A corner of Binh Dinh province. The province was speeding up administrative reforms and improving the investment climate to attract foreign investors. (Photo: baodautu.vn) Hanoi (VNA) – The central province of Binh Dinh hasproposed two large projects to be added to the list of those calling forforeign direct investment (FDI) in a recent report sent to the Ministry ofPlanning and Investment.
One is an automobile plant project with a capacity of30,000-50,000 units per year, covering 50 hectares in Becamex – Binh DinhIndustrial, Urban and Service Complex. The project is expected to need aninvestment of 250 million USD.
Mitsubishi Motors Vietnam is looking for an appropriatedestination for its second plant in Vietnam with an investment of about 250million USD.
At a working session with Binh Dinh authorities in June,Mitsubishi Motors Vietnam’s general director Kenichi Horinouchi said thesouth-central coastal province was among the company’s top choices thanks tothe developed transport and technical infrastructure system coupled with a hugeclean land fund which was favourable for building automobile component plants.
Chairman of the provincial People’s Committee Ho Quoc Dungsaid he hopes Mitsubishi Motors would invest in the province, pledgingfavourable policies for foreign investors, especially the automobile plant.
Dung said the province is speeding up administrative reformsand improving the investment climate, which together with the availability ofclean land will create favourable conditions for foreign investors.
The second project is a 300-bed hospital in Nhon Hoi EconomicZone which would cover an area of 3.5 hectares and have total investment of 15million USD.
The previous list of projects seeking investment in Binh Dinhincluded four, of which a 24 million USD hospital and a 4 billion USD thermo-electricitycentre are no longer seeking investment as they are no longer appropriateto the province’s development planning.
The other two projects, including Cat Nhon solid wastetreatment project with an estimated investment of 75 million USD and a roadupgrade project worth around 100 million USD, have found investors.
According to the provincial Economic Zone (EZ) ManagementBoard, Nhon Hoi EZ and other industrial zones (IZs) in the province attracted33 FDI projects as of February, worth 506 million USD in registered capital.Twelve countries and territories have invested in EZs and IZs in the provincewith China, Singapore and Japan being the largest investors.
The Ministry of Planning and Investment’s statistics showed BinhDinh attracted more than 2.3 million USD worth of FDI in January-July, with twonew projects and one existing project raising its registered capital./.
VNA
