Ho Chi Minh City promotes investment in Central Coast provinces

The Central Coast region, including the provinces of Binh Thuan, Ninh Thuan, Khanh Hoa , Phu Yen, Binh Dinh and Quang Ngai, has great potential and advantages for economic development in many fields, especially marine economy and seaports. These localities also have important strengths for socio-economic development and ensuring national defense and security of the sea and islands of the region and the whole country. One of the biggest advantages of the localities in the region is their geographical location near the largest economic locomotive of the country - Ho Chi Minh City.

Leaders of Binh Dinh Provincial People's Committee awarded investment decisions to investors.

At the conference, the provinces of the Central Coast introduced projects calling for investment along with specific investment attraction policies, while businesses from Ho Chi Minh City and provinces in the region also shared their opinions related to investment and market development in the region.

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

Mr. Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee, said that the province focuses on calling for investors with modern, environmentally friendly technology, efficient use of resources, and products with competitive advantages. Priority areas for calling for investment are agriculture, forestry - fishery; industry; port services and logistics... Mr. Pham Anh Tuan said that in the Central Coast region, only Khanh Hoa province has an international airport and good air routes, while the other provinces do not have this advantage. If the provinces take advantage of each other's air routes, it will be difficult because of the long distance. Among the 6 provinces in the Central Coast region, regional linkage is still difficult because the conditions of the provinces are similar, with more competition than linkage. However, the provinces in the region can develop renewable energy together because of the abundance of sunshine and wind. According to Mr. Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee, Binh Dinh, like other provinces in the region, has a common orientation of developing industry associated with environmental protection, not trading the environment for economic and social development:

“Binh Dinh and other provinces are now starting to build deep-water seaports and standard airports. While we are doing this, investors are starting to do it. When we have completed such important infrastructure, it will be time for investors to learn about investment opportunities and start investing here.”

Mr. Tran Hoai Nam, Vice Chairman of Khanh Hoa Provincial People's Committee spoke at the conference.

Mr. Tran Hoai Nam, Vice Chairman of Khanh Hoa Provincial People's Committee, said that there are 113 foreign projects in the province with a total registered investment capital of 3.91 billion USD. To attract investment, Khanh Hoa province has prepared well for planning issues. Although Khanh Hoa province's planning and the general planning of Van Phong Urban Area have been approved, the province still faces limitations in having to comply with higher-level planning, national sectoral planning, and national land use planning. Mr. Tran Hoai Nam, Vice Chairman of Khanh Hoa Provincial People's Committee said:

“The national land use plan for the 2026-2030 medium term will be adjusted and Khanh Hoa province will have additional land targets for investment in industrial parks from domestic investors. For investment in industrial park infrastructure, these investors, together with Khanh Hoa province, will call for foreign investors to invest in industrial parks, I think it will be effective. But Khanh Hoa province itself calling for foreign investors to invest in industrial parks and industrial park infrastructure as in the past and as we see in the future, will be very difficult.”

Mr. Nguyen Van Lang, General Director of Becamex Binh Dinh Joint Stock Company spoke at the conference.

In Binh Dinh, the Becamex VSIP Industrial, Urban and Service Park project in Van Canh district, Binh Dinh province is considered one of the key model projects. This industrial and urban park has an infrastructure system that meets all the elements of a modern, ecological urban area. To date, Becamex Binh Dinh Company has attracted more than 170 million USD in investment on a scale of 60 hectares from corporations of the Federal Republic of Germany, South Korea, and the Netherlands. In the future, with an area of ​​over 1,425 hectares, it will attract more than 2 billion USD in investment in industrial production, creating job opportunities for 120,000 to 150,000 workers in the locality and neighboring provinces.

“On the path of development, the Becamex - VSIP system will continue to expand its network, covering all the Central Coast provinces. With that foundation, I hope that businesses in Ho Chi Minh City and the Central Coast provinces will connect, develop and grow together, bringing benefits not only to businesses but also to people and localities,” said Mr. Nguyen Van Lang, General Director of Becamex Binh Dinh Joint Stock Company.

Mr. Duong Ngoc Hai, Vice Chairman of Ho Chi Minh City People's Committee spoke at the conference.

At the conference, the leaders of the Ho Chi Minh City People's Committee called on businesses and professional associations of the city to explore opportunities for cooperation and investment in market development in the provinces of the Central Coast region - one of the four key regions in the country's sustainable marine economic development strategy. Ho Chi Minh City is committed to providing maximum support to domestic and foreign investors, while improving the investment and business environment, reforming administrative procedures, and accelerating the progress of transport infrastructure and logistics projects to promote investment cooperation projects with the provinces of the Central Coast region.

Mr. Duong Ngoc Hai, Vice Chairman of Ho Chi Minh City People's Committee, said that the city's policies and guidelines are always strengthened, expanded, and trade, both supporting the provinces and connecting for the city's development: "To promote the effectiveness of attracting investment in projects that contribute to the socio-economic development of each locality, Ho Chi Minh City requests that local leaders continue to pay attention to creating all favorable conditions for businesses in Ho Chi Minh City and the Central Coast provinces in the process of researching and investing in development in the localities. At the same time, assign focal agencies to coordinate and connect with the Department of Industry and Trade, the Center for Trade and Investment Promotion of Ho Chi Minh City to support businesses in the investment process."

Source: https://vov.vn/kinh-te/thanh-pho-ho-chi-minh-xuc-tien-dau-tu-vao-cac-tinh-vung-duyen-hai-trung-bo-post1127585.vov