09:31 | 28/04/2016 Investment
(VEN) - Binh Dinh Province recently organized a conference to promote investment into tourism development, attracting nearly 500 participants, including representatives of businesses, ministries, sectors, and domestic and foreign investors from Japan, Singapore, Indonesia, and Chinese Taipei. Investment totaling several trillion dong was promised.
Signing agreements on the support for tourism investment projects in Binh Dinh Province
Focusing on marine tourism
The conference presented Binh Dinh Province’s tourism development plan until 2020 with a vision towards 2030, focusing on the effective utilization of tourism resources in a professional manner to create high quality products as part of efforts to promote sustainable tourism development. It offered an opportunity for tourism investors to meet and talk with the leaders from ministries, sectors, provinces and cities in coastal areas of the central region.
Located in the Central Key Economic Zone, Binh Dinh is a gateway to the Central Highlands and an important point of junction in the East-West Economic Corridor. Apart from distinctive cultural values, Binh Dinh has a variety of natural values, especially beautiful beaches.
Provincial party committee secretary Nguyen Thanh Tung said, “The Binh Dinh Province People’s Committee has proposed long-term measures to develop tourism until 2020 with a vision towards 2030, focusing on marine tourism.”
Offering investors preferences
In 2015, Binh Dinh attracted 33 investment projects, including six foreign investment projects with total capital of more than VND950 billion, and 27 domestic investment projects with total capital of nearly VND5 trillion. These include major tourism projects.
From now until 2020, 45 major tourism investment projects will be implemented in the province. Many large tourism and infrastructure projects are underway in Binh Dinh, including resorts, villas, a high-grade relaxation and entertainment complex at Nhon Ly, a historical, ecological and spiritual complex around Linh Phong Pagoda, marine tourism development in Quy Nhon, a scientific space complex, the Nhon Hoi Economic Zone, upgrading the Dieu Tri Railway Station and Phu Cat Airport. “Binh Dinh Province offers investors a variety of attractive preferences related to land rent, corporate income tax, worker training, and infrastructure construction,” Secretary Tung said.
Economists believe that to promote socioeconomic development and develop tourism in particular, Binh Dinh needs to approve the development plans for each sector and prioritize plans to develop support industries, services, tourism, and marine tourism. The province needs to concentrate on improving the infrastructure for land, rail, and air transport, attracting investment to upgrade and expand National Highway 19 section from Quy Nhon Port to Pleiku, and plans for the construction of coastal roads.
The provincial people’s committee has accepted investment plans from three businesses with total investment of more than VND920 billion; and investment registration certificates for three projects with total investment of nearly VND4.2 trillion. The Joint Stock Commercial Bank for Investment and Development of Vietnam has signed an agreement in principle to provide over VND1.3 trillion in loan for two projects with total investment of more than VND2.53 trillion.