Binh Thuan evolves as investment hotspot in south-central hinh anh 1Processing seafood for export (Photo: VNA)

Blessed with favourable geographical location, the central coastal province of Binh Thuan is evolving as an attractive investment destination in the south central region.

Sitting near the southern key economic region and acting as an intersection of the Central Highlands, south central coastal, and south eastern economic zones, Binh Thuan is steadily utilising its advantages to draw investment in and outside the country.

Potential fields include seafood processing, construction materials, mining, fine arts and handicrafts, according to the provincial Department of Planning and Investment.

Director of the department Nguyen Duc Hoa said besides enjoying tax incentives and rent-free land, investors also receive local credit assistance in human resources training, technology transfer, and market development.

The province is improving the inter-regional transport system to implement a number of key projects such as Highway 1A, Ho Chi Minh City – Long Thanh – Dau Giay Expressway, Phan Thiet – Nha Trang Expressway, and Phan Thiet airport, he added.

Chairman of the provincial People’s Committee Le Tien Phuong said the locality is mobilising all resources and making the best use of its advantages to push ahead with rapid and sustainable economic development.

Special focus will be placed on developing industry, service and agriculture by establishing energy, mining processing, and marine tourism-sports centers, he revealed.

As of October this year, Binh Thuan has attracted 7 billion USD in investment capital, including 1.68 billion USD registered by investors from 24 nations and territories.-VNA