Prime Minister Pham Minh Chinh and leaders of ministries watch the awarding of investment policy decisions to the investors

Accordingly, the above projects are all of domestic investors, including 4 projects in the economic zone, industrial parks with total value of VND 290 billion, 7 projects in industrial clusters with total value of VND 544.79 billion, 3 projects outside the economic zone, industrial parks and industrial clusters with total value of VND 5,501.37 billion.

Notably, some projects with large investment value includes: An Quang urban and tourism area, Phu Cat district in An Quang village, Cat Khanh commune, Phu Cat district of the partnership of Tuan Dung Trading Group Limited Company, Dong Do Real Estate Investment Joint Stock Company - BQP, Hoang Thanh Trading and Technology Development Limited Company, registered capital of VND 5,228.79 billion; Bong Son traditional market and trade service area project, Hoai Nhon town of the partnership of Thuy Ha Limited Company, Hai Dang Thai Binh Construction and Trading Joint Stock Company, registered capital of VND 198.29 billion.

With regard to attracting foreign investment, there has been no new project since the beginning of the year. Currently, the province has 86 FDI projects with value of 1,088 billion USD, of which there are 38 projects in the economic zone and industrial parks with total value of USD 843.35 million and 48 projects outside the economic zone and industrial parks with total value of USD 245.56 million. Japan is so far the country with the highest number of projects with 18 projects, registered capital of USD 89.45 million, followed by Singapore (15 projects, USD 139.48 million), Hong Kong (10 projects, USD 91.19 million)…

For business development activities, from the beginning of the year to now, there have been 139 enterprises registering establishment with total charter value of VND 2,120 billion. Compared to the same period last year, there is a decrease by 19.6% in number of enterprises and an increase by 33.1% in registered charter value.

For foreign trade activities, world raw material prices continue to rise, high inflation in countries such as the US, UK, EU, supply chain disruptions in recent years have affected import and export activities in the province. However, with endless efforts, enterprises have gradually adapted to the new situation, the export turnover in February 2023 still maintained good growth rate with an increase by 5.1% compared to the same period.

Export turnover in February was estimated at USD 100 million, up 5.1% over the same period last year. Generally, in the first two months of the year, approximately USD 207.1 million USD was made, reaching 12.94% of the year plan and down 19.39% compared to the same period.

Import turnover in February was estimated at 24.2 million USD, down 1.8% compared to the same period. 

Generally, in the first two months of the year, approximately USD 54.4 million was made, down 14.55% compared to the same period.

In order to further strengthen investment promotion, Binh Dinh province is currently reviewing and adding new projects to the list of prioritized projects calling for investment in the province for the period 2023 – 2025. Also, monitoring is performed to help remove difficulties and create favorable conditions for businesses to operate to ensure production growth as planned.

In addition, compensation and site clearance work are drastically implemented; the infrastructure of Nhon Hoi economic zone and industrial parks and clusters are constructed to attract investment attraction; enterprises are encouraged to accelerate the implementation of projects. Creating conditions for investors to speed up the construction, completion and operation of projects, especially the Becamex VSIP Binh Dinh Industrial, Urban and Service Park Project, Long Son iron and steel complex, renewable energy projects, industry, tourism, amusement parks...

Currently, the Management Board of the Provincial Economic Zone, the Land Development Center and the Department of Planning and Investment organize bids and auctions for a series of projects, notably Southwest Land Area Long Van Bridge, Quy Nhon city (housing construction and commercial services) with an area of 98,8100 m2; the acquired land of the Central Salt and Commercial Joint Stock Company (residential land, mixed-use apartment) is 12,700 m2 wide; land area K200, Quy Nhon city (construction of 5-star hotel, office for rent and commercial center) 10,775 m2 wide and land area 72B, Tay Son street, Quy Nhon city (residential land, mixed-use apartment) 7,094 m2 wide; urban area 01 in the urban area east of Thi Nai lagoon with an area of 19.2ha and an investment of about VND 1,900 billion