Binh Dinh economic zones expect bumper 2017 investment
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.
Binh Dinh economic zones expect bumper 2017 investmentThe 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
You should also see
Logo marking 50th anniversary of Vietnam-Belgium diplomatic ties announced
The Belgian Embassy in Vietnam held a ceremony in Hanoi on March 22 to announce the official logo marking the 50th anniversary of Vietnam-Belgium diplomatic ties this year.
See more
Videos
Vietnam is still attractive destination for US firms: USABC
The business environment in Vietnam is still attractive to US large companies, President and CEO of the US - ASEAN Business Council (USABC) Ted Osius said at a press conference in Hanoi on March 21.
Business
Doosan Vina exports 1,200 tonnes of modules to Singapore
The Doosan Enerbility Vietnam (Doosan Vina), which specialises in heavy industries, has just exported the first batch of 11 modules weighing 1,200 tonnes to Singapore.
Business
Investors voice concerns over unresolved pricing for renewable projects
Investors of numerous renewable energy projects have urged solutions to resolve pricing issues in a meeting with Vietnam Electricity (EVN).
Business
Vietnamese, Dutch localities step up cooperation
Vietnamese Ambassador to the Netherlands Pham Viet Anh recently paid a working visit to the eastern city of Oss at the invitation of its Mayor Wobine Buijs-Claudemans.
Business
Steel price rises despite falling demand
The price of construction steel is on the rise despite the fact that the demand for this type of construction material remains weak, insiders have said.
