Saturday, October 22 2016


Binh Dinh seeks investment

Update: February, 16/2016 - 09:27
A conner of Binh Dinh's Quy Nhon City. The central coastal province has granted investment licences to four hotel projects in January. — Photo
BINH DINH (VNS)   — The south-central province of Binh Dinh has announced plans to solicit investment in many major projects this year, mostly in the tourism sector.

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 US$400 million, the $100 million Mui Rong – Tan Phung tourism complex in Phu My District, and the $40 million Tra O Lagoon project in the same district.

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

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 Quynhon Beach and Golf Resort worth over VND5 trillion ($230 million) and Hoa Sen Group's VND2 trillion ($92 million) 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 in FDI, mostly in industry and construction.

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

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. — VNS

Send Us Your Comments:

See also: