Economic growth attracts many investors

In order to maintain growth momentum and strive to achieve the double-digit growth target by 2025, the province is synchronously implementing solutions to attract investment, improve the business environment and support enterprises. The entire provincial political system is focusing on removing difficulties, promoting production and business to create more growth momentum.

3 economic pillars maintain positive growth momentum

Despite many challenges, the province's socio-economic performance in the first quarter of 2025 recorded positive results. The province's gross regional domestic product (GRDP) is estimated to increase by 8.1% over the same period in 2024. The three economic pillars of industry, tourism and agriculture all maintained growth momentum compared to the same period in 2024.

Industrial production has accelerated since the beginning of the year. Photo: Ngoc Lan.

According to the analysis of Mr. Pham Quoc Hung - Director of the General Statistics Office, the economy in the first 3 months of the year had many "bright spots" in all 3 economic pillars, notably industry, services and exports. In particular, the agricultural, forestry and fishery sector continued to maintain stability, especially in the fishery sector, the output of exploited aquatic products was estimated at 53,810 tons, up 7.6% over the same period. “Industry and construction recovered strongly, as shown by the stable operation of industrial production facilities right after the Lunar New Year holiday. The labor utilization index in the first quarter increased by 5.7%, with the manufacturing and processing industry alone increasing by 8.5%. Notably, the industrial production index (IIP) increased by 10.4% over the same period, of which the manufacturing and processing industry increased by 11.0% while in the first quarter of 2024 it decreased by 4.44%. The remaining industrial groups all recorded growth over the same period last year; the whole province had 13/16 main products increasing over the same period,” Mr. Hung analyzed. A bright spot was that total social investment capital in the first quarter of 2025 increased by 8% over the same period, of which non-state capital increased by 9.1%, accounting for 74.1% of the total capital. This is an important factor helping the added value of the industrial and construction sector increase by 10.06%, creating a driving force to promote the province's economic development.

Tourism is vibrant and growing positively. Photo: Ngoc Lan.

Trade and service activities also maintained growth momentum, with total retail sales of goods and service revenue increasing by 13.07% over the same period in 2024. The tourism industry continued to be vibrant, with the whole province welcoming 2.6 million visitors, up 13.76%; tourism revenue reaching VND 7,050 billion, up 16.24%. These figures affirm the attractiveness of Binh Thuan tourism, especially when the locality is promoting its image, improving the quality of services and tourism infrastructure. Exports also achieved impressive results, with an estimated turnover of 275 million USD, up 30.25% over the same period. Total state budget revenue in the first quarter of 2025 is estimated at VND 3,126 billion, up 1.83%; of which, domestic revenue reached VND 2,838.5 billion, up 2.89%...

Ham Kiem Industrial Park attracts many investors. Photo: Ngoc Lan.

Resolutely resolve slow-progressing industrial parks, promote investment attraction

Positive signals from the beginning of the year when the progress of investment in industrial park infrastructure in the first quarter of 2025 increased 4.98 times compared to the same period last year. The province has attracted 2 new investment projects with a total registered capital of 300 billion VND and 35 million USD, on an area of ​​13.7 hectares...

Manufactured in Phan Thiet Industrial Park.

At the meeting to listen to the report on the socio-economic situation in the first quarter of 2025 and deploy key tasks in the second quarter of 2025 organized by the Provincial People's Committee, Mr. Phan Duong Cuong - Head of the Provincial Industrial Park Management Board said that among the 7 industrial parks that have come into operation, Ham Kiem 1 and Ham Kiem 2 Industrial Parks have the advantage of attracting many investors, but there are still 200 hectares of land with incomplete infrastructure due to disputes. Particularly at Tuy Phong Industrial Park with an area of ​​150 hectares, after the investment certificate was granted, the project was not implemented but the documents were mortgaged at the bank, and so far there is no ability to pay. Faced with this situation, the Industrial Park Management Board is coordinating with enterprises to find solutions to remove difficulties in disputes. At the same time, this agency will also propose the Department of Finance to sanction cases of slow progress to restore discipline in investment management. “We will create conditions for investors with real capacity, together with the locality, to put the industrial parks into effective operation. If investors do not fulfill their commitments, the province will resolutely revoke the project. If this situation is not thoroughly resolved, the province’s investment environment will be affected, leading to budget losses,” said Mr. Cuong.

Directing at the meeting, Chairman of the Provincial People's Committee Do Huu Huy emphasized: "Economic development is based on three pillars - industry, tourism and agriculture, but if the "bottlenecks" in the industrial parks are not thoroughly removed, this goal will be difficult to achieve. I request to thoroughly handle the situation of slow progress in the industrial parks. The Provincial Industrial Park Management Board needs to propose specific solutions to attract capable and dedicated investors to invest, fulfill commitments on infrastructure and increase occupancy rates in industrial clusters to avoid land waste".

Chairman of the Provincial People's Committee Do Huu Huy also directed to accelerate the progress of establishing and adjusting land use plans, land use plans for 2025 and specialized plans to ensure consistency and synchronization with the approved Provincial Planning. Create clean land funds to call for and attract domestic and foreign investors and economic sectors to invest in 3 economic pillars (land funds on both sides of DT.719B road and Ham Kiem - Tien Thanh road). Focus on site clearance to implement Tan Duc Industrial Park and Son My 2 Industrial Park projects and hand over the site for Son My Power Center projects and Son My LNG Gas Port Warehouse projects. Improve quality, effectively implement promotion activities and attract secondary investment projects in industrial parks and clusters. Review and thoroughly handle difficulties in industrial parks: Ham Kiem 1, Ham Kiem 2, Tuy Phong. Along with that, promote administrative reform, improve administrative reform indexes PAR, SIPAS, PAPI and provincial competitiveness index PCI to create a favorable and attractive investment environment to attract investment...

Source: https://baobinhthuan.com.vn/quy-i-2025-kinh-te-tang-truong-thu-hut-nhieu-nha-dau-tu-128913.html