Binh Dinh Invest

Binh Dinh attracts 12 new projects in May 2021

01/06/2021

Since the beginning of the year, Binh Dinh province has continued to focus on implementing the "dual task" of epidemic prevention and socio-economic development. Various support measures have been adopted for businesses affected by the epidemic, contributing to removing difficulties for production and business activities, ensuring social security; efforts made to realize the socio-economic development goals and tasks in 2021.

In May 2021, Binh Dinh province attracted 12 more domestic projects with total investment capital of VND 333.8 billion.

Thus, since the beginning of the year, the province has attracted 32 domestic investment projects with capital of VND 24,198.69 billion, of which 26 projects were submitted by the Department of Planning and Investment (DPI) to the Provincial People's Committee for approval of investment policies with total capital of VND 23,290.11 billion; 1 social housing project submitted by the Department of Construction to the Provincial People's Committee for approval of investment policy with total capital of VND 786.56 billion; 5 projects in the Industrial Park were approved by Binh Dinh Economic Zone Administration (BEZA) with total investment of VND 136.64 billion.

As for attracting foreign investment, due to the outbreak of the Covid-19 epidemic, the situation of attracting foreign investment is quite sluggish. Since the beginning of the year, the province has only granted investment certificates for 2 foreign direct projects with total capital of USD 30 million, namely the manufacturing project of high-end fashion products of Ying Han International Limited Company and Hai Long Binh Dinh animal feed factory of Lanking Nano PTE Company. Ltd invested in Hoa Hoi Industrial Park, Cat Hanh commune, Phu Cat district with total capital of USD 30 million.

Binh Dinh province currently has 86 foreign-invested projects with total registered capital of more than USD one billion, of which there are 37 projects in the Economic Zone (EZ) and industrial parks (IPs) with total registered capital of USD 777.37 million and 49 projects outside the EZ and IPs with total registered capital of USD 242.7 million USD.

Some projects continue to be invested with auction of land use rights, bidding to select investors for land use projects, such as: New urban area in Cho Goc area (CG-01), Bac Ha Thanh Residential Area and urban refurbishment, Artificial Intelligence Center - Ancillary urban area at Long Van 1 land, Investor 1 Urban Area west of National Highway 19 (new); Investor 2 Urban Area west of National Highway 19 (new); Long Van 2 Urban Area; Long Van 3 Urban Area; Long Van 4 Urban Area; Diem Van Urban Area and Eco-tourism; Northeastern green urban area Dieu Tri; Anh Viet Residential Area; Tourist Spot No. 2A, Quy Nhon - Song Cau route, Ghenh Rang ward, Quy Nhon city; Residential Area No. 2 East of Nguyen Van Linh Street (project 1); Bai Bang Be Tourist Site; Phuc Gia Tan Residential Area; Phu Hau - Cat Tien Amusement Park, Nhon Binh New Urban Area; Tra Quang Nam Urban Area…

Due to the province's focus on Covid-19 prevention and control, the Business Dialogue in 2021 continued to be postponed, however, DPI and BEZA have promptly sent official letters to enterprises in the province asking them to review the situation so that the leadership can to timely grasp and support the enterprises.

In June 2021, the province will continue to appraise documents, organize preliminary assessment of capacity and experience of investors registering to implement projects for a number of large projects which are eligible for auction and bidding. More efforts will be made to attract investment in Becamex – Binh Dinh Industrial, Urban and Service Complex in particular and in industrial parks and clusters, especially industrial production projects in general.

Also in June 2021, DPI will submit new project supplementation proposal to add to the project list of 2021 – 2025 period, reviewing administrative procedures with a focus on accepting procedures of documents and procedures related to investment. In addition, DPI and BEZA will advise the Provincial People's Committee to organize diplomatic events, international conferences and seminars by online method to attract and invite foreign investors.

Currently, DPI is advising the Chairman of the Provincial People's Committee to establish a working group on investment promotion and support in order to study mechanisms and policies in accordance with the laws, proposing solutions to attract investors with great capacity in key and important fields and projects of the province, identifying difficulties and obstacles of investors in order to create favorable conditions for investors to accelerate the implementation of projects in the province, inspecting and speeding up the progress of handling administrative procedures of relevant agencies.