Coastal economic zones and infrastructure construction

The project to establish a coastal economic zone of the province, which was directed by the Prime Minister in Notice No. 289/TB-VPCP on the Conclusion of Prime Minister Pham Minh Chinh at the working session with key leaders of Binh Thuan province, has a specific mechanism built so that it will have conditions to call for large investors and attract large capital sources.

4 expanded areas of Phan Thiet

In the development plan until 2025 and 2030, Phan Thiet City emphasized 4 areas that, with the initial outline, many people felt that this urban expansion journey played a decisive role in changing the city's stature. Specifically, with the South River area, Phan Thiet determined to develop urban areas connecting to the Tien Thanh tourist area, in which in more than 2 years, roads such as DT.719B, Ham Kiem - Tien Thanh road to connect to the expressway, Tran Quy Cap, Van Thanh bridge ... will be focused on construction, renovation and upgrading.

Meanwhile, in the central area, a series of projects including new construction and upgrading and renovation such as Hung Vuong mangrove park, Thuong Chanh park, Doi Duong park renovation, Van Thanh lake will be implemented in parallel with the renovation and upgrading of main streets. But the key project, deciding to change the landscape of this area is the project to renovate the Ca Ty river embankment. As for the North river area, the city expands the urban space associated with Phan Thiet Airport and Mui Ne national tourist area. Particularly for the coastal area, the city has proposed to the provincial planning a continuous coastal road from Tien Thanh to Ham Tien, accordingly proposing 2 overpass locations, 1 at the mouth of Ca Ty river to connect from Thuong Chanh park area to the South of Phan Thiet port area and 1 overpass at the mouth of Phu Hai river...

That is the plan to build Phan Thiet city to reach type I, also the central urban area of the South Central Coast, a tourist urban area... But the issue of concern is how to mobilize resources for implementation. According to Chairman of Phan Thiet City People's Committee Phan Nguyen Hoang Tan, the solution is still to combine budget capital with attracting socialized investment in each phase. Like the past 2.5 years, with many objective difficulties, the city has also mobilized resources, invested in infrastructure, urban embellishment to build the city according to the motto "Take public investment to lead private investment" with a total capital of 650 billion VND. Of which, the provincial budget capital is about 130 billion VND; the city budget capital is about 508 million VND and mobilized non-budget capital is about 11 billion VND.

Thuong Chanh Park is under construction.

Hope special mechanism?

The story of mobilizing resources to invest in infrastructure of Phan Thiet City, the central urban area of the province, further illustrates the picture of infrastructure investment in the whole province. According to the report of the Department of Planning and Investment, thanks to the good implementation of the viewpoint of "Taking public investment to lead and activate private investment", infrastructure has been gradually invested synchronously, thereby attracting many non-budget projects. As a result, from 2021 to present, 67 projects have been granted investment policy approval decisions. In particular, during this period, many large projects have been attracted such as Son My LNG Port Warehouse with a total capital of 31,434 billion VND... For the Son My I BOT Thermal Power Plant project with a total registered capital of 47,464 billion VND and the Son My II Thermal Power Plant project with a total registered capital of 49,509 billion VND, the Ministry of Industry and Trade approved the investment policy. Besides, many strategic investors and large investors come to survey and learn about investment.

However, compared to the potential and advantages, it is not commensurate. At the mid-term review meeting on the implementation of the Resolution of the 14th Provincial Party Congress, term 2020 - 2025, Provincial Party Secretary Duong Van An emphasized that the bottlenecks in foreign traffic and titanium overlap in the province have been basically resolved, so it is time to proactively seek out large investors and invite them to the province. That is the job not only of the Department of Planning and Investment...

Phan Thiet airport is under construction.

Son My gas power project chain investment

Also at this meeting, Director of the Department of Planning and Investment Le Ngoc Tien informed that in the Project to establish the province's coastal economic zone, which was directed by the Prime Minister in Notice No. 289/TB-VPCP on the Conclusion of Prime Minister Pham Minh Chinh at the working session with key leaders of Binh Thuan province, a special mechanism was developed, so there would be conditions to call for large investors and attract large capital sources. Previously, the department had advised the Provincial People's Committee to issue an implementation plan. However, according to the guidance of the Ministry of Planning and Investment, the development of the Project to establish a coastal economic zone will only be implemented after the competent authority approves the Binh Thuan Provincial Planning for the period 2021-2030, with a vision to 2050. Because the plan to develop the coastal economic zone system and supplement the land index of the coastal economic zone of Binh Thuan province is included in this planning and the national land use plan for the 5-year period 2021-2025.

Mr. Tien added that the Binh Thuan Provincial Planning for the period 2021-2030, with a vision to 2050, has completed all the procedures and revisions and is expected to be submitted to the Provincial People's Council for approval in September 2023. After that, it will be submitted to the Prime Minister for approval. This is an important legal basis for calling for, attracting, mobilizing, and exploiting investment resources, notably providing a basis for finding large investors and inviting them to Binh Thuan.

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