PM witnesses capital flow of VND126 trillion into Binh Thuan

09:21 | 20/04/2017 Economy

PM Nguyen Xuan Phuc witnessed Binh Thuan province’s granting of investment licences to 14 projects worth VND43 trillion (US$1.89 billion) and signing of a memoranda of understanding (MoUs) on investment registration for 20 projects worth over VND83 trillion (US$3.65 billion) at a provincial investment promotion conference held in Phan Thiet city on April 19.

PM Nguyen Xuan Phuc addresses the conference - Photo: VGP

The event, which was attended by more than 240 businesses and investors from both at home and abroad, sought to introduce Binh Thuan’s potential and advantages in order to attract investment and mobilise resources from economic sectors.

In his remarks, PM Phuc affirmed Binh Thuan’s strategic position and huge potential, hailing the progresses in infrastructure, exports and imports, vocational training and the investment environment as a convenient premise to create a strong belief for enterprises eyeing investment in the province.

He agreed with businesses, experts and the local authorities on the orientations towards developing Binh Thuan for into a green, clean and sustainable economy, for the sake of people’s health and for the legitimate interests of the State, investors and local people.

The government leader suggested the province and investors improve the quality of planning, considering it an essential requirement for sustainable development.

Sectoral, regional and key product planning should not beensure that it is not contradictory and or harmful to each other, he said, highlighting the need for Binh Thuan to strengthen coordination with the southern economic zone and adjacent provinces, he said.

Affirming the Party and State’s policy of continuing to socialise resources for development, especially in socio-economic infrastructure, PM Phuc asked the province to come up with appropriate measures to execute the policy, mainly the public-private partnership (PPP) model.

Binh Thuan needs to issue specific mechanisms and policies to attract and honour investors but should also focus on selecting potential and competent firms to accompany the province in all fields for ain the long term, he noted.

The PM suggested that the province focus its investment promotion activities on the fields of strength such as clean energy, tourism and in addition to high-tech and organic agriculture, while paying adequate attention to training qualified human resources for local socio-economic development.

Talking with investors at the conference, he urged investors and businesses to work out long-term and sustainable business strategies in Binh Thuan, insisting that words must be accompanied by actions.

The government leader also emphasised the importance of associating economic development with protecting the environment, aiming to ensure a clean and green environment for long-term development in Binh Thuan.

So far, Binh Thuan has attracted more than 1,280 projects worth over VND230 trillion (US$10.12 billion), including 113 foreign-invested ones with total registered capital of US$3.69 billion.