BTO-Thanks to the advantages of an export-oriented economy with many support policies, strategic geographical location and preferential operating costs, Vietnam is still considered a destination for FDI capital flows.
2023 is considered a successful year for Vietnam in attracting foreign direct investment, according to o The total registered FDI capital in Vietnam reached more than 36.6 billion USD, an increase of 32.1% compared to 2022. In particular, in 2023, the realized capital of foreign investment projects increased by 3.5% over the same period, estimated at more than 23.1 billion USD, the highest level ever.
Binh Thuan province also has many advantages to attract FDI capital into the province, so the province has proposed a plan for foreign information work to improve the quality of propaganda, promote a stable, safe and attractive investment environment with many potentials and outstanding advantages of Vietnam in general and Binh Thuan province in particular to domestic and foreign organizations and individuals, overseas Vietnamese to attract investment, develop the province's economy, promote deeper international integration. The province also promotes the image of Binh Thuan abroad on the vietnam.vn portal to promote the cultural and historical values of Binh Thuan province, the potential and strengths of tourism development, promote key and typical products. Through foreign information work, the province also promotes activities to build and develop cooperative relations, promote investment, cultural exchange, and foreign economic relations to enhance understanding, friendship, trust and cooperation with international friends, contributing to attracting investment, promoting socio-economic development, and building good relationships between the province and the international community. At the same time, promote potential, strengths, and cooperation opportunities for economic, cultural and social development, and promote trade with localities.
Determining deep international economic integration, at many levels, diverse in forms, actively contributing to economic growth, in recent times, Binh Thuan province has promoted foreign information dissemination, enhanced promotion of the province's image to international friends, participated in cultural diplomacy events, promoted investment, trade and tourism organized by the Government, ministries, central branches, and localities, and organized unique traditional cultural festivals of the province to promote such as: Dinh Thay Thim Festival, Nghinh Ong Quan Thanh De Quan Festival of the Chinese people in Phan Thiet, Kate Festival at Po Sah Inu Tower Relic, Mid-Autumn Festival... The province also directed the organization and mobilized businesses in the province to participate in many international fairs to promote and introduce the image of the homeland, people and rich potential of Binh Thuan to international friends.
In the past 10 years, the export market has been expanded in the direction of diversification and multilateralization, Binh Thuan province has exported goods to many countries and territories. The integration process has greatly contributed to economic growth and restructuring, especially expanding foreign investment and export growth. Binh Thuan is also considered a potential development locality, with an abundant labor force and open development space. After more than 30 years of re-establishment of the province, Binh Thuan has become an attractive destination for foreign investors. 3 industrial "super projects" with a total investment of more than 2 billion USD are being implemented in the southern region of Binh Thuan, which will turn this place into the industrial center of the province... Becamex VSIP Binh Thuan Industrial - Service - Urban Area in La Gi and Ham Tan. This is a joint venture investment project between Becamex IDC Corporation (Vietnam) and companies of Sembcorp Development Group (Singapore) with a scale of 4,984 hectares, total investment capital of up to 18,840 billion VND. Becamex VSIP Binh Thuan is expected to attract hundreds of domestic and foreign enterprises, helping the province receive an additional investment capital of thousands of billions of VND. In addition to Becamex VSIP Binh Thuan, in 2022 Sonadezi will also implement the investment project to build and operate the infrastructure of Tan Duc Industrial Park located in La Gi and Ham Tan towns. According to the decision, the project has a scale of 300 hectares, total investment capital of 1,200 billion VND, with Sonadezi Binh Thuan Joint Stock Company as the investor. Another "super project" is the LNG power project chain of AES Group (USA). The total investment for these projects is about 1.31 billion USD, expected to contribute to the economic development of Binh Thuan province. This is considered the largest FDI project in the province at present, not only contributing to the economic development of the province but also having important significance in the energy industry of Vietnam...
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