Binh Dinh province attracts 8 projects worth $246 mln in Jan

Binh Dinh province in south-central Vietnam attracted eight new projects with registered capital of VND5,801 billion ($246 million) and saw one project raise additional capital of VND13.75 billion ($583,300) in January.

Those projects are in sectors of industry, commerce, service, tourism, infrastructure, and real estate, according to Binh Dinh's Investment Promotion Center (IPC Binh Dinh).

The largest project is the An Quang tourism and urban area in Phu Cat district with registered capital of VND5,228 billion ($221.78 million), invested by three local firms.

Earlier this month, Binh Dinh granted in-principle approval to three projects at a conference on socioeconomic development of the central coastal region until 2030, with a vision to 2045.

They are the Long Son Hoai Nhon steel complex worth VND56,257 billion ($2.39 billion) with an annual capacity of 5.4 million tons; IT service provider FPT Software’s VND2 trillion ($85.28 million) technological training, production and research center; and private firm Kamado JSC’s VND998 billion ($42.41 million) granite tile factory.

In 2023, the province will focus on attracting investments in five key sectors of industry, tourism, high-tech agriculture, port and logistics services, and urban economy. In particular, Binh Dinh will prioritize projects with economical use of land and energy, high and clean technology, high added value, big contribution to the state budget, in order to push sustainable and fast socioeconomic growth.

The province will also prepare land, human resources, and infrastructure to welcome new FDI projects amid the trend of shifting investments from some regional countries into Vietnam, local authorities said.

The target is to attract over 60 projects with registered capital of over VND20 trillion this year ($848.45 million).