Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh

Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).

The handovers took place on the sidelines of an investment promotion conference held by the provincial People's Committee, with the attendance of Deputy Prime Minister Nguyen Chi Dung.

These projects are in diverse fields, including manufacturing, high technology, trade- service-tourism, urban economy, port services, and logistics.

Of these, 16 projects were granted in-principle approvals and investment registration certificates.

Outstanding projects include the Phu My Industrial Park (IP) phase 1 project in the Phu My IP Planning Area, located in My An and My Tho communes, Phu My district. The VND4.6 trillion ($179.85 million) project is invested by Phu My Investment Group JSC.

Another is the Hoa Sen Nhon Hoi-Binh Dinh Factory Expansion project in Nhon Hoi Economic Zone (EZ), with investment capital of VND2.4 trillion ($93.83 million).

Its investor is Hoa Sen Group, the number No.1 manufacturer and trader of steel sheet in Vietnam and a leading exporter of this item in Southeast Asia.

Mascot International A/S Company will build a garment factory and a warehouse at Becamex Binh Dinh Industrial Park in Nhon Hoi Economic Zone, Van Canh district, with investment capital of VND1.3 trillion ($50.83 million).

Another is the VND2.8 trillion FPT software training, production and research center project in Ghenh Rang Ward, Quy Nhon town, invested by FPT Quy Nhon Software Company Limited.

The CH-01 and CH-02 high-rise apartment complex project in Ghenh Rang ward, with total investment capital of VND2.3 trillion, will be invested by TNT Homes Quy Nhon Company Limited.

Provincial leaders also presented MoUs on investment cooperation for many others, including those of leading IT firm CMC Corporation.

CMC's projects include the GreenDC data center and undersea optical cable landing station project (VND13 trillion), a renewable energy project (VND13 trillion), and a data center applying Big Data technology and AI to serve state management and digital economic development.

Others are a project to train IT human resources for Binh Dinh province and coordinate to attract investment from domestic and foreign technology enterprises, the AI City project (VND13 trillion), and the CMC University Branch project (VND7 trillion).

Wong Shang Ling, founder and CEO of Environmental Landscape Pte.Ltd, received an MoU on investment cooperation for the company's $200 million multi-functional Complex project at Cat Hanh Industrial Park, Phu Cat district.

Hero Future Energies Asia Pte. Ltd acquired an MoU for its $200 million hydrogen production plant project, while Siemens Energy got an MoU to conduct a pre-feasibility study of its $120 million hydrogen plant project at Phu My Industrial Park.

Binh Hung Industrial Infrastructure Investment JSC received an MoU for its VND10 trillion Tay Giang Industrial Park project in Tay Son district.

In the field of trade, services and tourism, Lac Viet Palmer Johnson Coastal Urban Areas-Superyacht JSC acquired an MoU for its high-end resort and super yacht project in the De Gi-Vung Boi area, with investment capital of $4.6 billion.

Blooming Sky Quy Nhon Company Limited obtained an MoU for a $350 million cultural, sports and recreation area combined with trade, services and tourism in Phu Cat district and a $4 million flying taxi project.

Daewon Cantavil JSC received an MoU for its $200 million international tourism-trade-apartment complex in Quy Nhon town, while Hoan Cau Trading JSC's MoU involves an office, 5-star hotel and commercial center complex project named Time Square in Quy Nhon town, with investment capital of VND4.1 trillion.

Another is an MoU for Intracom to develop a VND3 trillion resort combined with rehabilitation services at the Thi Nai Dam Eco-tourism Area, Nhon Hoi Economic Zone.

Victoria Management Company Limited got an MoU for housing and real estate projects, with total investment capital of VND2 trillion.

In the field of port and logistics services, Vietnam National Shipping Lines was handed over an MoU for its VND5.2 trillion Canh Vinh Logistics Center project in Van Canh district.

Phu My Investment Group Joint Stock Company acquired an MoU for its VND2.3 trillion Phu My Port project in Phu My district.

T&T Group Corporation received an MoU for projects totally worth VND5 trillion in the fields of urban economy, logistics, energy, trade-services in Nhon Hoi Economic Zone.

Pham Anh Tuan, Chairman of Binh Dinh Provincial People's Committee, told the conference that Binh Dinh not only focuses on attracting large-scale, high-tech, and environmentally friendly projects, but also on building a modern, transparent business ecosystem.