Binh Dinh Province attracts nearly $3.2 billion investment in ten months

Monday, Nov 08, 2021 15:00

The Nhon Hoa Industrial Zone in Binh Dinh Province. — Photo

The central province of Binh Dinh remains a magnet for domestic and foreign investors despite the complicated development of the COVID-19 pandemic, according to the province’s Investment Promotion Centre.

The province has so far attracted more than US$72.5 million in foreign direct investment and over VND71 trillion ($3.1 billion) in domestic investment. Specifically, over $40.34 million was injected into newly-licensed FDI projected while $32.23 million came into operating projects.

Besides, foreign investors registered to pump over $17.14 million into some projects in the province.

The provinces has attracted 76 projects with total capital of nearly VND43.5 trillion and increased investment for 12 others with a total sum of VND27.5 trillion.

Investment capital in the province mostly poured into the industrial sector with 44 projects, accounting for 55.6 per cent of total projects. It was followed by real estate, construction and infrastructure with 31.6 per cent and trade, service and agricultural sector with 12.8 per cent.

The province is carrying out administrative reforms to reduce the time to settle investment procedures from 32 days to 25 days. It is striving to increase investment in transport and economic infrastructure to become an attractive destination for investors, focusing on technology. — VNS

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