Business

Binh Dinh greenlights substantial investment ventures

The People’s Committee of the south central province of Binh Dinh has granted approval and investment licences to 22 investment projects worth over 12.7 trillion VND (529.1 million USD) this year, showing the province's attractiveness to investors.
Binh Dinh greenlights substantial investment ventures ảnh 1Overview of An Quang urban and tourism area in Phu Cat district (Photo: sxd.binhdinh) 
Binh Dinh (VNA) – The People’s Committee of the south central provinceof Binh Dinh has granted approval and investment licences to 22 projects worth over 12.7 trillion VND (529.1 million USD) this year, showing the province's attractiveness to investors.


Furthermore, 23 domestic andinternational investors have come to the province to explore opportunities in manufacturing,industrial processing, real estate, trade and services.

Some of them signalled readiness to sign memoranda ofunderstanding with the province, committing to invest in major projects. These include onshore, nearshore, and offshore wind farms with a plannedcapacity of 2,000 MW and an estimated capital outlay of around 4.8 billion USD.Other notable ventures comprise an offshore wind power plant valued at roughly4.6 billion USD in Phu My district and a paper and pulp processing plant worthnearly 21.7 trillion VND in the same district.

At present, Binh Dinh province is prioritising projectsaimed at bolstering key pillars of economic growth in the foreseeable future,including industries, tourism services, seaports-logistics, hi-tech agricultureand urbanisation.

Chairman of the provincial People’s Committee PhamAnh Tuan haspledged unwavering support to facilitate a robust transformation in thebusiness environment, thereby enhancing local competitiveness.

According to the provincial Department ofPlanning and Investment, the entire province has attracted 76 domestic projectsvalued at more than 15.2 trillion VND, and six foreign-invested ventures valued at 46.2 million USD since the beginning of this year. The province is now home to atotal of 91 FDI projects, with total registered capital surpassing 1.187 billionUSD./.

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