Becamex VSIP Binh Dinh elevates economic development in central region

Becamex VSIP Binh Dinh Township and Industrial Park optimises investment efficiency for businesses

Covering around 1,425 hectares, Becamex VSIP Binh Dinh Township and Industrial Park is beginning to take shape in Canh Vinh commune of Van Canh district, Binh Dinh province.

Highly appreciated by Binh Dinh People’s Committee and Vietnamese Deputy Prime Minister Truong Hoa Binh, the project is expected to transform Binh Dinh into one of the most economically developed provinces in the central region.

Becamex IDC and VSIP jointly develop Becamex VSIP Binh Dinh in Nhon Hoi Economic Zone’s Block 07, which encompasses a 1,000ha industrial park (IP) and more than 425ha of residential, commercial, and resettlement area.

With the planning task performed by a team of highly skilled engineers and architects striving to create a green, clean, beautiful, and sustainable space, the IP will feature a modern and seamless infrastructure platform consisting of internal and external roads, power system, water supply and drainage, telecommunications, wastewater treatment, a green park, and a square.

The site will be home to multi-disciplinary industries closely attached to a full suite of service facilities like healthcare and education units, trade centres, hotels, restaurants, shopping centres, entertainment venues, community sports grounds, and social housing. Each subzone will be rationally arranged to meet the highest requirements of hundreds of thousands of local residents and investors, helping them to save costs while optimising investment efficiency.

Nguyen Van Hung, chairman of Becamex IDC, said that Binh Dinh is strategically located in the centre of the North-South railway and road. The province is the nearest gateway to the East Sea of the Central Highlands, southern Laos, northeast of Cambodia, and Thailand through the National Highway No.19 and Quy Nhon Seaport.

“We hope that Becamex VSIP Binh Dinh will play a key role in attracting investment and creating a breakthrough in industrial and service development of Binh Dinh in the new era,” he said.

Becamex VSIP Binh Dinh is expected to drive economic development in the central region

According to Ho Quoc Dung, Secretary of Binh Dinh Party Committee, the project is testament to the efforts of Binh Dinh and Binh Duong. To create the best conditions for the project, Binh Dinh has invested in infrastructure from Quy Nhon to Van Canh such as a new road worth VND1.6 trillion ($69.57 million) and other satellite roads and facilities. Good transport and infrastructure conditions will meet the commuting demand.

The project is expected to help Binh Dinh attract about $2 billion into industrial production, creating jobs for 120,000-150,000 labourers in Binh Dinh and nearby localities after coming on stream.

Dung said that Van Canh district, the site of Becamex VSIP Binh Dinh, is one of the areas featuring extremely difficult socioeconomic conditions in the locality. Thus, Binh Dinh will create more favourable conditions to facilitate the implementation of the project on schedule, creating employment, contributing to the local budget, and stimulating local socioeconomic development. The project also helps elevate Binh Dinh’s competitiveness, improve social and technical infrastructure, and will contribute more than VND400 billion ($17.4 million) to the state coffers annually.

According to Deputy Prime Minister Truong Hoa Binh, Becamex VSIP Binh Dinh has a total investment value surpassing VND3.33 trillion ($144.8 million) on a scale touching 1,000ha. The inauguration of the IP along with the opening of the road connecting Nhon Hoi Economic Zone and Phu Cat International Airport also helped improve connectivity and encourage economic development.

Becamex VSIP Binh Dinh has been forming partnerships to attract investment into Binh Dinh

To promote investment attraction in Binh Dinh, Becamex VSIP Binh Dinh often organises and participates in domestic and international investment promotion activities.

Most recently, on March 23, Becamex VSIP Binh Dinh joined the virtual Korean Investment Promotion Conference in Binh Dinh. The conference was chaired by Binh Dinh Economic Zone Management Authority, in collaboration with the Department of Foreign Affairs, Department of Planning and Investment, and relevant agencies of Binh Dinh and Becamex IDC.