After three investment promotion events in Japan in 2012, 2013 and 2014, Binh Dinh province has realised that its potential, advantages, people and culture are similar to those of Japan and fitting to investment and business demands of Japanese companies. Thus, the province continues to choose Japan as the address to call for investment capital. The province always regards Japan as an important partner in all aspects of cooperation.
Nguyen Thuc Dinh, Director of the Department of Planning and Investment of Binh Dinh province, said the biggest strengths of Binh Dinh are marine economy and marine tourism. Major industries are related to marine, such as port, logistics and processing industries.
Moreover, Binh Dinh is endowed a 134-km coastline with many beautiful bays and beaches which form attractively scenic seascapes. Especially, with approximately 2,500 square kilometres of territorial waters and over 40,000 square kilometres of exclusive economic zone, Binh Dinh has rich marine resources of high economic value and precious specialty which are very popular in domestic and international markets. The province has established and developed such industries as agriculture, forestry and fisheries processing, consumer goods, building materials, mining, mineral processing, apparel and footwear.
In its economic development strategy, Binh Dinh hopes Japanese firms to invest in their advantageous and strong fields in the province like electronics, electricity, engine, energy, industrial zone infrastructure, supporting industries, trade and services. Therefore, the province always actively draws investment capital from Japanese investors. In addition to calling for investment capital into industrial parks that Japan is strong at like IT and software services, consumer electronics devices, communications equipment, office equipment, industrial electronics equipment, specialised electronics equipment, motorcycle and automobile, Binh Dinh also hopes to cooperate with Japanese investors in tuna fishing, preservation and consumption and other valuable seafood or granite processing and business.
Currently, key projects that Binh Dinh is calling for investment capital include Nhon Hoi Port and logistics area (US$300-400 million), Quy Nhon - Tam Quan Coastal Road (US$400 million), Hoa Hoi Industrial Park (US$30-50 million), water supply systems for Nhon Hoi Economic Zone (US$75-100 million), projects in Nhon Hoi New Urban Area (US$20-200 million each project), provincial administrative centre (US$10 million), Mui Rong - Tan Phung Resort (US$ 120 million), Thi Nai Lagoon Ecological Resort (US$400 million) and Tuna cannery (US$5 million). In addition to general investment incentives from the Government of Vietnam, investors in general and Japanese investors in particular will be granted local motivations like personnel training, trade promotion, technical infrastructure, information provision and administrative procedure support. Apart from lower land rents than other provinces, Binh Dinh also supports investors with investment procedures, environmental impact assessment and site clearance.
Director Dinh expressed his confidence in a prosperous cooperation with Japan in various fields.
Cong Luan
Vietnamese
