Binh Dinh province seeks investment

09:42 | 17/02/2016 Economy

The south-central province of Binh Dinh has announced plans to solicit investment in many major projects this year, mostly in the tourism sector.

Binh Dinh province seeks investment

A conner of Binh Dinh's Quy Nhon City (Source:

Many of them require investment in trillions of dong, the province said.

Some of the main tourism projects include the Thi Nai complex in Quy Nhon city to be built on an area of over 5,000ha at 400 million USD, the 100 million USD Mui Rong – Tan Phung tourism complex in Phu My district, and the 40 million USD Tra O Lagoon project in the same district.

The 2,000ha De Gi project needs 50 million USD.

A five-star hotel will be built in An Duong Vuong road and a resort in Quy Nhon.

In the last two years Binh Dinh has attracted many major projects like the FLC Quy Nhon Beach and Golf Resort worth over 5 trillion VND (230 million USD) and Hoa Sen Group's 2 trillion VND (92 million USD) Nhon Hoi Steel Plant.

The province has also greenlighted construction of a trade-industry-service complex by Becamex IDC and the five-star Kim Cuc Hotel.

Binh Dinh has so far attracted nearly 1.8 billion USD in FDI, mostly in industry and construction.

Last year there were only six foreign projects worth 43 million USD.

To attract more investment, the province has announced many measures.

The province website quoted Nguyen Bay, Director of the Trade Promotion Centre, as saying that this year many delegations would visit Japan, Singapore, and Thailand to solicit investment.

The province would provide support to investors and offer incentives to attract investment and talented people, he said./.


Source: VNA