Bình Định focuses on investment in big projects in H2

by ,http://vietnamnews.vn/economy/522460/binh-dinh-focuses-on-investment-in-big-projects-in-h2.html10 July 2019 Last updated at 16:03 PM

The central province of Bình Định in the second half of this year will prioritise to attract domestic and foreign investment for big and labour intensive projects, according to the provincial People’s Committee.



A view of Quy Nhơn City in Bình Định Province. The province is giving priority to big, labour-intensive investment projects. — Photo binhdinhinvest.gov.vn

BÌNH ĐỊNH — The central province of Bình Định in the second half of this year will give priority to big labour-intensive projects with foreign or domestic investment, according to the provincial People’s Committee.

Hồ Quốc Dũng, chairman of the provincial People’s Committee, said the locality would take comprehensive measures to boost industrial development and speed up the progress of a number of projects such as the expansion of the Vinamilk Quy Nhơn milk factory, the Quy Nhơn beverage factory, and renewable energy projects.

The province will also complete procedures to start development of the Becamex Bình Định industrial-urban-service area.

In the first half of the year, the province approved investment for 20 new projects with total capital of about VNĐ15 trillion (US$645 million), including two foreign-invested ones worth over $72 million.

So far, the province has hosted 78 foreign direct investment (FDI) projects with a total capital of $724.3 million.

In the tourism area, Dũng said that the province has seen an annual growth of over 20 per cent in the last three years.

In the first six months of this year, Bình Định welcomed over 2.6 million visitors, up 22.8 per cent year on year, including 220,000 foreigners, a rise of 49.1 per cent.

The province’s tourism sector has seen great progress, with Quy Nhơn City in Bình Định becoming an attractive tourism destination.

The province has strengthened support to investors in the tourism sector and collaborated with foreign partners in personnel training for the sector, Dũng said.

In the first half of this year, Bình Định recorded gross regional domestic product (GRDP) growth of 6.7 per cent to VNĐ24.55 trillion.

Its budget collection in the period reached over VNĐ5.9 trillion, a year-on-year rise of 54 per cent. — VNS


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