Binh Thuan: Three economic pillars' products attract customers

17/02/2022, 10:26

The province's three key economic pillars have been growing significantly, despite the items appealing to high-end clients, huge enterprises, and a broad marketplace at the time.

trucot.jpg

Selling well after Tet holiday

Following the Tet holiday, the Vietnamese news reported that AC Energy (ACEN), a subsidiary of Ayala Group (Philippines), had spent $165 million on acquiring and running 9 solar power projects in Vietnam included the provinces of Binh Phuoc, Ninh Thuan, Binh Thuan, An Giang, and Phu Yen (The factories were once owned by Solar NT, a subsidiary of Thailand's Super Energy Group). This purchase is thought to improve ACEN's status as a leader in the ASEAN renewable energy sources. Besides, Vietnam is a key market for AC Energy in the area.

It is noteworthy that Binh Thuan has two factories in the top nine works, namely: Binh An (50 MW) and Phan Lam (36.72 MW). Both of them are located in Bac Binh province. Previously, Solar NT got the whole shares of the two enterprises participating in these two facilities for hundreds of billions of dong. This is just a large successful deal of the "big cheese" energy company that has been made public. However, this will start to boost many other transactions in the process of converting owners of wind and solar energy plants in Binh Thuan, the area defined as the country's energy heartland. Actually, these transactionals capital purchases demonstrate the appeal of huge products in the clean energy sector.

Simultaneously, the price of dragon fruit skyrocketed, rising from VND 1,000 - 5,000 per kg approaching Tet holiday to VND 15,000 - 16,000 per kg after Tet holiday, which is only some days apart. The reason seems to be that on the 3rd day of the Lunar New Year, border gateways in China open for advantageous customs processing and there aren't many dragon fruits in the garden. This is a contradistinction before Tet, besides that the traders competed to purchase dragon fruits at high prices also took place. As a result, the lucky homeowners who sold dragon fruit after Tet were surprisingly major winners, earning more money of profit as in the golden age.

trucot2.jpg

Meanwhile, Binh Thuan tourist industry has a large number of visitors and tourism revenue increased after Tet holiday. Many people's astonishment, no one expected the image of heavy traffic in the Doi Duong zone, the Ham Tien – Mui Ne, etc. It is hard to say why, however with the increase in tourism from the southern provinces and cities pouring into the Binh Thuan province, it played a role in traffic jams on Highway 1A for many hours. To alleviate traffic congestion, the Song Phan toll station must be released many times to ensure smooth circulation.

More converged pieces to develop

The busyness of the three categories mentioned above after Tet all centred around sales activities. If solar power plants are an energy sector, dragon fruit is the key product of the agricultural industry that has also been classified as an economic pillar. Additionally, tourism is another economic pillar of the province, with the aim of getting a big tourists, boosting the prosperity of linked service sectors, and building the strength of a smokeless industry. Perhaps the opportunity has collided, because following Tet, the three products representing the province's three main economic pillars stand out, offering up future potential.

Beginning with dragon fruit, after the problem of congestion at the border gates to China (market of 1.4 billion people), many gardeners have gained from their own lessons, besides that the functional industry has also paid more attention to diversification strategy. Lang Son province announced that they will finish the installation of an inspection to assure the scale of four lanes for international trading goods transport on the Tan Thanh route (Vietnam) - Po Chai route (China) in the first quarter of 2022. Along with that, the import-export route through the Chi Ma bilateral border gate was renovated and expanded to four lanes. Simultaneously, using the "digital border gate," encouraging investment in infrastructure in the border gate area, decreases congestion while entering the peak time.

trucot3.jpg

In terms of tourism, the province's tourist industries have faced several challenges as a result of four epidemics, and almost all businesses have undergone their reorganization. And the big businesses in the tourism market are also showing up more with self-contained investments, products that apply to high-end visitor demands.

Although renewable energy was not seriously impacted by the pandemic as other businesses, the problem of revenue and spending, as well as the payment of bank loans has been exacerbated by an overworked transmission infrastructure. However, with the entry of the energy "big players" into the Vietnamese market, particularly after The Year of the Tiger, the problem is not too tough, if the investor wishes to transfer the contributed funds.

Above all, with items appealing to high-end clients, huge enterprises and a broad market already, the province's three economic pillars are still expanding steadily.

TRANSLATED BY BICH DIEP

According to Bao Binh Thuan
Copy Link
Related articles
Enterprises optimistic about production and business in 2022
As many as 45.4 percent of businesses in a recent survey conducted by the General Statistics Office (GSO) forecast that their production will increase in the first quarter of 2022 as compared to the fourth quarter of 2021.

(0) Comments
Focus
The Return of a Legend
BTO-More than ten years since his departure, Xabi Alonso is set to return to the Santiago Bernabéu—this time as the head coach of the Royal Club. A former standout in Real Madrid’s illustrious history, Alonso now has the opportunity to begin a new chapter with "Los Blancos" from the sidelines.
Do not miss
  • Phan Thiết – The 50-Year Journey: From Liberation to a Dynamic, Modern Coastal City
    19 yesterday Business
    April 19, 1975 – April 19, 2025: A proud 50-year milestone since the liberation of Phan Thiết. Half a century may not be long in the grand flow of history, but for Phan Thiết—a land once scarred by war—it marks a powerful transformation....
  • Red Devils Hold Off Blue Tide in Manchester Derby Stalemate
    26 yesterday Sports
    BTO-On the night of April 6, a classic Manchester derby unfolded at Old Trafford in Matchweek 31 of the Premier League, where Manchester United and Manchester City clashed in a high-stakes encounter. Despite having little left to fight...
  • Nou Camp Nightmare: Dortmund Swept Aside by Ruthless Barca
    26 yesterday Sports
    BTO-Barcelona put on a dominant display in the UEFA Champions League quarterfinal first leg, thrashing Borussia Dortmund 4-0 in a one-sided encounter at the Nou Camp. The Catalan giants delighted their home crowd with a goal-fest, featuring...
  • Liverpool Bounces Back with Vital Victory Over Everton, Keeping Arsenal at Bay
    one month ago Sports
    BTO-After consecutive failures in the FA Cup, Champions League, and League Cup, the morale of Arne Slot's squad has been declining. Facing pressure following Arsenal's victory in the early match the day before, Liverpool was compelled...
  • The Beauty of Hòn Cau Island
    one month ago LANDSCAPES
    March signals the perfect time for a visit to Hòn Cau Island (Phước Thể, Tuy Phong) as the weather transitions and the golden sunlight bathes the island. Located about 110 km from Phan Thiết, Cù Lao Câu is a pristine, uninhabited island...
  • The Final Goal
    one month ago Sports
    BTO-Manchester City now only has one goal left: winning the FA Cup to salvage what has been a “disastrous” season. As a result, Coach Pep Guardiola and his players have put all their energy into the world’s oldest football tournament....
  • Regaining the Top Spot
    one month ago Sports
    Playing a day before their arch-rivals Barcelona, Real Madrid took full advantage of the opportunity to reclaim the top spot in La Liga with a comfortable 2-1 victory over Villarreal, thanks to a brace from Mbappe.
  • A Hard-Fought Victory
    one month ago Sports
    BTO-On the evening of March 19, the Vietnam national team played their first international match since winning the AFF Cup 2024, hosting Cambodia in a friendly at Gò Đậu Stadium (Bình Dương). Given their superior standing, a victory...
  • Farewell to the "King of Cups"
    2 month ago Sports
    BTO-After suffering a 1-0 home defeat in the first leg of the Champions League Round of 16, the French football powerhouse PSG was under immense pressure to win the return leg away at Liverpool. And they did just that, securing a place...
  • Surrendering the Title
    2 month ago Sports
    BTO- The highlight of Premier League Matchweek 28 was the showdown between Manchester United and Arsenal at Old Trafford. Arsenal desperately needed a victory to keep up with Liverpool, but they could only manage a draw, while the league...
  • Even Djokovic Can’t Defy Time
    2 month ago Sports
    BTO-Novak Djokovic has just suffered a defeat against Botic Van De Zandschulp in the second round of  Indian Wells 2025, marking the first time in seven years that he has lost three consecutive matches. At 37 years old, Djokovic is...
  • Binh Thuan Province to cooperate with Sun Group to unlock its Tourism Strengths
    BTO – On early March, the Standing Committee of the Provincial Party Committee and the People's Committee of Binh Thuan Province held a meeting with Sun Group regarding investment cooperation.
  • The King Has Fallen: Man Utd Crash Out of FA Cup
    2 month ago Sports
    Recently, Manchester United’s FA Cup title defense came to a crushing end as Fulham stunned the Red Devils in a dramatic penalty shootout to secure their place in the quarterfinals. Heading into the fifth-round clash at Old Trafford,...
  • Sunset Slope: Phan Thiet’s Hidden Gem for Breathtaking Views
    2 month ago LANDSCAPES
    BTO – Still in the heat of the first two lunar months, Sunset Slope on Co Mountain has become a renowned sunset-watching spot in Phan Thiet. Located in Phu Hai Ward, this stunning location offers breathtaking views of the mountains...
  • Victory Seals the Throne
    2 month ago Sports
    BTO-After suffering a loss in the first leg at home last week, Manchester City finds itself in a tough spot in its quest for a spot in the Champions League Round of 16 against Real Madrid. This defeat marked their first loss to Madrid...
  • Tough game Alonso!
    2 month ago Sports
    BTO-The Round 22 Bundesliga showdown between Bayer Leverkusen and Bayern Munich was one of the most anticipated of the season. On one side, there were the defending champions, and on the other, the league leaders. Bayern entered the...
  • Back to the Top for Barcelona
    2 month ago Sports
    BTO-Before taking on Rayo Vallecano, Barcelona had the chance to claim the top spot in La Liga after both Real Madrid and Atletico Madrid were held to 1-1 draws in Round 24 (Real drew with Osasuna, Atletico drew with Celta Vigo). The...
  • Bayern Munich's Roar
    2 month ago Sports
    Bayern Munich were strong favorites against Celtic in their Champions League play-off. Despite being the away team, Vincent Kompany's side comfortably won 2-1, securing an advantage for the return leg at Allianz Arena.
  • Binh Thuan: 7 OCOP 4-star products recognized and re-recognized
    2 month ago Business
    BTO – Binh Thuan provincial People's Committee has lately approved the evaluation results and issued certificates for 7 products in the first and second batches of 2024 for OCOP 4-star products.
  • Binh Thuan’s dragon fruit on display at an exhibition in Germany
    3 month ago Business
    BTO- Binh Thuan dragon fruit will be present at the Fruit Logistica Berlin fruit and vegetable exhibition took place in Germany from February 5 to 7, 2025.
POWERED BY ONECMS - A PRODUCT OF NEKO
Binh Thuan: Three economic pillars' products attract customers