Binh Dinh Invest

Binh Dinh lures nearly 40 investment projects in the first 6 months of 2022

02/07/2022

Despite the effects of the Covid-19 epidemic, many investors came to Binh Dinh in the first 6 months of the year, so since the beginning of the year, Binh Dinh province has accumulatedly attracted 38 new projects with total domestic capital of VND 8,092 billion and increased capital for 8 projects, with a total increase of VND 2,439 billion.

Hoai Nhon Investment Promotion Conference in 2022

Accordingly, 18 projects were registered to invest in industrial clusters with total value of VND 355.49 billion, 9 projects outside the economic zone (EZ) and industrial parks (IPs) with total value of VND 5,622.67 billion, 11 projects in the EZ, IPs with total value of VND 2,114.38 billion.

Divided by area of investment: 28 projects in industry; 7 projects in trade, service, tourism; and 3 projects in real estate.

Regarding foreign investment activities: 2 projects register to increase capital, with total increase of USD 6.98 million USD. The province currently has 86 FDI projects with a total registered capital of USD 1,093 billion, of which 38 projects make investment in the EZ and IPs with total value of USD 846.07 million and 48 projects outside the EZ and IPs with a total registered capital of USD 250.62 million.

Some large projects include: High-rise apartment combining trading - service complex and Resort area of the remaining part of Diem Van urban area and eco-tourism of City Real Estate Investment Co., Ltd. with value of VND 2,378 billion; Binh Chuong Nam urban area, Hoai Duc ward, Hoai Nhon town of the Joint Venture of My Real Estate Joint Stock Company, Quang Binh Real Estate Company Limited and Nam Quang Infrastructure Development and Investment Joint Stock Company with value of VND 1,646 billion; Dam Thi Nai amusement park of Phu Son Thuan Construction Investment Joint Stock Company with value of VND 795.67 billion; Commercial and service urban area to the south of Do Doc Bao street, Dap Da ward, An Nhon town of the Joint Venture of Nam Viet Real Estate Joint Stock Company and Saigon Construction Joint Stock Company with value of VND 740 billion; Thien Tam high-class wood furniture factory of Thien Tam High-class Wood Furniture Joint Stock Company, with value of VND 250 billion; Warehousing, service and logistics area (KB-DV 04) of Green Farm Co., Ltd. worth VND 177.04 billion; the wood sawing, finished product drying factory of AVP Quang Trung Co., Ltd., worth VND 165,561 billion.

Export turnover of the first 6 months reached USD 842.9 million, incresing 25.3% compared to the same period of last year. Export items and groups of made good increase include aquatic products up 103.1%; timber by 11.7%; wood products increased by 16.3%; textiles and garments increased by 90.1%... Some products had a decrease in export turnover such as: rice down 56.5%; footwear of all kinds decreased by 39.8%.... Import value reached USD 218.1 million, up 6.4% over the same period.

According to the announcements of the Vietnam Federation of Trade and Industry (VCCI) on the provincial competitiveness index (PCI) of Vietnam in 2021, Binh Dinh province achieved 68.32 points, ranked 11th and belonged to the good group. Compared to the same period, it has increased 26 places and 5.14 points (in the same period last year it ranked 37th and achieved 63.18 points).

During the first 6 months of the year, 671 newly established enterprises were granted corporate registration certificates with capital of VND 6,604 billion. Compared to the same period last year, there was an increase of 22.5% in the number of enterprises and 19.1% of the registered charter capital. Besides, 294 branches/representative offices/business locations were granted certificates.

In the last 6 months of 2022, Binh Dinh province shall continue to create favorable investment environment to attract more domestic and foreign investors, accordingly focus shall be put on reforming administrative procedures, cutting down the time of investment procedures and mobilizing resources to improve infrastructure.