A Government zoning plan until 2020 intends to make Binh Dinh an industrial, trade, tourism, services and human resources training hub for the South-Central and Central Highlands regions.
The province is offering incentives to investors including assistance to promote their brand names and distribution. Currently, the provincial People’s Committee is reforming the administration and adopting a “one stop shop” policy for businesses with the aim of creating a favourable and transparent investment environment, said Mr Ha.
In addition, the province has drawn up a list of projects in which it is seeking investment in sectors like agriculture, fisheries, industry, tourism and construction.
In the 1992 – 2000 period, the province attracted only three foreign direct investment projects costing US$20 million. However, since 2001, it has attracted am additional 28 foreign invested projects worth US$352 million.
Most of the investors come from the US, Japan, the Republic of Korea, China, Germany and Singapore.
Currently, the province has two industrial parks in operation, Phu Tai and Long Vy, as well as the Nhon Hoi Economic Zone.
Binh Dinh province also has 19 industrial clusters on a total area of 445ha, with 11 of them having occupancy rates of 90-100 percent. It will soon begin construction of the 272ha Nhon Hoa and 265ha Hoa Hoi industrial parks and plans to build two more industrial parks at Cat Khanh and Cat Linh.
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