A view of central Binh Dinh province (Source: dantri.com.vn)
Binh Dinh (VNA) – Chairman of the central province of Binh Dinh Ho Quoc Dung said the province welcomed 12 investment projects in the first quarter this year thanks to its efforts in clearing land and investment promotion.

Four of them, worth a total of 1.3 trillion VND (58.78 million USD) were invested in Nhon Hoi Economic Zone, raising the total number and value of the EZ’s projects to 55 and 36.58 trillion VND (1.6 billion USD).

The EZ has disbursed more than 8.3 trillion VND (365.2 million USD), or 22.8 percent of its total registered capital, up 694 billion VND (30.5 million USD) from 2016.

As of now, local industrial parks have drawn 228 projects, with a combined capital exceeding 11.11 trillion VND (489.2 million USD), of which 64.8 percent has been implemented, up 303 billion VND (13.3 million USD) from 2016.

Of which, three are foreign direct investment (FDI) projects, worth 6.37 million USD, raising the total FDI flow in the province to 70 projects and 786.7 million USD.

The province’s industrial production value to date has exceeded 2.79 trillion VND (122.8 million USD), up 8.95 percent from the same period of 2016.

Dung said the province will continue trade promotion and calling for investment while facilitating local firms, particularly in furniture, aquatic product processing, apparel and industrial food processing.

Incentives will also be offered to trade villages, private sector, cooperatives and small- and medium-sized enterprises in handicrafts.

Efforts will be made to accelerate traffic works and economic and technical infrastructure facilities, projects applying the build-tranfer method and projects using official development assistance, Dung said.-VNA