Red Sand Dunes, one of the unique attractions of Binh Thuan province’s Mui Ne (Photo: VNA) Binh Thuan (VNA) - The south-central province of Binh Thuan has strived to improve itsinfrastructure and offers numerous incentives to investors, said Chairman ofthe provincial People’s Committee Nguyen Ngoc Hai.
In addition to theGovernment’s incentives, the province had a number of specific mechanisms andpolicies to attract investment in its industrial clusters with a focus onsupporting investors during the process of implementing their projects andregularly organising dialogues with them to promptly resolve difficulties, Haisaid.
It also continued toreview and amend regulations related to the investment environment, businessregistration, land, capital, construction permits and taxes to simplifythem. It was especially focused on creating a one-stop-shop for administrativeprocedures in many fields.
Amid the regional andinternational integration, Binh Thuan province wished to attract domestic andforeign investment and promote its potential in all fields, especially tourism,processing, renewable energy and high-tech agriculture.
To further exploitits potential, the province would focus on investments in high-class tourism,urban areas, residential areas, processing and manufacturing industry, andrenewable energy.
It would also solicitinvestment in smart agricultural projects to adapt to climate change andbuilding value chains in cultivation, husbandry and processing in the high-techagricultural zone.
A Government planenvisaged making the province, which was situated close to the Southern KeyEconomic Region and had diverse resources, 19km of coastline, strongwinds and plenty of sunshine, into a national energy centre with a totalcapacity of over 12,000MW by 2020.
In 2018, itselectricity output was 13.56 billion KWh, 40 percent up from 2017.
Businesses hadregistered to invest in 108 renewable energy projects, including 88 solar powerand 20 wind power, in the province with a total capacity of about 6,858MWp andat a cost of over 175.9 trillion VND (7.63 billion USD).
Of them, 26 solarpower projects and 13 wind power projects with a combined capacity of 1,832MWphad begun operation.
According to theprovince’s zoning plan for industrial parks and industrial clusters, by 2020 itwould have nine industrial parks and 34 industrial clusters with a combinedarea of 4,092ha. So far, six industrial parks and 14 industrial clusters hadbeen built.
The province wasfocusing on projects with modern technology and were environmental-friendly inthese industrial parks and clusters.
Investment flows intothe province had increased significantly in the past two years when it approved264 projects with a total registered capital of over 53 trillion VND (2.3billion USD)./.
VNA
