Series of companies commit to pouring more than VND 231,000 billion into Binh Dinh
Binh Dinh province has presented investment cooperation memoranda, together with investment policy decisions and investment registration certificates, to 62 projects with a combined registered capital of more than VND 231,000 billion.
NGUYEN TRI
On 28 March, the Binh Dinh Provincial People’s Committee held an Investment Promotion Conference, attended by Deputy Prime Minister Nguyen Chi Dung.
At the conference, Binh Dinh presented investment cooperation memoranda, together with investment policy decisions and investment registration certificates, to 62 projects with a combined registered capital of more than VND 231,000 billion. The projects span many sectors, including industry, high technology, commerce, services and tourism, urban economy, port services and logistics…
Of these, 16 projects have been granted investment policy approval decisions and investment registration certificates. Notable among them is Phase 1 of the Phu My Industrial Park (IP) project in the planned Phu My IP area (in My An and My Tho communes, Phu My district), with investment capital of VND 4,600 billion from Phu My Investment Group JSC.
Next is the Hoa Sen Nhon Hoi – Binh Dinh factory expansion project in the Nhon Hoi Economic Zone (EZ), with investment capital of VND 2,400 billion from Hoa Sen Group. The 500kV Binh Dinh substation and grid connection project in Phu Cat and Tay Son districts has investment capital of VND 2,300 billion, with the National Power Transmission Corporation as the investor.
Binh Dinh provincial leaders present the investment policy approval decision for Phase 1 of the Phu My IP project, with investment capital of VND 4,600 billion from Phu My Investment Group JSC. Photo: Nguyen Tri
The project to build a factory for manufacturing and processing garments, plus warehouses, in Becamex Binh Dinh Industrial Park (Nhon Hoi EZ, Van Canh district), with investment capital of VND 1,300 billion, is invested by Mascot International A/S.
The FPT Software research, production and technology specialist training complex (in Ghenh Rang ward, Quy Nhon City) has investment capital of VND 2,800 billion from FPT Software Quy Nhon Co., Ltd. The CH-01 and CH-02 high-rise apartment project (in Ghenh Rang ward), with total investment of VND 2,300 billion, is invested by TNT HOMES Quy Nhon Co., Ltd…
In addition, Binh Dinh provincial leaders presented investment memoranda for a series of projects. In the high-tech industry sector, CMC Technology Group received investment cooperation memoranda for projects such as the GreenDC Data Center and Submarine Cable Landing Station, with investment capital of VND 13,000 billion, and a renewable energy project, with investment capital of VND 13,000 billion.
The group also received investment memoranda for a Big Data and artificial intelligence (AI) data center project serving state management and digital economy development; a project to train information technology human resources for Binh Dinh province and to help attract investment from domestic and foreign technology companies; the AI City project, with investment capital of VND 13,000 billion; and the CMC University Binh Dinh Campus project, with investment capital of VND 7,000 billion.
A representative of CMC Technology Group receives the investment cooperation memoranda for a series of projects in Binh Dinh. Photo: Nguyen Tri
In addition, Mr. Wong Shang Ling, Founder and Director of Environmental Landscape Pte. Ltd, received an investment cooperation memorandum for a multi-functional complex (in Cat Hanh Industrial Cluster, Phu Cat district), with investment capital of USD 200 million. Hero Future Energies Asia Pte. Ltd received an investment cooperation memorandum for a hydrogen production plant in Binh Dinh province, with investment capital of USD 200 million.
Siemens Energy received an investment cooperation memorandum for a pre-feasibility study to build a hydrogen plant (in Phu My IP), with investment capital of USD 120 million. Binh Hung Industrial Infrastructure Investment JSC received an investment cooperation memorandum for the technical infrastructure of Tay Giang IP (Tay Son district), with investment capital of VND 1,000 billion…
In commerce, services and tourism, Lac Viet Palmer Johnson Marina City – Superyacht JSC received an investment cooperation memorandum for a high-end resort and superyacht project in the De Gi – Vung Boi area, with investment capital of USD 4.6 billion.
Blooming Sky Quy Nhon Co., Ltd received an investment cooperation memorandum for a cultural, sports, recreation and entertainment complex combined with commerce, services and tourism (in Phu Cat district), with investment capital of USD 350 million, and a flying taxi project with investment capital of USD 4 million.
A representative of Lac Viet Palmer Johnson Marina City – Superyacht JSC receives the investment cooperation memorandum for the high-end resort and superyacht project in the De Gi – Vung Boi area, with investment capital of USD 4.6 billion. Photo: Nguyen Tri
Daewon Cantavil JSC received an investment cooperation memorandum for an international apartment – commerce – tourism complex (in Quy Nhon City), with investment capital of USD 200 million. Hoan Cau Trading JSC received an investment cooperation memorandum for a complex comprising a commercial center, a 5-star hotel and office space for lease – Time Square (in Quy Nhon City), with investment capital of VND 4,100 billion.
Intracom Group received an investment cooperation memorandum for a resort and rehabilitation – elderly care tourism project (in the Thi Nai Lagoon Eco-tourism Area, Nhon Hoi EZ), with investment capital of VND 3,000 billion. Victoria Management Co., Ltd received an investment cooperation memorandum for housing and real estate projects, with total investment capital of VND 2,000 billion…
In port services and logistics, Vietnam Maritime Corporation received an investment cooperation memorandum for the Canh Vinh Logistics Center (Van Canh district), with investment capital of VND 5,200 billion. Phu My Investment Group JSC received an investment cooperation memorandum for the Phu My Port (Phu My district), with investment capital of VND 2,300 billion…
Among multi-sector projects, T&T Group JSC received an investment cooperation memorandum for a project in urban economy, logistics, energy, commerce and services (in Nhon Hoi Economic Zone), with investment capital of VND 5,000 billion.
According to Mr. Pham Anh Tuan, Chairman of the Binh Dinh Provincial People’s Committee, alongside investment promotion and attraction, the province has implemented incentive policies and administrative reform, shortening procedures across most investment stages to create a transparent, open and favorable business environment.
Mr. Pham Anh Tuan, Chairman of the Binh Dinh Provincial People’s Committee, speaks at the conference. Photo: N.D
At the same time, Binh Dinh is implementing breakthrough solutions to attract sustainable investment and promote economic growth. The province not only focuses on attracting large-scale, high-tech, environmentally friendly projects, but also builds a modern, transparent business ecosystem that contributes to socio-economic development.
“We are committed to creating the most favorable conditions for enterprises to carry out their projects successfully and develop sustainably. With the view of continuously improving the quality of the investment environment, Binh Dinh aims to become an ‘ideal destination’ for domestic and foreign investors,” Mr. Tuan said.
At the 2024 Binh Dinh Investment Promotion Conference, the province presented memoranda to explore and research investment for 17 projects, with a combined registered capital of about VND 35,000 billion, mainly in industrial and agricultural production, information technology, human resource development, trade services, tourism and investment.
To date, these projects have been moving ahead rapidly. For example: the Graphene production plant in Nhon Hoi A IP, with total investment of VND 130 billion; and Phase 1 of the Phu My IP in the planned Phu My IP area, with investment capital of VND 4,600 billion, which has received the province’s investment policy approval and an investment registration certificate…
