Binh Thuan makes efforts to welcome “eagle" investors

09/11/2024, 11:29

BTO - In mid-October, Provincial Party Secretary Nguyen Hoai Anh led a delegation to inspect the progress of infrastructure investment in Tan Duc, Son My 1, and Son My 2 Industrial Parks. The purpose was to conduct field inspections, thereby directing relevant departments, localities, and units to focus on resolving and supporting the removal of difficulties and obstacles to help investors speed up project progress.

This also shows provincial leaders’ great attention and efforts in attracting investment and promoting the province's socio-economic development.

Binh Thuan's potential and advantages have attracted the attention of large investors and domestic and international economic groups in recent years, such as its strategic geographical location with a 192 km long coastline, adjacent to international maritime traffic routes, and diverse resources; The upgraded transport infrastructure system with expressways and Vinh Tan international seaport, etc. In addition, Binh Thuan has 9 industrial parks with a total area of ​​over 3,000 hectares under development, along with preferential policies and investment support of the province, contributing to creating a friendly and effective investment environment.

With such potential advantages, up to now, the whole province has attracted a total of more than 1,650 investment projects with a total registered capital of up to about 1,800,000 billion VND; including foreign direct investment (FDI) projects also account for a significant proportion, focusing on areas such as tourism, industry and renewable energy.

However, according to the general assessment, the investment results are not commensurate with the potential and advantages of the province. Most of them are small or medium-sized projects, with few large projects that are the driving force for local socio-economic development.

In recent years, many domestic and international economic groups have come to Binh Thuan. Investors considered "eagles" are large groups with abundant financial resources and experience in the field of renewable energy. Specifically, Copenhagen Infrastructure Partners (CIP) Group of Denmark is promoting the La Gan offshore wind power project with a total expected investment of up to 10.5 billion USD, showing the large scale of investment of these international investors.

Besides CIP, Enterprize Energy Group is also cooperating with many international partners to implement projects such as the Thang Long Wind Complex, with a total investment of up to nearly 17 billion USD. These investors not only bring capital but also provide advanced technology and technical experience, contributing to promoting the sustainable development of the wind power industry in Vietnam in general and Binh Thuan in particular. However, these "eagle" projects have not yet been implemented because there are some problems that need to be resolved by the Central Government... In fact, in recent years, Binh Thuan has also welcomed "eagles", for example, the Novaworld Phan Thiet project developed by Novaland Group with a total area of ​​nearly 1,000 hectares. The project is a resort-entertainment-commercial complex, including many types of products such as resort villas, commercial townhouses (shophouses) and hotel apartments (condotels). With an expected investment of 5 billion USD, Novaworld Phan Thiet has more than 1,000 international standard facilities, including a conference center, sports complex, water park, PGA golf course, and diverse entertainment and culinary areas. Novaworld Phan Thiet also organizes many cultural and sports events, promoting the diverse local cultural beauty and tourism potential of Phan Thiet.

Recently, with the efforts of the Provincial People's Committee and departments, Ham Tien - Mui Ne New Commercial and Service Urban Area Project in Phan Thiet City has announced the list of winning investors. The two investors who met the preliminary requirements on capacity are the consortium of Phu Quoc Beautiful Sea Investment Company Limited and Ha Long Sun Company Limited. The project has a total estimated investment of more than 11,000 billion VND, with an area of ​​about 219 hectares. The Binh Thuan Provincial People's Committee has decided to approve the investment policy for this project and requested investors to complete the application for approval according to regulations. This project is expected to develop synchronous technical and social infrastructure, including housing, commercial services, public works and green areas.

To attract “eagle” investors for large projects, Binh Thuan needs to continue to implement several important measures; first, completing policy institutions, and infrastructure, especially key traffic routes to increase connectivity and facilitate the movement of investors and tourists, focusing on developing industrial parks, urban areas, and large tourism projects to meet market demand and create momentum for the province's economic development.

Moreover, the province needs to focus on resolving obstacles and difficulties in implementing investment in large projects. One of the main logjams is site clearance, due to the determination of land origin and price, leading to many projects being delayed.

Finally, the business environment needs to be improved, especially in simplifying administrative procedures and providing more complete information to investors, creating a transparent legal environment, making efforts to reform administration, improving the provincial competitiveness index (PCI) and improving the investment environment, to bring Binh Thuan back to 30 leading localities nationwide in attracting investment.

TRANSLATED BY UYEN LINH

Related articles
Binh Thuan Agriculture to embrace Digital Transformation and Green Transition
BTO - Currently, agricultural production in Vietnam, particularly in Binh Thuan, is facing direct challenges from extreme climate impacts. Therefore, it is imperative that we take action to reduce greenhouse gas emissions in alignment with Vietnam’s Net Zero policy. Agricultural production in Binh Thuan, including rice cultivation, must contribute to lowering carbon emissions through sustainable farming practices.

(0) Comments
Focus
Binh Thuan makes efforts to welcome “eagle" investors
BTO - In mid-October, Provincial Party Secretary Nguyen Hoai Anh led a delegation to inspect the progress of infrastructure investment in Tan Duc, Son My 1, and Son My 2 Industrial Parks. The purpose was to conduct field inspections, thereby directing relevant departments, localities, and units to focus on resolving and supporting the removal of difficulties and obstacles to help investors speed up project progress.
Do not miss
  • A harsh replacement
    9 minute ago Sports
    Erik Ten Hag joined MU in April 2022 and brought high expectations after his success at Ajax. However, after only 30 months, Erik Ten Hag was "kicked out" after the "worst" results in MU's starting season history. Chosen as the interim...
  • Binh Thuan makes efforts to welcome “eagle" investors
    20 minute ago Business
    BTO - In mid-October, Provincial Party Secretary Nguyen Hoai Anh led a delegation to inspect the progress of infrastructure investment in Tan Duc, Son My 1, and Son My 2 Industrial Parks. The purpose was to conduct field inspections,...
  • Ta Nang - Phan Dung trekking trip and Co Thach beach
    16 yesterday LANDSCAPES
    Trekking from Ta Nang to Phan Dung and exploring Co Thach Beach are unique and exciting voyages, especially for those passionate about adventure and nature.
  • In Celebration of 29 Years of Binh Thuan Tourism (October 24, 1995 - 2024): New Era brings new opportunities to the locality
    16 yesterday Travel
    BTO - After 29 years of development, Binh Thuan’s “smokeless industry” has firmly established its brand on Vietnam’s tourism map, boasting strengths in beach resorts, unique marine sports, and rich culinary offerings.
  • Binh Thuan in thorough preparation for the Visit of the 5th EC Inspection Team
    16 yesterday Politics
    BTO - The European Commission (EC) inspection team is scheduled to visit Vietnam in early November 2024 to assess the country’s efforts in combating illegal, unreported, and unregulated (IUU) fishing, according to a recent report....
  • Finding flame in the dark
    16 yesterday Sports
    “A blind leap” and “A dark day for English football” are two of the many criticisms directed at the English Football Association (FA) after choosing Thomas Tuchel to lead the national team. The new head coach’s introduction ceremony...
  • ‏"El Pulga" was not on the list‏
    18 yesterday Sports
    ‏90% of football players at this age have to retire due to the rule of time; however, ‏‏ ‏‏Lionel Messi still surprises the soccer world with his super performances. But somehow, "El Pulga" was not included on the 2024 Ballon d'Or nominees...
  • The "Big Four" era has passed
    19 yesterday Sports
    BTO - After Carlos Alcaraz beat Jannik Sinner in the China Open final, two ATP 500 records from 2009 were reset. This breathtaking competition between two young players makes the "Big Four" become a past.
  • Farewell “Rafa”
    19 yesterday Sports
    BTO- Recently, Rafael Nadal officially announced his upcoming retirement after his final match at the Davis Cup in Malaga this November. Rafael's announcement left sorrows for tennis fans since the world will officially no longer witness...
  • Binh Thuan Rice: Towards the Gia An Rice Brand
    19 yesterday Business
    BTO - With proactive efforts in seeking new high-yield rice varieties and pioneering the application of scientific and technical advancements in production, the Gia An Agricultural Service Cooperative, located in Gia An commune, Tan...
  • Convergence of Binh Thuan Specialties at the Southern Region Exhibition
    24 yesterday Business
    BTO - From October 10 to 16, the 2024 Southern Region Exhibition of Typical Rural Industrial Products takes place in Phu Quoc City. The event is organized by the Local Industry Department (Ministry of Industry and Trade) in collaboration...
  • Binh Thuan heads towards digitalization for Tourism Development
    24 yesterday Travel
    BTO - Although Binh Thuan possesses the features to develop tourism, in the new context, these are not enough. Hence, Binh Thuan has been gradually implementing digital transformation in the province's "green economy" sector intending...
  • Nole's “nemesis”
    24 yesterday Sports
    BTO - The Shanghai Masters 2024 final ended with the victory of the current world No. 1. This is Sinner's second victory over Djokovic in 2024. Sinner also defeated his senior in the Australian Open semifinals this year. Although Djokovic...
  • Binh Thuan Agriculture to embrace Digital Transformation and Green Transition
    24 yesterday Business
    BTO - Currently, agricultural production in Vietnam, particularly in Binh Thuan, is facing direct challenges from extreme climate impacts. Therefore, it is imperative that we take action to reduce greenhouse gas emissions in alignment...
  • Toothless Lions
    27 yesterday Sports
    For the past ten years, theEnglandteam could not be completed without the name Harry Kane on the squad. Harry's presence guarantees a positive result for the "Three Lions" in every match; therefore, one day the "Three Lions" will be...
  • Stumbling the champions
    29 yesterday Sports
    Lionel Messi could be on the pitch (since winning the Copa America 2024) in the match against Venezuela in the 2026 World Cup qualifiers in South America, which will occur at 04:00 on October 11. However, with the home advantage, Venezuela...
  • Phan Thiet Smart City Operation Center (IOC): The “Digital Brain” of a Smart City
    one month ago Society
    BTO - In the journey towards establishing a smart city, the operation of the Smart City Operation Center (IOC) in Phan Thiet is regarded as a significant milestone. The IOC is likened to the “digital brain” of the city, capable of integrating...
  • Unstoppable "Nole"
    one month ago Sports
    Young talented Italian, Flavio Cobolli faced Novak Djokovic in the third round of the 2024 Shanghai Mastersfull of youth energy, hoping to pass a long-standing statue of thetennis field. Still, everything was just "fantasy" for the...
  • A legendary retirement in football
    one month ago Sports
    In 2024, world football witnessed many farewells. They were Tony Kross of Germany, Pepe of Portugal, Di Maria of Argentina, Griezmann of France...; and this time, a Spanish player - Andres Iniesta. He officially announced his retirement...
  • Djokovic “Age is just a number”
    one month ago Sports
    On October 5, the Shanghai Masters witnessed the top 4 seeds Sinner, Zverev, Alcaraz and Djokovic all play. The match between Djokovic and Michelsen was extremely tense with two tie-breaks. However, Michelsen’s youth still could not...
POWERED BY ONECMS - A PRODUCT OF NEKO
Binh Thuan makes efforts to welcome “eagle" investors