Opening ceremony of TMA Binh Dinh Innovative Park
Investment attraction in 9 months of 2020
Regarding foreign investment attraction: In the first nine months of this year, only two foreign-invested projects with total capital of 1.93 million USD were granted investment certificates. In comparision with the same period last year, total registered capital decreases by 95.18%. The main reason for this decline has been foreseen, in particular the Covid-19 epidemic has affected investors' travel as well as decisions on new investment and scaling up existing projects.
Binh Dinh welcomes the first international flight in 2020
Up to now, the province has 83 foreign direct invested projects with total registered capital of USD 979.94 million.
Regarding domestic investment attraction: Thanks to good control of domestic epidemic, investment activities of domestic enterprises still proceed quite smoothly. By the end of September, the whole province attracted 92 projects with total capital of VND 17,801 billion (Outside the economic zone and industrial parks: 67 projects with total capital of VND 8,966.28 billion; inside the EZ, IPs: 25 projects with total capital of over VND 8,835 billion); Compared with the same period last year, the number of projects increases by 23.49% and there is a decrease of total capital by 18.16%.
Ground-breaking Ceremony of Becamex VSIP Binh Dinh Township and Industrial Park
Some prominent projects that the province granted investment certificates in the first 9 months of 2020 include: High-class hotel project at 01 Ngo May of Ngo May Real Estate Investment Joint Stock Company with total capital of VND 1,815.64 billion; Hoi Van resort and health care project of Truong Thanh Binh Dinh Joint Stock Company with capital of VND 629.92 billion; Thi Nai Port storage and logistics service center and the seafood processing area of Thi Nai Port Joint Stock Company, with total capital of VND 887 billion; the high-tech meat and poultry breeding, producing and exporting of Minh Du Poultry Breed Co., Ltd. with capital of 537 billion dong; Nhon Tan industrial cluster infrastructure construction and trading of Minh Hieu General Construction Co., Ltd, with capital of VND 104.54 billion.
Significantly, in September, Becamex Binh Dinh Joint Stock Company (JSC) held a groundbreaking ceremony for Becamex VSIP Binh Dinh Township and Industrial Park in Canh Vinh commune, Van Canh district, Binh Dinh province; TMA Binh Dinh Innovative Park officially opened in Quy Hoa Science and Education Urban Area, Quy Nhon city, Binh Dinh province, ... these events are viewed as an important turning point in creating a driving force to promote the economic development of Binh Dinh province.
Classification by field of investment
Industry - Construction is still the field that investors are interested the most, accounting for the highest proportion with 50% compared to other investment sectors; Agriculture - Forestry - Fisheries is a special field of the province and the proportion of investment reaches 34%. Due to the impact of the epidemic, Tourism - Trade sector suffered the most, accounting for only 16%.
Classification by location
Classified by location
Qua nhiều năm, các huyện Tây Sơn, Vĩnh Thạnh và Hoài Ân luôn là các địa bàn thu hút ít dự án đầu tư nhất, do vậy các địa bàn này cần cải thiện phương pháp thu hút đầu tư, đặc biệt là lựa chọn các dự án phù hợp với đặc thù của vùng như may mặc, chế biến nông lâm sản, năng lượng.
Regardless of the area in the EZ, IPs with 25 projects, An Nhon town is the area that attracts the highest number of projects with a total number of 17 projects; in turn, the areas with many investment projects are Quy Nhon city with 14 projects, Tuy Phuoc district 8 projects, Phu My district 6 projects. Over the past few years, Tay Son, Vinh Thanh and Hoai An districts have always been the locations that attract the least amount of projects, therefore these areas need to improve approach in attracting investment, in particular priorities should be set for fields such as garment, agricultural and forestry product processing, energy…
Classification by capital scale
Classified by capital scale
So với cùng kỳ năm ngoái, quy mô vốn đầu tư năm nay có sự sụt giảm đáng kể, chỉ đạt 17.801 tỷ đồng (năm 2019 đạt 25.699 tỷ đồng, giảm 18,16%). Sở dĩ có sự sụt giảm nêu trên chủ yếu là do các nhà đầu tư gặp khó khăn trong khâu sản xuất và xuất nhập khẩu, tình trạng đứt gãy chuỗi cung ứng, chuỗi giá trị vẫn chưa thể khắc phục, đặc biệt những doanh nghiệp có đầu vào, đầu ra phụ thuộc vào thị trường quốc tế, tham gia sâu vào mạng lưới sản xuất, chuỗi giá trị toàn cầu như dệt may, da giày, du lịch, hàng không, nhà hàng, khách sạn, logistics… cũng gặp khó khăn nên chưa tính đến việc đầu tư mới.
Compared to the same period last year, the scale of investment this year had a significant decrease, achieving approximately VND 17,801 billion (in 2019 it was VND 25,699 billion, down 18.16%). The reason for the decline is mainly due to the difficulties of investors in production and import-export, disruptions of supply chain and value chain have not been improved, especially businesses whose inputs and outputs depend on international markets and deeply participate in production networks, global value chains such as textiles, footwear, tourism, airlines, restaurants, hotels, logistics ... also face substantial difficulties and are reluctant to plan for new investment.
Orientation for the last 3 months of 2020
Despite effects from the epidemic in 2020, it can be seen that it is an opportunity for businesses to renew themselves, in the coming time, businesses need to find new directions in accordance with market demands to survive and develop stronger, because risks always goes with opportunities. Eligible businesses will change from "freezing" status to immediately grasp new opportunities, promote the capacity building and get prepared for sustainable development.
In the last 3 months of the year, Binh Dinh province’s coincerned authorities will continue to identify the difficulties and problems of enterprises affected by Covid 19 to provide appropriate supportive policies to promote production and trade so that businesses are able to employ new, modern, effective and suitable forms of production and trade and participate in new value chains.
Besides, the province will continue to implement investor selection procedures for important projects, such as: Anh Viet Residential Area; Northeast Dieu Tri green urban area, Tuy Phuoc district; Phu Hau - Cat Tien Amusement Park, Nhon Hoi Economic Zone; Nhon Binh new urban area; Project in Sub-zone 1 and Sub-zone 2, Hoi Van village, Cat Hiep commune, Phu Cat district; Tourist Site No. 2A Quy Nhon - Song Cau route; Tourist Site No. 10B Quy Nhon - Song Cau route; Tourist Site No. 9H Quy Nhon - Song Cau route; Vocational training and oversea labor supply Centre; the rest stop at Phuoc Thanh, Tuy Phuoc district ...; which are in the process of bidding to be carried out, with total capital of thousands of billion dong. Therefore, it is expected that the overall investment attraction plan for the year will be accomplished.
(Some photos used in this article are from some province’s newspapers)
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