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| A corner of Nhon Hoi Economic Zone - Area A in Quy Nhon City, Binh Dinh Province. |
“5 ready”
Mr. Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee, said that the socio-economic development perspective of the province in the period of 2021 - 2030, with a vision to 2050, is to maximize the potential and specific advantages to develop Binh Dinh into a province with a high proportion of industrial and service economy; a center of processing, manufacturing, service and tourism industry in the Central Coast - Central Highlands region; a major center of the country in developing the marine economy...
According to the Chairman of Binh Dinh Provincial People's Committee, with the view of constantly improving and enhancing the quality of the investment and business environment, striving to become an "ideal destination" for domestic and foreign investors; along with the necessary conditions being ready, Binh Dinh is focusing on a new development stage, focusing on major breakthroughs.
Choosing transportation as the “key” to the success of the province’s economic development, Binh Dinh is urgently completing a synchronous infrastructure system. The North-South routes, including the North-South Expressway, National Highway 1, the North-South railway, the coastal road and the East-West connecting road system have been and are being invested in and completed.
In addition, Binh Dinh continues to improve the operational efficiency of Quy Nhon port cluster; plan and supplement large-scale deep-water seaports in the Northern region; invest in and upgrade Phu Cat airport to gradually become an international airport (currently carrying out investment procedures for 3 Phu Cat airport expansion projects, with an estimated investment capital of VND 7,352 billion).
In particular, the Chairman of Binh Dinh Provincial People's Committee affirmed that Binh Dinh is always determined and takes the lead in reforming administrative procedures, simplifying investment, construction, tax, customs procedures and improving the relationship between investors, businesses and the government, serving the people and businesses.
“Binh Dinh always considers the legitimate and legal interests and success of investors as its own success,” Mr. Pham Anh Tuan emphasized.
On November 9, 2023, Binh Dinh Provincial People's Committee issued Decision No. 4147/QD-UBND on the regulations on coordination in handling administrative procedures on investment, construction, land, environment and fire prevention and fighting in the province.
Accordingly, the time to complete all procedures for investors and enterprises investing in Binh Dinh province from investment licensing to construction will not exceed 118 days, 124 days shorter than the regulation. With this reform, Binh Dinh is one of the localities with the fastest time to complete procedures from investment licensing to construction in the country.
During a working session with the Standing Committee of Binh Dinh Provincial Party Committee in early March 2024, National Assembly Chairman Vuong Dinh Hue assessed that the province has a large area of land for industry, industrial parks, and economic zones (about 18,000 hectares) compared to neighboring localities... This is a potential and opportunity for the province to continue to attract and develop industrial production, increasing budget revenue.
By the end of 2023, 7/10 industrial parks and 42/60 industrial clusters in Binh Dinh province have come into operation. The total area of economic zones and industrial parks is 15,300 hectares; the total area of industrial clusters is about 2,940 hectares.
In addition, Binh Dinh also prepares many clean land funds (about 20 - 30 hectares each year) along the East - West connecting routes and coastal roads to be ready to serve investors to implement projects.
At the same time, the price range for industrial land rental in Binh Dinh is very attractive. Many industrial parks have infrastructure rental prices of about 25 - 60 USD/m2/50 years, much lower than some other industrial parks in the country.
Recently, on March 4, 2024, Becamex VSIP Binh Dinh Industrial Park completed phase I with an area of over 230 hectares, out of a total area of 1,000 hectares. The project's operation has created a breakthrough in the industrial sector for Binh Dinh in attracting large-scale projects from countries around the world (attracting 4 foreign investment projects with a total investment capital of 96 million USD).
A very notable aspect, demonstrating the policy of "rolling out the red carpet" to welcome investors of Binh Dinh province, mentioned by the head of the provincial government, is that "the province has planned and is focusing on attracting investment to build international hospitals, international nursing homes, and international schools to best meet the health care and education needs of investors, experts and families, creating peace of mind for investors when coming to the province".
The advantage of Binh Dinh province is that it has 134 km of coastline with many beautiful bays and beaches, very favorable for developing sea tourism, many investment projects, many modern tourist areas and resorts that meet international standards... In particular, in March 2024, Binh Dinh will host the UIM F1H2O International Professional Powerboat Race and Aquabike.
Through this event, Binh Dinh province will become a new destination for adventure sports, attracting the attention of the media, sports fans and global tourists...
An advantage also demonstrates Binh Dinh province's commitment in implementing local projects related to energy sources.
According to survey data, Binh Dinh province has great potential for developing renewable energy, especially wind power and solar power. With the approval of the planning, Binh Dinh province is ready to attract investors to effectively implement offshore wind power projects, onshore wind power projects and other renewable energy projects.
The province is urgently completing documents to submit to the Prime Minister for approval of the policy and implementation of the Offshore Wind Power Project of PNE Group (Germany), with a total capacity of about 2,000 MW and a total investment of about 4.6 billion USD.
“This project, together with existing wind and solar power projects, will fully meet the clean energy needs of investors as well as be a pioneering step for renewable energy projects in the coming time,” said the Chairman of Binh Dinh Provincial People's Committee.
With continuous improvement of infrastructure conditions and investment environment, Binh Dinh has attracted a number of large projects from investors such as Kurz Group (Germany), CP Group (Thailand), CJ (Korea), Fujiwara, Marubeni (Japan), Vinacapital, Becamex IDC Corporation, VSIP Group...
Promote a series of major projects
Binh Dinh province is calling for and promoting investment in 322 projects in the period of 2023 - 2025. Of which, the real estate, services, trade and tourism sectors account for a large proportion with 182 projects; the infrastructure sector has 44 projects; the industrial sector has 26 projects; the agricultural - forestry - fishery processing sector has 20 projects; the wastewater collection and treatment sector has 18 projects...
Some notable projects are Long My Industrial Park Phase II Project (109 hectares, minimum investment capital of 500 million USD); Hai Giang Merry Land Tourist Area West Expansion Project (233.57 hectares, minimum investment capital of 10,000 million USD); High-rise Hotel Project at Point No. 1 (33.64 hectares, investment capital of 6,000 million USD)...
According to the Department of Planning and Investment of Binh Dinh province, the Department has detailed information about 4 projects calling for investment with a total investment of millions of USD.
Specifically, the Phu My Specialized General Port Project in Phu My District with a seaport area of 1,300 hectares, investment capital of 375 million USD; the Container Manufacturing Factory Project in Becamex - VSIP Binh Dinh Industrial Park, 25 hectares, investment capital of 125 million USD; the Service Center Project
logistics in Canh Vinh commune, Van Canh district, 30 hectares wide, investment capital of 21 million USD; Research, training, technology and software production area project in Quy Nhon city, 3.2 - 30 hectares wide, investment capital of 27 million USD.
Regarding the attraction plan in the coming time, the Department of Planning and Investment of Binh Dinh province said that the locality will continue to proactively approach and invite domestic and foreign strategic investors to conduct research, survey and propose projects in the province.
“In 2024, the Department of Planning and Investment will invite prestigious organizations such as EuroCham, JICA, KOICA, AmCham, Vietnam - Korea Business and Investment Association (VKBIA) ... to conduct field surveys in the province, thereby serving as a bridge to potential investors around the world,” informed a representative of the Department of Planning and Investment.
Along with that, Binh Dinh focuses on meeting investors' requirements on negotiation time, signing agreements and implementation; increasing support for investors to complete documents and procedures to soon deploy, complete projects, put projects into operation, and promote investment efficiency.
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