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Tuesday, November 29, 2022

Binh Dinh attracts VND33 trillion in new investments in Jan-Sept

By Nhan Tam

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HCMC – Investment promotion activities of the south-central province of Binh Dinh showed positive signs from investment attraction in the past and potential investment projects in the coming months.

According to the Binh Dinh Investment Promotion Center (IPC), in the first nine months of this year, the province attracted 59 investment projects with over VND14.2 trillion in investment, rising an additional VND19.5 trillion from the other 14 projects.

Among the new projects, VND11.2 trillion was injected into 18 projects outside of economic zones and industrial zones (EZs and IZs), and VND2.4 trillion was allocated to 17 projects inside EZs and IZs.

In September alone, the south-central province attracted five other projects with a total investment of VND3 trillion.

By sectors, there are 43 projects in the industry; nine in the commerce, services and tourism; five in the real estate; one in the field of information technology; and another one in agriculture.

As for attracting foreign investment capital, since the beginning of the year, there have been three cases of a capital increase, including two projects in EZs and IZs and one outside EZs and IZs with a total adjusted capital of VND6.85 million.

Binh Dinh Province currently has 86 FDI projects with a total registered capital of US$1.1 billion, of which there are 38 projects in EZs and IZs with a total registered capital of US$854.8 million and 48 projects outside EZs and IZs with a total registered capital of US$245.6 million.

Regarding business development, the Binh Dinh People’s Committee has implemented tasks and solutions to improve the investment environment and foster favorable conditions for enterprises.

From the beginning of the year, there have been 973 newly established enterprises with a total registered capital of VND8,515 billion, an increase of 35.7% in the number of enterprises and 7.5% in registered capital.

Over 475 branches, representative offices and businesses were granted registration licenses, 1,732 enterprises, branches and representative offices changed registration and 330 cases were dissolved and terminated along with the suspension of 556 cases and resumption of 384 cases.

In September, Binh Dinh province also organized an investment promotion delegation in Korea from September 25 to 30.

Some notable projects are the Complex of Center for Research, Production and Training of Technology Experts FPT Software of FPT Software Co., Ltd, with registered investment capital of VND2 trillion, the Thien Tam high-class furniture factory of Thien Tam High-class Furniture Joint Stock Company with VND 250 billion and the sawing and drying finished wood factory of AVP Quang Trung Co., Ltd., with VND165.56 billion.

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