Binh Dinh is a coastal province of South Central Vietnam, bordered by Quang Ngai Province to the North, by Phu Yen Province to the South, by Gia Lai Province to the West, and by the East Sea to the East; it is 1,065km from the capital Hanoi, 686km from Ho Chi Minh City, 300km from Da Nang City and 300km from Bo Y International Border Gate (in Kon Tum Province) to Laos.
Binh Dinh has a natural area of 6,025km2, a population of 1.6 million. The province has one city named Quy Nhon and 10 districts, including 3 mountainous districts. Quy Nhon City is a first-grade city with an area of 284.28km2 and a population of more than 260,000.
Binh Dinh has a tropical monsoon climate with average temperature of 270C, average humidity at 80 percent, 2000mm rainfall and more than 2000 sunny hours per annum, making it very favourable for developing agriculture, industry and tourism.
Binh Dinh has actively upheld its internal strengths and attracted external resources to speed up economic development and improve living standards. The philosophy of Binh Dinh Province in calling for investment and cooperation is to be a step ahead in preparing socio-economic infrastructure and reforming administrative procedures. The Investment Promotion Centre of Binh Dinh Province (IPC Binh Dinh) is proud to introduce Binh Dinh as an attractive destination for investment and cooperation.
Strategic location and synchronous infrastructure
Binh Dinh – one of five provinces in the key economic region of Central Vietnam - lies in the heart of Vietnam's North - South axis by road, railway and by airway. The province is the most convenient gateway to the sea from the Central Highlands, Southern Laos, Northeastern Cambodia and Thailand (by Quy Nhon international seaport and National Road 19). This gives the province a strong advantage for promoting regional and international communication and trade relations.
Binh Dinh has a synchronous infrastructure system including road and rail networks, international seaport and airport. It takes only 1 hour to fly from Binh Dinh to Ho Chi Minh City and 2 hours from Binh Dinh to Ha Noi.
Power and water supply, post and telecommunications services, and financial and banking services are all available, while education and training and healthcare facilities meet the demand of people and enterprises.
Tourist amenities and recreational facilities have been constructed and upgraded.
Abundant resources and stable security
In addition to its 134km coastline, beautiful beaches and landscapes, and marine resources, Binh Dinh has a variety of mineral resources including granite, ilmenite, sand, kaolin, clay, mineral springs and gold.
Binh Dinh is well-known as a land of martial arts – a land of rich cultural tradition with many historical and cultural relics closely connected to the national hero King Quang Trung-Nguyen Hue, the Tay Son Uprising and other famous cultural figures.
Binh Dinh is the home of Tuong (classical traditional theatre), a lot of traditional craft villages, unique specialty foods, and a series of annual festivals.
With a population of over 1.5 million, half of whom are of working age and with a tradition of diligence and creativity, Binh Dinh can supply an abundant labour force.
Binh Dinh’s economy has been vigorously developing in recent years with an average GDP growth rate of 12 percent. At the same time, political security and social order have been stabilized, as they are vital for promoting co-operation and attracting investors and tourists. The major economic sectors in the province are wood processing, agricultural and forestry processing industries and fisheries. Binh Dinh’s wood processing industry makes it a major exporter of furniture.
Ambitious planning and open-minded policies
Binh Dinh is developing the 12,000 hectare Nhon Hoi Economic Zone adjacent to Quy Nhon City and is calling for investment from domestic and foreign investors. The province is striving to turn its potential into practical resources for provincial socio-economic development.
Established in June 2005, Nhon Hoi Economic Zone is being developed into a general economic zone comprising of a non-tariff zone, industrial zone, seaport service zone, tourist areas and new urban areas, all operated under a special incentive mechanism. Nhon Hoi Economic Zone is a driving force for socio-economic development in Binh Dinh province and the entire Central region. It heralds tremendous business and investment opportunities.
Coming to this economic zone, investors can make large investments in core and hi-tech industries such as deepwater seaport construction, ship building and repairing, petrochemicals and oil refinery, electric or electronics product manufacturing and assembly, electricity production, tourism development, marine services, finance, banking, post and telecommunications. At the same time, investors can choose to locate their investment projects in the tariff zone, non-tariff zone or export processing zone.
Along with a positive cooperative attitude, Binh Dinh also offers some open-minded and generous incentive policies, with practical assistance provided with the understanding that the success of investors is success for the province itself. The dynamic development of the enterprise community in Binh Dinh clearly reflects the transparent and favourable business climate - a gentle land for investors.
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