Domestic and foreign investment inflows into the central province of Binh Dinh Province surged in the first five months of this year, according to the provincial Department of Planning and Investment.

In the reviewed period, the province lured 47 domestic projects with a total registered capital of VND12.24 trillion (US$538 million), 12 projects more than those attracted in the same period last year, the department director Nguyen Thuc Dinh said.

Among the large-scale projects included a residence-trade-service complex valued at VND1.39 trillion and Cam Van new residence area capitalised at VND421 billion.

In the period between January and May, the locality also received six foreign-invested projects with a total capital of $92 million, up three projects compared with the same period last year.

Two projects with large registered capital were a Japanese-invested solar and wind power project worth $64 million, and a $21.2 million pig-breeding farm project being financed by Seldat Viet Nam Co.

By the end of the year, Binh Dinh will continue to accelerate investment promotion to attract more investment capital, especially in its Nhon Hoi Economic Zone and other zones, chairman of the provincial People’s Committee Ho Quoc Dung said.

The province will carry out activities to study and assess its potential to attract foreign and domestic partners while building database and documents for investment promotion.

It will also focus on advertising its investment environment and opportunities, and support local investors and businesses to participate in investment promotion forums, both in Viet Nam and other countries such as Japan, South Korea, Singapore, Thailand, the US and the EU, Dung said. — VNS