Project influx brings in a staggering amount of capital to the leading province in the Central region, totaling 1.7 trillion Vietnamese dong.

This province is positioned as one of the leading regions in Central Vietnam, with 2 townships set to become cities.


According to the Department of Planning and Investment of Binh Dinh Province, in January 2024 alone, Binh Dinh attracted 9 new investment projects with a total registered capital of VND 1,717.1 billion. At the same time, the province granted business registration certificates to 117 newly established enterprises with a total registered capital of VND 351.2 billion.

Specifically, there are 9 investment projects in the province in the first month of the new year, including 4 projects located in industrial zones and economic zones; 2 projects located in industrial clusters; and 3 projects located outside economic zones, industrial zones, and clusters.

The projects include: Combined residential area and urban renovation project in the South and North of Tang Bat Ho Street, Diu Tri Town, Tuy Phuoc District; warehouse for industrial materials and finished tiles and bricks storage of Takao Mart Co., Ltd; concentrated production and processing of agricultural and forestry products of Vinanutrifood Binh Dinh Joint Stock Company; Binh Phu Steel Structure Processing Factory of Binh Phu Investment and Production Company Limited; poultry egg farm – by-product farm of Ha My BĐ LLC; artificial rattan weaving factory of Central Interior Decorating LLC; wood processing and artificial rattan weaving factory of Nguyen Duc Manufacturing and Trading LLC; Cà Mau Fertilizer Production Plant – Binh Dinh Facility of Ca Mau Petroleum Fertilizer Joint Stock Company; artificial rattan weaving factory and mechanical processing for artificial rattan weaving of Bao Tran Import Export Trading Limited Liability Company.

Binh Dinh will have 3 cities

According to the provincial planning of Binh Dinh Province, the period of 2021-2030, vision to 2050, which has just been approved by the Government, by 2030, Binh Dinh will become a leading province in the development group of the North Central Coast and Central Highlands, it will be the industrial center for processing, manufacturing, services, tourism, and culture in the South of the region; a major center of the country in the development of marine economy; a national and international tourist hub with a modern and comprehensive economic infrastructure. The province’s economy will grow fast, sustainable, and green based on key pillars such as industrial growth, tourism services, port – logistics; high-tech agriculture; urbanization.

The province will focus on developing modern Quy Nhon City in terms of space, architecture, exploiting advantages in landscape and climate of Thị Nại Estuary area; planning the construction of a new administrative center of the province in the Nhơn Hội Economic Zone; developing the National-scale Scientific Urban Area.

By 2050, Binh Dinh will continue to be among the leading provinces in the Central region, with a per capita GRDP and urbanization rate higher than the national average. Binh Dinh will become a center of marine economy; a science and technology hub, an important center for Vietnam’s artificial intelligence application; a major tourist destination in the country, a connector of the North Central Coast and South Central Coast; Central Highlands and East-West Economic Corridor.

By 2030, Binh Dinh will have 21 urban areas, including: 1 first-class urban area (Quy Nhon City); 2 third-class urban areas (An Nhon City and Hoai Nhon City); 3 fourth-class urban areas (Tay Son Town, Tuy Phuoc Town, and Cat Tien Township); 15 fifth-class urban areas (Vinh Thanh Township, Van Canh Township, An Lao Township, Tang Bat Ho Township, Phu My Township, Binh Duong Township, Ngo May Township, An Hoa Township, My Chanh Township, Cat Khanh Township, Canh Vinh Township, My Thanh Township, My An Township, Cat Hanh Township, An Tuong Tay Township).

Therefore, Binh Dinh will have 3 cities: Quy Nhon City, An Nhon City, and Hoai Nhon City.

In recent years, the province’s economy has developed strongly, highlighting its position as a key economic region in the Central Coast. In 2023, the local gross regional domestic product (GRDP) is estimated to increase by 7.61%, exceeding the provincial People’s Council’s plan by 0.11%, higher than the national growth rate (2.11%).

Binh Dinh’s GRDP growth rate ranks 17th out of 63 localities nationwide, 6th out of 14 in the North Central Coast and Central Coast, and 1st out of 5 provinces in the key economic region of the Central Coast. The per capita GRDP in 2023 is estimated to reach 78.19 million VND, exceeding the plan by nearly 3 million VND.

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