Binh Dinh Invest

Binh Dinh attracts 16 new projects in the first quarter of 2022

02/04/2022

In the first quarter of 2022, Binh Dinh continues to achieve many important milestones in investment promotion thanks to continuous effort in promoting effectively competitive advantages, reforming the business environment; the province is gradually realizing the goal of becoming an "attractive destination" of domestic and foreign investors.

The groundbreaking ceremony of the route connecting the center of An Nhon township to the western coastal road of Thi Nai lagoon in An Nhon township.

In the first quarter of 2022, many outstanding activities and events in the province's investment promotion took place such as: the Israeli Ambassador to Vietnam, the Vietnamese Ambassador to Israel, the Consulate General of China in Da Nang city made visits to Binh Dinh province; representative female entrepreneurs of the province attended the Prime Minister's Meeting with the Vietnam Association of Female Entrepreneurs; attendance at a number of conferences: Conference on Promoting Green and Inclusive Economic Recovery: Lessons from international experience, Online conference on implementing economic diplomacy organized by the Ministry of Foreign Affairs, Workshop "Investment Trends of Japanese Enterprises" and the 8th Online Seminar with Saitama Province Business, Japan in the Southern Region, organized by the Foreign Investment Agency the Ministry of Planning and Investment.

Also in Q1, many big investors such as Nutifood Nutrition Food Joint Stock Company, Tan A Dai Thanh Group, Vietnam Real Estate Club, Ho Chi Minh City Real Estate Club visited Binh Dinh in order to set up investment projects and investigate the investment environment of the province.

Since the beginning of the year, the province has granted investment approvals for 16 new projects with a total investment of VND 1,427.82 billion, of which: 11 projects are in industrial clusters (Tuong Son industrial cluster, Hoai Nhon township; Ray Ong Tho industrial cluster, Hoc Bom industrial cluster, Tay Xuan industrial cluster, Tay Son district; Go Bui industrial cluster, Go Cay industrial cluster, An Lao district); Tan Duc industrial cluster, An Nhon township) with total investment of VND 311.53 billion; 5 projects in the Economic Zone, Industrial Parks with total capital of VND 1,116.28 billion. In addition, 3 projects registered to raise investment capital wih an increase of over VND 2,040 billion.

Being classified by field: 14 projects mentioned above are in industry, 1 project in tourism and 1 project in real estate.

Also in the first quarter, 303 newly established enterprises were granted corporate registration certificates with a total registered capital of VND 2,427 billion; 121 branches/representative offices/business locations registered operation; 427 enterprises, branches, representative offices registered changes; 44 cases registered dissolution and termination of operation; 258 cases registered re-operation.

In celebration of the 47th anniversary of Binh Dinh province’s liberation (March 31, 1975 - March 31, 2022), on the morning of March 31, Binh Dinh Provincial People's Committee solemnly held the inauguration ceremony of Duc Pho Dam and started the construction of the route connecting from the center of An Nhon township to the western coastal road of Thi Nai lagoon in An Nhon township.

In the second quarter of 2022, Binh Dinh province is going to organizing numerous outstanding activities and events such as: Signing of the Memorandum of Understanding with Vietnam Airlines, Bamboo Airways, Vietjet Air, Workshop on "Solutions for opening, restoring and promoting Binh Dinh tourism development in the new situation", Conference on "Meet Korea in 2022" in Binh Dinh province. These events aim to focus on promoting investment attraction, recovery and local socio-economic development after the Covid-19 epidemic.

In general, in 2022, the whole province will focus on transforming and promoting the ways to attract investment from directly to online; continue to lure the investment waves from traditional and potential markets such as Japan, Korea, Singapore, the United States...; solutions are developed to support businesses with broken input supply chains and labor force, attract investors in important areas.

Also, the plans are made to build a highly competitive investment environment, exploit the potentials of the province in different areas such as infrastructure, policies, natural resource, human resource... to attract investors. Focus is put on attracting investment resources to contribute to the economic recovery of the province, contributing to boost the production, fulfilling the targets of economic growth, production value, export turnover, budget revenue and job creation.