On February 28th, the People’s Committee of Binh Thuan Province organized the announcement ceremony of the Binh Thuan Province Master Plan for the period 2021-2030 and vision to 2050. During the announcement ceremony, Chairman of the People’s Committee of Binh Thuan Province, Mr. Doan Anh Dung, stated that the Master Plan for the period 2021-2030 and vision to 2050 is an important legal basis for the province to reorganize its development space, formulate policies, allocate and efficiently utilize resources to successfully implement the socioeconomic development plan and ensure national defense and security for the years to come.
In order to successfully achieve the goals of the Master Plan, Chairman of the People’s Committee of Binh Thuan Province stated that the province will continue to improve its mechanisms and policies, reform administrative procedures, improve the investment and business environment, and enhance competitiveness, with a focus on serving the people and businesses.
Additionally, the province will mobilize and efficiently utilize state, private, and social resources to promote the development of a comprehensive and modern infrastructure system, attract investment, with a focus on developing three pillars.
In terms of industry, the province will focus on clean and renewable energy, processing and manufacturing industries, and high-tech industries organized into interconnected clusters, as the foundation for transforming the economic structure towards industrialization and modernization.
In terms of tourism and services, the province will focus on various forms of resort tourism, health care, entertainment, marine sports, research and application of scientific and technological services, and logistics services.
In terms of agriculture, the province will focus on developing modern agricultural models that utilize advanced technology, have high added value, and are closely linked to value chains, in order to improve production efficiency and market consumption.
During the ceremony, the People’s Committee of Binh Thuan Province awarded Investment Registration Certificates and investment approval decisions to 4 projects with a total investment capital of nearly 2.1 trillion VND, and granted Memoranda of Understanding for registration of investment to 7 investors with a total registered capital of more than 127 trillion VND across various sectors such as real estate, industrial cluster infrastructure, commercial services, tourism, energy, and minerals.
The Binh Thuan Province Master Plan for the period 2021-2030 and vision to 2050 was approved by the Prime Minister in Decision No. 1701/QD-TTg dated December 7th, 2023. According to the plan, by 2030, Binh Thuan Province aims to become a dynamic, fast, and sustainable development province, rich in marine resources, with a per capita income (GRDP) higher than the regional and national average income levels, a national and international level sea resort center, one of the green energy centers of the country, and a center for training and technological development in the region and country.
Binh Thuan Province strives to achieve an average annual GRDP growth rate of 7.5 – 8% during the period 2021 – 2030, including industrial and construction sectors growing at a rate of 11 – 12% per year (industrial sector growing at a rate of 12 – 13% per year, construction sector growing at a rate of 10 – 11% per year); service sectors growing at a rate of 7 – 7.5% per year; and agricultural, forestry, and fishery sectors growing at a rate of 2.5 – 3% per year. In terms of social development, Binh Thuan Province aims to increase per capita income by 2.7 – 3.5 times compared to 2020, and reduce the poverty rate by 0.4 – 0.6% per year (according to different poverty standards over time).
By 2050, Binh Thuan Province aims to become an important development pole of the Central Coastal region with a strong and sustainable marine-based economy, a modern economic structure, a national and international level green energy center, a national and international level tourism service provider, high-quality healthcare and education centers, a center for science, technology, and innovation in the region and country, and a high standard of living for its people. National defense, security, and sovereignty over the sea and islands are firmly ensured.
The scale of the economy reaches 100,000 billion VND, more than 25 times higher than in 1992 (the year of the province’s reestablishment). The GRDP growth rate in 2023 is expected to reach 8.1%, ranking 14th out of 63 provinces and cities nationwide. The infrastructure system and socioeconomic development will continue to be invested in a consistent and connected manner, and shared with others.
