02/01/2023
With the advantages and good preparation to "move forward and stay go ahead" in terms of infrastructure of industrial parks, transportation, human resources for production, after the Covid-19 epidemic, Binh Dinh province is the first choice for different investment capital sources.
Perspective of Long Son Hoai Nhon Iron and Steel Complex project
As of December 31,
2022, Binh Dinh province has attracted 81 new projects (80 domestic projects,
01 foreign project) with total value of VND 19,644.61 billion and increased
investment capital of 17 projects with total increased value of VND 19,475.5
billion, which reaches 135% of the plan set out at the beginning of the year to
attract 60 projects. Specifically:
For domestic
investment attraction: 33 projects register to invest in industrial clusters with
total value of VND 2,110.61 billion, 21 projects in the economic zone and industrial
parks with total value of VND 3,310.46 billion, 26 projects outside economic zone,
idustrial parks and industrial cluster with total value of VND 14,123.53
billion.
Being divided by
sector: 56 projects in industries, 11 projects in trade, services and tourism, 9
projects in real estate, construction, infrastructure, 2 projects in agriculture
1 project in information technology and
project in Education.
With regard to
attracting foreign investment, the province has attracted 1 project with value of
USD 4 million and 5 projects registered to increase capital with an increase of
USD 16.04 million. Currently, the province has 87 FDI projects with a total
registered capital of over USD 1.11 billion.
Signing a memorandum
of cooperation between the province and German Chamber of Industry and Commerce
(AHK)
In 2022, many foreign
investors from countries and territories with leading economies such as:
Germany, Korea, Japan, Singapore, Israel, Australia, New Zealand, Thailand,
etc. visited Binh Dinh. It is expected to receive foreign capital flow from
these investors in the next years.
There were 1,203 newly
established enterprises with total registered capital of VND 10,118.99 billion,
increasing 28.39% compared to the same period the year before in terms of the
number of registered enterprises and decreasing 20.4% the registered capital
amount.
Export turnover in
2022 is estimated at 1,550 million USD, up 9.3% compared to the same period the
year before, reaching 114.8 % of the year plan. Some items increased compared to
the same period the year before such as: Cassava and cassava products were of US$
64.8 million, up 66.4%; seafood products of USD 169.3 million, up 61.7%; textiles
and garments of USD 284.6 million, up 47.2%; wood of different kinds of USD 310.3
million, up 36.6%...
Some commodities
decreased compared to the same period such as: rice of USD 43.2 million, down
36.6%; plastic products of USD 152.3 million, down 29.3%; wood products of USD 465.8
million, down 6.9%...
Import turnover in
2022 is estimated at USD 469.6 million, down 1% compared to the same period the
year before, reaching 102.2% of the year plan. Some items increased compared to
the same period the year such as: seafood products were of USD 110.1 million, up 71.8%; animal
feed and raw materials of USD 73.3 million, up 22.9%; fabrics of different
kinds USD 51.5 million, up 18.7%...
Some commodities
decreased compared to the same period such as: fertilizer was of USD 11.8
million, down 54.3%; wood and wood products USD 56.5 million, down 2.5%; raw
materials for textile, garment, leather and footwear 84.9 million USD, down
0.2%;…
To enhance investment
attraction, in 2022, the province has effectively implemented a number of key
programs such as:
(1) Organizing
auctions, bidding, and selecting investors for a number of large and key
projects (2) Promoting and supporting investment in Quy Hoa Science Urban Area;
(3) Signing cooperation agreement on communication and investment promotion
between Binh Dinh province and Vietnam Airlines, Bamboo Airways, Vietjet Air;
(4) Organizing an investment promotion trip and an investment promotion
conference into Binh Dinh in Korea; (5) Organizing investment promotion
conferences with Germany, Thailand, and Korea (6) Supporting and solving investors'
problems and difficulties through the Provincial People Committee’s Chairman's
Investment Promotion and Support Working Group; (7) Updating, adjusting and
supplementing the priority list of calling for investment in Binh Dinh province
in the period of 2021 - 2025; (8) Developing a set of Competitiveness Indexes for
District, Township and Department (DDCI) levels.
Binh Dinh Investment Promotion Delegation in Korea
The province's
investment promotion work in Binh Dinh province achieved numerous positive
outcomes last year when investment promotion methods were diversified, digital
transformation was applied in investment supervision; many eligible investors
continued to make investment in new projects, some projects were completed and
put into operation. However, there are constraints such as: the efficiency of
production and business activities of some enterprises in the province is not
high; some key industries of the province had decreased production index or low
growth rate compared to the same period; some manufacturing industries lack
input material; domestic and international demand of a number of products have
decreased, especially from large markets (such as China, Korea, Japan, the US
and the EU), the development of diversified investment proportions has not been
commensurate with the potential of the province.
Identifying sources of
non-budget capital (private investment) is very important for the
socio-economic development of the province and it is one of the tasks
contributing to the successful implementation of the Resolution of the 20th
Provincial Party Congress, term 2020 - 2025. In 2023, the province will
continue to organize many online conferences on investment promotion with other
countries, actively expand international cooperation relationships and
establish bilateral cooperation relationships with oversea provinces and
cities. The province also sets out a number of specific key tasks as follows:
First, continue to mobilize
resources to complete traffic and industrial park infrastructure, providing
human resource training, focusing on inviting industrial projects, building
social housing, housing for workers, providing adequate and timely labor
resources for enterprises in the province.
Second, continue to
promote administrative procedure reform, focus on digital transformation,
develop high-quality services to meet production and business requirements of
enterprises and development needs, industrial and urban areas of the province
to create the most favorable conditions for investment.
Third, attract investment
focuses on the fields of 5 main pillars, including: industry; travel; high-tech
agriculture; port and logistics services; urban economy associated with urbanization.
selectively attracting projects that use land economically, save energy, use
high technology, clean technology, are environmentally friendly, have high
added value, pay large budgets and contribute to rapid and sustainable
socio-economic development.
Focus is put on
developing modern, large-scale, environmentally friendly industries, spearhead
service and industries associated with environmental protection, solving social
problems, and using land economically and improving the quality and efficiency
of investment capital.
Fourth, increase investment
promotion and management activities, strengthen investment support activities,
improve the business investment environment and create a favorable and
attractive investment environment for investors.
Fifth, a list of
investment attraction is made for the period of 2023 - 2025, which clearly
identifies key projects focusing on exploiting the potential and advantages of
the locality, accelerating the completion of investment procedures in
industrial parks and industrial clusters with advantages in the province, in
addition to the planned industrial parks and industrial clusters.
Sixth, effort is made
to attract more than 60 projects each year (including foreign capital) and the following
year increases by 10% compared to the previous year in terms of the number of
projects. The aim is to attract over VND 20,000 billion of registered investment
capital each year (including foreign capital) and the following year increases
by about 10% of the registered capital compared to the previous year. The
disbursement rate is expected to be over VND 20,000 billion per year, including
foreign capital.
Seventh, continue to implement
cooperation programs with domestic provinces: Binh Duong, Ha Tinh, Gia Lai,
Hanoi, Ho Chi Minh and foreign cities: Izumisano (Japan), Yongsan, Incheon
(Korea); Universities: FPT, Hanoi Polytechnic, Ton Duc Thang, etc. in
accordance with the cooperation program between organizations and localities
with Binh Dinh Provincial People's Committee. Cooperation with 04 airlines
Vietnam Airlines, Vietjet, Bamboo Airways, Vietravel Airlines shall be
implemented as signed.
Eighth, organize
dialogues with enterprises. Binh Dinh attaches great importance to the business
community, the province always recognizes the great contributions of the
business community. In 2023, the province leadership shall organizes regular
meetings with businesses to get their opinions; as a result, promptly removing
difficulties and obstacles for businesses.
In 2023, it is forecast that the global production will face more challenges and this will affect the economic growth of Vietnam in general and Binh Dinh in particular. However, with the consistent view of respecting the position and role of the business community and investors in the province's socio-economic development and with the motto "taking the people and businesses as the service center", Binh Dinh province is committed to providing maximum support for investors and businesses to find different, successful and sustainable investment opportunities in the province.