The central coastal province of Binh Dinh has recently welcomed a Russian-invested bus assembly project capitalising at 1 billion USD in the Binh Dinh Economic Zone, attributing it to the authorities’ active investment promotion programmes conducted in and outside the country.
The project, invested by Russia’s Buscenter Met Co., Ltd, will see the construction of a factory to manufacture and assemble bus spare parts and provide supportive services.
It has brought the number of FDI projects licensed in the province’s economic and industrial zones to 20 with a total registered capital of 1.6 billion USD, and investors mainly from China, Thailand, the US, Japan and Malaysia operating in animal feed production, farm product and seafood processing, construction materials, plastics, textiles, and tourism.
Large-scale projects have mostly focused in the Nhon Hoi Economic Zone, where the local authorities have planned to develop an oil refinery and petrochemical complex at an estimated cost of 28.7 billion USD and are calling for investment for it.
The provincial authorities have set to speed up the development of support industries to attract more FDI projects with vast social and economic effects.
They have pledged to create the most possible conditions for investors to the oil refinery and petrochemical complex in the Nhon Hoi Economic Zone, prioritising the building of the Nhon Hoi port and a water supply system there.
The province will accelerate the construction of a transport system linking economic and industrial zones as well as housings for employees at these zones, and coordinate with businesses in training quality human resources at market needs.
Binh Dinh has also thought of possibilities of recruiting trained workforce from other localities to work at its economic and industrial zones.
In order to prepare for hi-tech and larger projects, the coastal province will improve the market research quality, diversify investment promotion activities as well as mobilise resources to accomplish technical and social infrastructure.-VNA
The project, invested by Russia’s Buscenter Met Co., Ltd, will see the construction of a factory to manufacture and assemble bus spare parts and provide supportive services.
It has brought the number of FDI projects licensed in the province’s economic and industrial zones to 20 with a total registered capital of 1.6 billion USD, and investors mainly from China, Thailand, the US, Japan and Malaysia operating in animal feed production, farm product and seafood processing, construction materials, plastics, textiles, and tourism.
Large-scale projects have mostly focused in the Nhon Hoi Economic Zone, where the local authorities have planned to develop an oil refinery and petrochemical complex at an estimated cost of 28.7 billion USD and are calling for investment for it.
The provincial authorities have set to speed up the development of support industries to attract more FDI projects with vast social and economic effects.
They have pledged to create the most possible conditions for investors to the oil refinery and petrochemical complex in the Nhon Hoi Economic Zone, prioritising the building of the Nhon Hoi port and a water supply system there.
The province will accelerate the construction of a transport system linking economic and industrial zones as well as housings for employees at these zones, and coordinate with businesses in training quality human resources at market needs.
Binh Dinh has also thought of possibilities of recruiting trained workforce from other localities to work at its economic and industrial zones.
In order to prepare for hi-tech and larger projects, the coastal province will improve the market research quality, diversify investment promotion activities as well as mobilise resources to accomplish technical and social infrastructure.-VNA
