Binh Dinh sees rise in domestic, foreign investment flow

Illustrative photo (Photo: VNA)

Binh Dinh (VNA) – The south central province of Binh Dinh saw a surge in both domestic and foreign investment in the first five months of 2017, said Nguyen Thuc Dinh, Director of the provincial Department of Planning and Investment.

The province welcomed 47 domestic projects with total registered capital of 12.24 trillion VND (538.8 million USD), up 12 projects against the same period of 2016.

Projects with large registered capital included a residence-trade-service complex valued at 1.39 trillion VND (61.2 million USD) and Cam Van new residence area (in Nhon Hung ward, An Nhon town) worth 421 billion VND (18.5 million USD).
Binh Dinh province also lured six foreign direct investment (FDI) projects valued at 92 million USD, up 3 projects compared to the same period last year.

Among them are Binh Dinh pig breeding farm project with registered capital of 21.2 million USD and a 64 million-USD wind and solar power project.

Chairman of the provincial People’s Committee Ho Quoc Dung said in 2017, Binh Dinh will continue increasing investment promotion activities to attract more domestic and foreign investment to Nhon Hoi economic zone and other local industrial parks.

The province will carry out activities to study and assess its potential for attracting foreign and domestic partners while building database and documents for investment promotion.

Binh Dinh will also focus on popularising its investment environment and opportunities and supporting local investors and businesses in participating in conferences in Vietnam and other countries.-VNA