Binh Dinh alters foreign investment attraction plan with two new projects

August 18, 2020 | 13:17
The central province of Binh Dinh has proposed adjusting two of the projects calling foreign investment capital this year, including a high-end hospital and an automobile manufacturing plant.
binh dinh alters foreign investment attraction plan with two new projects
The perspective of Becamex Binh Dinh Economic Zone

Notably, Binh Dinh has proposed the Ministry of Planning and Investment to add the $15 million high-end hospital with 300 beds located in Nhon Hoi Economic Zone.

The second project is a $250-million automoblie manufacturing plant with the annual capacity of 30,000-50,000 units located in Becamex Binh Dinh Integrated Township and Industrial Park.

Initially, Binh Dinh listed four projects calling for foreign investors, namely the $24 million Binh Dinh maternity-paediatric hospital, a $4 billion thermal power plant, a $75 million solid waste treatmet project, and a $100 million highway project.

However, to better fit its socio-economic development strategy as well as foreign investment target, the province proposed replacing the hospital and the highway project with the high-end hospital and the automobile plant.

Previously, in early June, Japanese car maker Mitsubishi Motors expressed its intention to build an automobile manufacturing plant in Binh Dinh, marking its second manufacturing facility in Vietnam.

Notably, at a working session with chairman of Binh Dinh People’s Committee, Kenichi Horinouchi, general director of Mitsubishi Motors Vietnam said that Binh Dinh would be the destination of choice due to having a deep water port.

Furthermore, the province has ample land fund for developing plants to manufacture parts and components for the automobile industry.

By Viet Huong

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional