On April 19, in PhanThiet City, People’s Committee of Binh Thuan Province held the 2017 investment promotion conference. Prime Minister Nguyen Xuan Phuc attended and addressed the conference.
Binh Thuan, which is a province in the South Central Coast, adjacent to the southern key economic region has many potentials of rich and diverse resources in terms of land, forests, sea and minerals. That is a prerequisite for the development of industries, agricultural-forestry-aquatic product processing, renewable energy, green tourism, especially marine sports tourism, and mineral processing … Over the past years, Binh Thuan has maintained a relatively high growth rate of over 7% a year averagely, attracting more and more domestic and foreign investors. Up to now, there are 1,281 domestic and foreign investment projects in Binh Thuan with a total capital of more than VND 230,000 billion. Of which, there are 113 foreign investment projects with a total registered capital of nearly USD 3.7 billion.
Mr. Nguyen Ngoc Hai, Chairman of Binh Thuan People’s Committee, said that this investment promotion conference aimed to promote the potentials and advantages for domestic and foreign investors and international organizations, select and decide investment in all areas of industry, agriculture, trade, and service;. In which, it focused on three areas: sustainable green tourism, renewable energy and high tech agriculture.
Minister Nguyen Xuan Phuc witnessed the signing ceremony of memorandum of understanding between the People’s Committee of Binh Thuan province and investors.
At the conference, the investors, the experienced consultants, the domestic and foreign enterprises and the international organizations gave presentations on new issues based on the potentials and advantages of Binh Thuan so that the investors could identify the potentials of the province in a green and sustainable way.
Addressing the conference, Prime Minister Nguyen Xuan Phuc agreed with the spirit of Binh Thuan province. That is to develop the province in the way of green, clean and sustainable development for the community, for human, for the legitimate benefits of the investors, for the government and the people. However, the Prime Minister also pointed out that Binh Thuan had a strategic location and great potentials but not yet exploited and used effectively. At the same time, he affirmed that the Central Committee’s policy is to make Binh Thuan a clean energy center of Vietnam, including wind, solar and gas power; international and regional tourist center; andtitanium deep processing center.
Prime Minister Nguyen Xuan Phuc met the investors and enterprises at the 2017 investment promotion conference in Binh Thuan.
The PM suggested that Binh Thuan and the investors should have innovative thought and new ways to continue developing domestic and international investment capital. It was necessary to have a vision and to improve the quality of branch and regional planning so that outstanding products could not in conflict with each other, not destroy and eliminate each other.
Continuing to socialize development resources, especially mobilize resources to develop socio-economic infrastructure and synchronize the quality, the province should have appropriate mechanisms to promote the socialization of resources, mainly in the form of public-private partnership investment (PPP) to develop infrastructure, including logistics. It is necessary to have a specific policy and mechanism to attract big investors and enterprises with prestige and financial potential to invest in the strengths of Binh Thuan. At the same time, it is necessary to reform the administrative procedure, create a favorable investment environment on the top 20 of the country, also make BinhThuan province government is a government of dialogues, listening, and synchronism from all levels so as to attract potential investors to BinhThuan. Besides, we need to start up businesses in the province and to ensure the safety and security for investors and tourists.
The PM also suggested that the investors and the enterprises should have long-term and sustainable business strategies in Binh Thuan; “say and do together”; protect the environment for long-term and sustainable development, not affect the environment of people just because of short-term benefits.
On this occasion, the People’s Committee of Binh Thuan Province handed down the policy statement to 16 investors; signed memorandum of investment registration with 20 investors, with a total committed capital of nearly VND 97,000 billion. The investors and the enterprises have also provided the province a financial support of nearly VND 40 billion.
Source: Nhan Dan Newspaper