Binh Dinh focuses on investment in big projects in H2

July 11, 2019 | 10:46
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The central province of Binh Dinh in the second half of this year will give priority to big labour-intensive projects with foreign or domestic investment, according to the provincial People’s Committee.
binh dinh focuses on investment in big projects in h2
A view of Quy Nhon City in Binh Dinh Province. The province is giving priority to big, labour-intensive investment projects. - Photo

Ho Quoc Dung, chairman of the provincial People’s Committee, said the locality would take comprehensive measures to boost industrial development and speed up the progress of a number of projects such as the expansion of the Vinamilk Quy Nhon milk factory, the Quy Nhon beverage factory, and renewable energy projects.

The province will also complete procedures to start development of the Becamex Binh Dinh industrial-urban-service area.

In the first half of the year, the province approved investment for 20 new projects with total capital of about VND15 trillion (US$645 million), including two foreign-invested ones worth over $72 million.

So far, the province has hosted 78 foreign direct investment (FDI) projects with a total capital of $724.3 million.

In the tourism area, Dung said that the province has seen an annual growth of over 20 per cent in the last three years.

In the first six months of this year, Binh Dinh welcomed over 2.6 million visitors, up 22.8 per cent year on year, including 220,000 foreigners, a rise of 49.1 per cent.

The province’s tourism sector has seen great progress, with Quy Nhon City in Binh Dinh becoming an attractive tourism destination.

The province has strengthened support to investors in the tourism sector and collaborated with foreign partners in personnel training for the sector, Dung said.

In the first half of this year, Binh Dinh recorded gross regional domestic product (GRDP) growth of 6.7 per cent to VND24.55 trillion.

Its budget collection in the period reached over VND5.9 trillion, a year-on-year rise of 54 per cent.


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