible to implement construction and terminate projects that are behind schedule due to limited capacity.

Organizing auctions of land use right, biddings for large projects to create a budget revenue and to attract the next projects such as High-class Hotel Area Project at K200 Land Area, An Duong Vuong street, Quy Nhon city on an area of 10,819 m2; the commercial, service, office, hotel and apartment complex at 25 Tay Son on an area of 7,094 m2; the logistic infrastructure and aquatic product processing project; the urban areas in Quy Nhon city and surrounding areas...