Binh Dinh greenlights 62 ventures worth $8 billion

The handover took place at the Binh Dinh Investment Promotion Conference 2025 held by Binh Dinh People's Committee on March 28.

A total of 16 projects were awarded investment policy approvals and investment licences with registered capital of about $704 million. Among them, 12 projects in the industrial sector are valued at approximately $485 million. Some notable projects include the first phase of Phy My Industrial Park by Phu My Investment Group JSC (nearly $180 million), and the expanded Hoa Sen Nhon Hoi - Binh Dinh factory by Hoa Sen Group ($93.8 million).

National Power Transmission Corporation (EVNNPT) will develop a 500 kV transformer substation and connections in Phu Cat and Tay Son districts (nearly $90 million), while Mascot International A/S Company will invest in a garment factory and a warehouse at Becamex Binh Dinh Industrial Park ($50.8 million).

There are four ventures in the fields of technology, commercial services, and tourism worth $222 million, including a research, production, and training complex ($109.5 million) by FPT Quy Nhon Software, and high-rise apartment buildings by TNT HOMES Quy Nhon (nearly $90 million).

In addition, the People's Committee handed over 37 MoUs to investors. CMC Technology Group is planning a GreenDC data centre and submarine cable landing station ($508.3 million), a renewable energy venture ($508.3 million), an AI city initiative ($508.3 million), and a branch of CMC University ($274 million).

Environmental Landscape Pte. Ltd. received an MoU for a $200 million multi-functional complex, while Hero Future Energies Asia Pte. Ltd. secured an MoU for a $200 million hydrogen production plant. Likewise, Siemens Energy will conduct a feasibility study to develop a $120 million hydrogen factory at Phy My Industrial Park. Another MoU was given to Binh Hung Industrial Infrastructure Investment JSC to construct technical infrastructure for Tay Giang Industrial Park worth $39 million.

There were nine ventures in the service and tourism industries, including a $4.6 billion high-end resort and super yacht at proposed by Lac Viet Palmer Johnson Marine Urban JSC. Blooming Sky Quy Nhon is keen on a $350 million cultural, sports, and recreation area combined with trade, services, and tourism in Phu Cat district, as well as a $4 million flying taxi venture. Meanwhile, Daewon Cantavil HSC also obtained an MoU for a mixed-use residential trade and international tourism complex in Quy Nhon city, with an investment of $200 million.

Binh Dinh has also attracted three projects, including a Canh Vinh logistics centre by Vietnam National Shipping Lines, and Phu My Port by Phu My Investment Group JSC, valued at $203 million and $90 million, respectively.

In addition, T&T Group received an MoU for a $196 million project in the fields of urban economy, logistics, energy, and trade services in Nhon Hoi Economic Zone.

Binh Dinh province ready to rise up With an established strategy, Binh Dinh province is integrating deeply into the international community by expanding cooperative relations and calling for investment in all fields.

Canada's Gene Bio Medical to build production facility in Binh Dinh Canadian biotechnology company Gene Bio Medical (GBM) has signed an MoU with Binh Dinh Pharmaceutical – Medical Equipment JSC (BIDIPHAR) to establish a large-scale production facility in the central province of Binh Dinh.

Binh Dinh approves key transport upgrades The south-central coastal province of Binh Dinh has given the nod to two important transport projects that will connect with the nearby coastal road.