A corner of Quy Nhon city

In the first 6 months of 2021, the province welcomed investors to learn about the investment environment in the province such as: Goldburger Co., Ltd (Korea); FPT Software Company Limited (FPT Corporation), Long Son Company Limited, REE Group.

Due to the impact of the Covid-19 pandemic, direct investment promotion activities have not been carried out as planned. Binh Dinh province has actively promoted the application of information technology and digital platforms in investment promotion, initially the province has effectively organized online conferences and seminars with Japanese, Korean, United States partners.

Since the beginning of the year, the whole province attracted 40 projects with total capital of approximately VND 26,53 billion (compared to the same period last year, down 17 projects, an increase of VND 15,56 billion in total. investment capital).

Among the 40 projects mentioned above, there are 11 projects in real estate, 13 projects in agriculture - forestry – fisheries, 10 projects in the field of Industry – Infrastructure, 2 in trade – service, 4 projects in tourism.

With regard to bidding, appraisal and investment supervision, in the first 6 months of the year, the province approved 28 projects, appraised 58 contractor selection plans, adjusted and supplemented project approvals and contractor selection plans for 44 investment projects. The province has also appraised and approved the economic - technical reports for 65 projects, 67 contractor selection plans, adjusted, supplemented and approved the economic - technical reports and contractor selection plans for 10 investment projects.

Up to present, the province has granted business registration certificates for 530 newly established enterprises with total registered capital of VND 4,953 billion. Compared to the same period last year, there is an increase of 22.4% in the number of enterprises and 69.8% in registered capital. Registration of 377 branches/representative offices/business locations have been approved. Also, there are 347 cases of suspension, 271 cases of re-opening.

In the last 6 months of the year, Binh Dinh province focuses on implementing "dual tasks" of epidemic prevention and socio-economic development, completing 5 key tasks, implementing the planning of Binh Dinh province for the period 2021-2030, with vision to 2050, Binh Dinh province has signed an agreement with McKinsey & Company Vietnam Co., Ltd and FPT Joint Stock Company.

At the same time, all sectors have sped up the implementation of administrative reform, improving the competitiveness of the province, minimizing the time of processing administrative procedures related to the establishment and operation of enterprises, gradually increasing satisfaction of businesses with public agencies and public services. In addition, the sense of responsibility and service attitude of officers, civil servants and public employees have improved, changing from awareness, habits, manners to good working attitude and dedication. The outcomes would be a favorable environment for investors and enterprises to invest, develop production and trade.

The provincial leadership has directed the speeding up of the construction progress of key projects in the province in order to gradually improve the infrastructure, boosting the province's socio-economic development, creating connection of the provinces in the central key economic region and the northern provinces of the Central Highlands. The investors are urged to accelerate the compensation and ground clearance work, construction progress. Much support has been given for land clearance creation of favorable conditions for investors to deploy the Becamex VSIP Binh Dinh Industrial, Urban and Service Park project. Becamex VSIP – Binh Dinh Integrated Township & Industrial Park 

Focus has been put on promoting investment on the spot, supporting investors in project implementation, encouraging enterprises to reinvest and expand production. In addition, various resources have been mobilized to invest in building a synchronous and modern socio-economic infrastructure system for investment promotion and attraction. Priority is given for the completion of infrastructure in a number of industrial zones and clusters to attract secondary investors, creating  land resource to attract environmentally friendly projects with large capital.

In the context that business and production activities are heavily impacted by the Covid-19 pandemic, Binh Dinh province will accompany investors and businesses to overcome this difficult period, accordingly, measures and supportive policies of the central government are implemented.