Ribbon-cutting ceremony of the inauguration of the road to Dieu Tri Train Station, Dieu Tri town, Tuy Phuoc district (source: Transport Newspaper)

By the end of March 31, 2021, the whole province attracted 17 projects with total capital of VND 23,773 billion, of which: 12 projects were proposed to the Provincial People's Committee for approval by the Department of Planning and Investment with total capital of VND 22,933.25 billion; 1 social housing project proposed by the Department of Construction to the Provincial People's Committee for approval with total capital of VND 786.56 billion; 4 projects in the Industrial Park (IZ) were approved by the Management Board of the Economic Zone (EZ) with total capital of VND 53.63 billion.

Also in the first quarter, the province adjusted the investment registration certificates for two projects, the Calla Apartment Quy Nhon project (commercial apartment building) of Armo Investment and Development Joint Stock Company and the hotel and the condotel and hotel complex of Xuan Dieu Investment and Development Joint Stock Company; approved the capital raising proposals for 4 FDI projects and 1 case of capital contribution/share purchase/capital contribution of foreign investor.

In order to meet the technical infrastructure for attracting investment and business, a number of works such as: the core urban center route - Nhon Hoi eco-tourism urban area, the arterial road of the economic zone from Km+00 to Mai Huong Bay, the inter-regional route connecting from the road to Nhon Ly to the Urban Core Zone are being constructed and going to be put into operation.

The road to Phu Cat airport, the section from National Highway 1 to the airport entrance has been upgraded and expanded

In order to celebrate the 46th anniversary of the Liberation Day of Binh Dinh Province (March 31st, 1975 - March 31, 2021), on March 29, the People's Committee of Binh Dinh province held the inauguration ceremony of three transport infrastructure projects, namely the embankment project in Nhon Hai commune, Quy Nhon city; the access road project to Dieu Tri Train Station, Dieu Tri town, Tuy Phuoc district and the upgrading and expansion project of the road to Phu Cat airport, the section from Highway 1 to the airport entrance.

In the first quarter of 2021, the province's investment promotion activities were carried out effectively online, significantly the online seminar with Korea and Japan to promote potentials and Binh Dinh province's advantages to Korean and Japanese investors as well as directly inviting Korean and Japanese businesses and investors with good reputation operating in Vietnam and abroad to visit and investigate the business environment in areas that Binh Dinh province is luring  such as high-tech industries, electronics industry, agricultural product processing industry, wood processing industry, supporting industries, mechanical industry and agricultural products applying high technology…. The targets are to creating linkages and cooperation between entrepreneurs of Binh Dinh province and Korea and Japan in business expansion.

Binh Dinh is planning to organize several conferences and seminars in the second quarter of 2021such as investment promotion seminars with Korean businesses; dialogue with businesses in the province to invite Korean investors who are investing in Vietnam and to support businesses to overcome difficulties after Covid 19 pendemic, to stabilize production and business. The concerned agencies regularly review foreign investment projects that have granted investment registration certificates in the province in order to solve difficulties and problems in the implementation process, inspecting the activities of foreign enterprises in order to identify the reality; increase the reform of administrative procedures, especially the procedures related to the issuance of investment registration certificates and implement the supporting policies...

In addition, the province enhances communication strategies, innovations and quality improvement of multilingual documents and publications to attract foreign investors; encourage the organization of online bilateral and multilateral seminars with economic partners and foreign investors in order to connect and boost development and investment cooperation. It can be seen clearly that the investment attraction in the province is more stronger than ever. Right at the initial meeting of the year on the organization of the Tan Suu Lunar New Year (Tet), the prevention and control of the Covid-19 epidemic and some key tasks after Tet holiday, the Chairman of the Provincial People's Committee assigned the Department of Planning and Investment to propose the establishment of the work group of Investment Promotion and Support and urgently propose a plan to organize a dialogue between provincial leaders and businesses in the area.

According to the Provincial Investment Promotion Center, the prospect of attracting investment into Binh Dinh province in 2021 is very optimistic, many domestic enterprises are gradually recovering and maintaining good production and increasing their activities. More importantly, more and more foreign investors are interested, trust and wish to invest in the province. At the same time with the effect of the 2020 Investment Law (replacing the Investment Law No. 67/2014 / QH13), more openness is created to welcome the lead investors to the province. Therefore, the number of projects and total investment capital in 2021 may increase 10-20% compared to 2020.

It is believed that, when the pandemic eases, it is essential to restart the economy. Therefore, the Provincial Investment Promotion Center has carried out a series of activities to invite investors to participate in large and important projects that the province has prepared, especially the projects that are going to generate revenue for the budget and welcome investors, including FDI investment.