Business

Binh Dinh lures 12 more investment projects

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.
VNA
Binh Dinh lures 12 more investment projects ảnh 1A view of central Binh Dinh province (Source: dantri.com.vn)
Binh Dinh (VNA) – Chairman of thecentral province of Binh Dinh Ho Quoc Dung said the province welcomed 12investment projects in the first quarter this year thanks to its efforts inclearing land and investment promotion.

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

The EZ has disbursed more than 8.3 trillionVND (365.2 million USD), or 22.8 percent of its total registered capital, up694 billion VND (30.5 million USD) from 2016.

As of now, local industrial parks have drawn228 projects, with a combined capital exceeding 11.11 trillion VND (489.2million USD), of which 64.8 percent has been implemented, up 303 billion VND(13.3 million USD) from 2016.

Of which, three are foreign directinvestment (FDI) projects, worth 6.37 million USD, raising the total FDI flowin the province to 70 projects and 786.7 million USD.

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

Dung said the province will continue tradepromotion and calling for investment while facilitating local firms,particularly in furniture, aquatic product processing, apparel and industrialfood processing.

Incentives will also be offered to tradevillages, private sector, cooperatives and small- and medium-sized enterprisesin handicrafts.

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