Binh Dinh to soon start major projects to promote double-digit growth

Today (March 21), the 22nd session of Binh Dinh Provincial People's Council passed 13 important Resolutions on socio-economic development of the province.

The People's Council of Binh Dinh province has passed a Resolution on the policy of converting forest use to other purposes. In particular, converting forest use to other purposes in the Phu My Industrial Park Infrastructure Investment and Construction Project - Phase 1, invested by Phu My Investment Group Joint Stock Company; Area of ​​over 274 hectares; Implementation location is in plots 1, 3, 7, sub-area 150, My An commune, Phu My district, Binh Dinh province.

Session view.

The Phu My Industrial Park Infrastructure Construction and Business Investment Project (Phase 1) is implemented in the Phu My Industrial Park Planning Area, located in My An and My Tho communes, Phu My district, Binh Dinh province. The total investment capital of this project is nearly 4,600 billion VND. This is a large project, when put into operation, it will contribute to promoting the growth of Binh Dinh province.

Mr. Cao Thanh Thuong, Director of the Department of Agriculture and Environment of Binh Dinh province said: “After the projects come into operation, they will create favorable conditions for economic development, increase income; improve land use efficiency; create state budget revenue from land use fees of the projects, other budget revenue from taxes and other activities. These projects contribute to poverty reduction, ensure living conditions, and meet the labor and employment needs of the local population.”

Mr. Ho Quoc Dung, Secretary of the Provincial Party Committee, Chairman of the People's Council of Binh Dinh province spoke at the meeting.

In 2025, Binh Dinh province strives to attract over 100 investment projects. The province continues to focus on attracting domestic and foreign investors with potential and strong brands to invest in key projects in 5 main pillars, including: Industry; tourism; high-tech agriculture; port services and logistics; urban economy associated with the urbanization process.

Mr. Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee spoke at the meeting.

Mr. Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee, said that the province is making efforts to complete and submit major projects to the People's Council. It is expected that Binh Dinh province will have about 20 key projects on socio-economic development that will start construction earlier than required. The Chairman of Binh Dinh Provincial People's Committee emphasized that the province is "speeding up" planning tasks, completing public investment projects for the 2021-2025 period and implementing major projects in the coming period. Currently, the province is prioritizing the construction of runway No. 2 of Phu Cat airport and the construction of Phu My port to promote growth in the coming period.

Mr. Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee added: "We strive to start construction of Phu My port at the end of this year, and within 2 years the port will begin to receive ships of over 150,000 tons. When big investors come here, the first thing they do is evaluate that the current Quy Nhon port does not meet the new requirements, the tonnage of the incoming ships is too small. If Quy Nhon port is dredged, a 70,000-ton ship can be unloaded, while this is a small ship, with little possibility of connecting to other seaports. That is why they require a large port. After building Phu My port, both our air and sea routes will be really convenient."