Binh Thuan seeks money for projects

Binh Thuan is calling for investors to invest in promoting tourism development. Photo muinetourism.vn

Le Tien Phuong, the committee's chairman, spoke about the projects at an investment promotion conference held in the province last Saturday, attracting more than 300 enterprises and representatives of associations.

The projects include Ham Tien-Mui Ne Luxury Tourism, Commerce, and Service Complex covering nearly 200 ha with estimated capital of $200 million and the 86-ha Hon Rom-Mui Ne Luxury Area with estimated capital of $92 million.

The other two projects are the 330-ha Ham Thuan Da Mi Tourism Area with estimated capital of $42 million and the 310-ha Bung Thi Hot Spring Tourism Area worth $50 million.

The Hoang Quan Group plans to invest the first project of Ham Tien-Mui Ne.

Truong Anh Tuan, the group's chairman and CEO, said that more resorts might be built in the project.

The province has had 1,156 local and foreign investment projects with total capital of $7 billion including 104 foreign ones worth $1.7 billion from 24 countries and territories.

The province is seeking investment in its industries, especially export processing companies using local materials.

It has 100 mineral mines including coal, gold, tin and titanium. The latter has a total of 500 million of tonnes in reserves.

Nguyen Duc Hoa, head of the provincial Department of Planning and Investment, said the province had offered preferential income tariffs and land hiring fees for investors in localities such as Phu Quy Island, several districts and industrial parks.

The province will also provide loans to enterprises to train human resources, transfer technology and develop markets, he added.

At the conference, the committee signed an investment agreement for projects including the Viet Nam-Cambodia United Friends Tourism Area, Hoa Thang Wind Power Plant No 1 and Solar Power Plant.

One enterprise said it wanted to build a plant to produce adobe bricks by using coal residue from Vinh Tan Thermoelectricity Plan No 2. Another 12 investors also plan to build similar plants.

Phuong told the enterprises to consult Viet Nam Electricity (EVN), which is in control of coal residues. If EVN agrees, the province will create favourable conditions for these plants as they can reduce pollution caused by coal mining.

He said the province would continue to improve the investment environment, especially inter-regional roads.

Phan Thiet Airport is expected to open soon, he added.