Binh Dinh preparing land to attract investment

The Binh Dinh Provincial People’s Committee has asked People’s Committees at all levels to work with relevant bodies to speed up site clearance for industrial complexes and ensure clean land funds to attract investment.

Each city, district, and commune in the south-central province must clear sites of between 20 and 30 hectares each year.

Figures from the provincial Investment Promotion Center show that the province has attracted 49 new domestic investment projects this year with total registered capital of nearly VND11.6 trillion ($489 million), representing 81.66 per cent of the annual plan, while 51 projects added an additional VND3.77 trillion ($159 million) in capital to existing projects.

Binh Dinh attracted 80 projects from domestic investors last year with investment totaling over VND19.64 trillion ($831 million), exceeding the targeted 60 projects.

Investment was concentrated in industry (56 projects); trade, services and tourism (11); property, construction, and infrastructure (9); agriculture (2); information technology (1); and education (1).

It also attracted one FDI project with investment of nearly $4 million.