Binh Dinh economic zones expect bumper 2017 investment
Binh Dinh (VNA) – The south central coastal province of Binh Dinh aims to attract 6.5 trillion VND (305.5 million USD) to its economic zones in 2017, up 8.6 percent from last year, said Ngo Van Tong, deputy head of the Binh Dinh Economic Zone Administration.

The zones target an industrial production of 17.23 trillion VND (78.3 million USD), export revenue of 268 million USD and budget payment of 500 billion VND, said Tong, adding that firms in the zones hope to create 18,000 jobs.

To hit these goals, the province will adjust the planning of the Nhon Hoi Economic Zone, while considering the approval of Long My industrial park’s second phase and speeding up ground clearance.

The locality will also support investors in carrying out administrative procedures, while supervising the implementation of licenced projects, said Tong.

In 2016, Binh Dinh lured 12 investment projects to Nhon Hoi Economic Zone with total capital of 4.08 trillion VND, raising the number of projects to 52 with combined investment of nearly 36 trillion VND, 7.76 trillion VND of which has been disbursed.

Local industrial parks also attracted 20 projects worth 1.9 trillion VND, making the total projects hosted by them 225 with total investment of 10.58 trillion VND.

Total revenue of the province’s economic zones and industrial parks hit 21 trillion VND, a rise of 15.38 percent year on year. Firms paid 500 billion VND to the State budget and employed 17,000 labourers who earn 3.6-3.8 million VND per month.-VNA