Investment Promotion Conference to Central Coastal Provinces:

Investment Promotion Conference to Central Coastal Provinces 2024: Connect and Attract Investment

On October 10, the Investment Promotion Conference to Central Coastal Provinces was held in Binh Dinh Province. The event was organized by the People’s Committee of Ho Chi Minh City in collaboration with the People’s Committees of the provinces: Binh Dinh, Binh Thuan, Ninh Thuan, Khanh Hoa, Phu Yen, and Quang Ngai.

Investment Promotion Conference to Central Coastal Provinces

The conference is part of a series of important activities to review one year of implementing the socioeconomic development cooperation program between Ho Chi Minh City and the Central Coastal provinces.

The purpose of the conference is to introduce the investment environment, mechanisms, policies, and investment projects being promoted by Ho Chi Minh City and the Central Coastal provinces. Additionally, the conference serves as an opportunity for domestic and foreign businesses, investors, and international organizations to meet and exchange ideas with the authorities of the Central Coastal provinces, specialized agencies, and localities to address difficulties and obstacles in the investment process or to seek information regarding specific investment projects.

At the conference, authorities from the provinces introduced the potential, strengths, and investment projects currently being promoted, as well as specific investment attraction policies and committed to creating the most favorable conditions for attracting investors. Additionally, the leaders of Binh Dinh Province signed memorandums of cooperation with several major investors and presented investment decisions for numerous large-scale projects in the wood and paper processing sectors.

Presentations of delegates at the conference

Potential investment opportunities in the Central Coastal Region

The Central Coastal region comprises eight provinces: Da Nang, Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, and Binh Thuan. This area plays a particularly important strategic role in various fields, including economics, politics, culture, society, environment, national defense, security, and foreign affairs across the country.

Rapid and sustainable development of the Central Coastal region is a major policy of the Party. The provinces in this region have numerous significant advantages, such as geographical proximity to Ho Chi Minh City – the largest economic center in the country – along with increasingly synchronized investment attraction policies. Additionally, the region has many industrial zones and clusters with available land, advantageous socioeconomic infrastructure, a skilled labor force, and strong tourism development potential.

About Binh Dinh Province

Binh Dinh Province aims to become a leading developed province in the Central region by 2030, with strong connections and a spillover effect on the provinces of the Northern Central Highlands. The vision for 2050 is to be among the top provinces in the Central region. The province is also committed to robustly supporting investors, from the idea formation and opportunity identification stages to project development and swift, effective implementation. Binh Dinh affirms its ongoing reforms in administrative procedures and the modernization of work styles, ensuring timely identification and resolution of requests to create a favorable business investment environment.

About Binh Thuan Province

Binh Thuan Province has a favorable position for economic development and serves as a “bridge” between the Central Coastal region, the Southeast region, and the Central Highlands. Through this conference, the province hopes to connect its potential and advantages to attract domestic and foreign investors, as well as international organizations, to continue showing interest, selecting, and deciding to invest in all sectors, including tourism, industry, agriculture, and trade services. The focus will be on three main pillars: processing and manufacturing industries, renewable energy, tourism and services, and high-tech agriculture.

The Role of Ho Chi Minh City in promoting investment in the region

In the process of economic development, the policies and initiatives of Ho Chi Minh City are always aimed at enhancing and expanding trade, supporting the provinces, as well as connecting to the city’s development. City authorities encourage businesses and professional associations to explore opportunities for cooperation and investment development, as well as market expansion in the Central Coastal provinces — one of the four key regions in the national strategy for sustainable marine economic development. The city continuously works to improve the investment and business environment, strongly reforming administrative procedures, and accelerating the implementation of key infrastructure and logistics projects. This effort is intended to promote investment cooperation projects with the Central Coastal provinces as swiftly and effectively as possible.

C+ Consult and Binh Dinh Province signed a Memorandum of Understanding (MoU)

On this occasion, C+ Consult signed a MoU with the People’s Committee of Binh Dinh Province. According to that, both parties agreed to establish a cooperative relationship to support investment promotion efforts, focusing on automotive industry projects and high-tech manufacturing projects to within industrial parks and clusters in the province.

C+ and Binh Dinh Provincial People’s Committee signed a MOU

This is an honor for C+ and a significant step forward in the collaboration between C+ and the local government to promote and attract foreign investment into Vietnam.

Source: Multiple sources

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