Investors promise to pour record investment capital in Binh Thuan


Permanent Deputy PM Truong Hoa Binh attended an investment promotion forum in Binh Thuan province on September 22. 



On this occasion, the local authorities of Binh Thuan granted investment decisions for ten projects worth around VND 23  and MoUs on 14 investment registration projects with a total investment of about US$19 billion.

Addressing the conference, Chairman of the Binh Thuan provincial People’s Committee Nguyen Ngoc Hai said that Binh Thuan is located in a favorable position for economic growth; serves as a gateway for the South Eastern Region-the Central Highlands Region-the South Central Coast; and is close to the Southern key economic zone.

Over the past years, the province has gradually invested in infrastructure and exploited potentials.

So far, Binh Thuan owns adequate conditions for enterprises to do successful business and investment. Especially, transport infrastructure breakthroughs included Dau Tay-Phan Thiet-Nha Trang expressway, Vinh Tan international airport, Phan Thiet airport, and transport lines which connect the locality with the South Eastern Region, the Central Highlands Region, the South Central Coast, and the Southern key economic zone.

Via the form, the local authorities hoped to introduce potentials, strength, master schemes and portfolio of prioritized investment projects chiefly focusing on tourism, high-quality entertainment services, trade, urban areas; processing and manufacturing industries, renewable energy, as well as high-tech farming.

Earlier, under Decision 1772/QD-TTg of the PM on approving the master plan to develop Mui Ne as a National Tourism site by 2025 with an orientation towards 2030, tourism was defined as one of the spearhead economic sectors.

Chairman Hai hoped to send a message to investors that Binh Thuan would generate favorable and friendly business environment and pledge to stand by the business community.

He was convinced that Binh Thuan would become an ideal, attractive and safe investment destination for investors.

Deputy PM Binh affirmed that Binh Thuan had a relatively synchronized transport structure and abundant potentials for wind and solar power and tourism development. In addition, there are wide doors for the province to boost high-tech farming.

So far, the southern province attracted 1,525 projects with a total investment capital of VND 303 trillion including 106 effective FDI projects worth US$ 3.24 billion of registration capital.

In spite of the aforesaid potentials and advantages, the province is coping with difficulties and challenges including economic restructuring, Titanium mineral planning and socio-economic development projects.

Deputy PM Binh suggested the locality optimize resources, potentials, and advantages to develop in a rapid and sustainable manner without damaging the environment.

He proposed the province adjust development schemes which focus on three pillars namely tourism, clean energy, and high-tech farming in combination with coastal economic development. Especially, coastal planning scheme must consider Phan Thiet, La Gi and other urban areas as the nuclear for development.

Source: VGP