Many large corporations and businesses at home and abroad assert that choosing Binh Dinh is the right decision.
Bright spot in attracting investment
In the context of the general economy of the country and the world facing difficulties, Binh Dinh remains a bright spot in attracting investment in the Central region.
Kurz Group inaugurates KURZ Vietnam Factory in Binh Dinh
Specifically, in 2023, Binh Dinh attracted 85 new projects (including 6 FDI projects) with a total registered capital of over 16,450 billion VND, exceeding 41.6% compared to the plan; adjusted 64 projects (including 5 FDI projects) with an additional capital of 3,478 billion VND.
Mr. Walter Kurz, Chairman of Kurz Group (Germany), said that his company’s group did not stop at the production of high-tech foil and thin film (designed capacity of 15 million m2/year, total investment capital of phase 1 is 40 million USD) in Binh Dinh but also focused on recruiting and training high-quality human resources to serve the expanding production scale according to future market growth demand.
The group aims to establish Kurz Vietnam and Binh Dinh as a high-tech research and development center of the group in Vietnam and the Asia-Pacific region.
To achieve the above results, in addition to the existing potential and advantages, in recent time, the Binh Dinh Provincial leaders have made relentless efforts. Specifically, in order to promote and attract investment to the locality, Binh Dinh has implemented many practical solutions; focus on enhancing foreign investment promotion. Accordingly, Binh Dinh has established many delegations to promote and promote investment in some countries with potential for cooperation and investment.
In 2023, the Binh Dinh delegation went to promote investment in many countries around the world, such as: the United States, Japan, South Korea, Germany, Thailand, United Arab Emirates, Canada… Through which, many investors came to survey and carry out procedures to invest in Binh Dinh.
According to Mr. Ho Quoc Dung, Secretary of the Binh Dinh Provincial Party Committee, corporations and businesses with real capacity rarely mention supporting this and that and do not listen unilaterally. The province needs investors like that and has taken advantage of relationships, proactively connecting, interacting, and directly inviting each investor.
With Kurz Group (Germany), the Binh Dinh Provincial leaders went directly to Germany to invite and this group surveyed 20 economic zones (EZ), industrial zones (IZ) in 10 provinces and cities in Vietnam. Finally, the group chose Binh Dinh as a destination.
Finished work, not finished hours
In the spirit of “Finished work, not finished hours”, from the beginning of 2024, departments, sectors, and localities in Binh Dinh focused on implementing the coordination mechanism to solve administrative procedures for investment, construction, land, environment, and fire protection with high determination. Ensure the total time to solve all administrative procedures to implement projects outside EZ and IZ is 118 days (according to regulations is 242 days); projects in EZ and IZ are 60 days (regulations are 145 days).
Ho Quoc Dung, Secretary of the Binh Dinh Provincial Party Committee (second from left) during an investment promotion trip to South Korea
In addition, Binh Dinh also concretizes preferential policies, maximum support for enterprises to invest. Improving the relationship between investors, businesses, and local authorities is prioritized, aiming to build a professional, modern, effective, and efficient administrative system. Binh Dinh also mobilizes all investment resources to complete the transport infrastructure system, EZ and IZ infrastructure, creating a clean space to meet the needs of investors.
In the investment promotion work, Binh Dinh flexibly applies forms of promotion, invites investors with strong potential and reputation to invest in the province in 5 key areas, including: Industry, tourism, high-tech agriculture, port and logistics services, urban economy linked to the urbanization process.
“In the future, Binh Dinh will attract selective investment, prioritize calling for investment capital into high-tech projects, environmentally friendly, bringing great added value. We are determined to create an open investment environment, with good quality to attract more investors, focusing on administrative procedure reform, shortening the time to implement investment procedures” – Mr. Ho Quoc Dung, Secretary of Binh Dinh Provincial Party Committee affirmed.
According to Prof. Dr. Tran Dinh Thien – former Rector of the Vietnam Institute of Economics, a member of the Advisory Board of the Prime Minister, Binh Dinh is the leading locality in opening up international integration in the period of the world economy, the Vietnamese economy has and is still facing difficulties.
Binh Dinh has advantages different from other localities, these advantages are integrated and synergized with each other. In the strong rise of Binh Dinh, there are currently two most outstanding points: opening up international integration and development level associated with breakthrough plans, strategic vision.
