Binh Dinh economic zone attracts investment

This is the 300 hectare Nhơn Lý Resort Project valued at 150m dollars. It’s one among 41 projects that Binh Dinh licenced in Nhơn Hội Economic Zone. Besides a judgement on the profitability of their projects, investors are also being encouraged by local incentives.

"The local authorities as well as the economic zone management have helped us a lot. We benefit from tax incentives and human resource training. Administrative procedures are carried out quickly", said Hoang Nhat Lac, Chief of Office, Minh Duong Biochemical Company, Binh Dinh.

Besides Nhơn Hội Economic Zone, Bình Định is also constructing 8 other industrial parks. Simplifying administrative procedures is one way of attracting investment into these parks.

"Administrative procedures here are connected to nation’s single window network. Enterprises only need to contact us, we’ll help them with the paper work they need to fill in for government agencies", said Nguyen Ngoc Toan, Deputy Head, Standing Committee, Binh Dinh Economic Zone Management Board.

Binh Dinh recently also inaugurated 90 million USD Thép Hoa Sen - Nhơn Hội Steel Plant and some other projects. This is all part of the province’s efforts to achieve a 15% increase in industrial production and foreign trade turnover.