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Binh Dinh is committed to "rolling out the carpet" to welcome investors

October 4, 2022 | News

During the investment promotion trip to Korea, the leader of Binh Dinh province pledged to create the best conditions for these national enterprises

A bright spot in investment attraction of the Central region

Binh Dinh Investment Promotion Center said that at the Korea University of Technology, the delegation of this province and the leader of Becamex Binh Dinh Joint Stock Company had a working session to promote investment in Binh Dinh.

The meeting was supported and connected by the Rector of the Korea University of Technology, representatives of more than 20 Korean enterprises, and the Korea University of Technology training institutes.

Mr. Nguyen Tuan Thanh, Standing Vice Chairman of Binh Dinh Provincial People's Committee, introduced the province's potential, advantages, and investment attraction policies at the meeting.

According to Mr. Thanh, despite being affected by the COVID-19 pandemic, the province's investment attraction is still a bright spot with impressive indicators.

With many efforts in investment promotion and support, Binh Dinh has promptly reviewed, adjusted, and supplemented many policies, innovated its approach, and given drastic directions to improve the investment environment. Doing business in order of transparency creates the most favorable conditions for businesses. Now, Binh Dinh is considered a bright spot in attracting investment in the Central region.

Standing Vice Chairman of Binh Dinh Provincial People's Committee committed that the province always invites and creates the most favorable conditions for investors to study investment and business cooperation opportunities.

"Coming to Binh Dinh, businesses will not face any barriers because we are strongly committed to supporting investors from forming ideas, looking for investment opportunities, to building projects and deploying operations quickly and effectively," said Mr. Thanh.

Korean enterprises want to invest in industrial park infrastructure.

Also, at the meeting, Korean businesses expressed interest and asked many questions to provincial leaders.

Many questions mainly focused on human resources, land rent, socio-economic infrastructure, fields that Binh Dinh invites as well as an in-depth understanding of the preferential policies of Binh Dinh. Some investors are interested in being industrial Park infrastructure investors for Korean businesses.

Besides, at the meeting, Becamex Binh Dinh Joint Stock Company introduced an overview of Becamex VSIP Binh Dinh Industrial Park. Currently, this industrial park has an area of ​​1,374 hectares, of which 1,000 hectares are for industrial development. The remaining space is for service and urban development, meeting all the land rental needs of construction investors.

In addition, Becamex VSIP Binh Dinh Industrial Park has many favorable conditions for Korean investors to invest in products, such as 25km from Quy Nhon international seaport, 30km from Phu Cat international airport, Dieu Tri station 9km, located next to the city center. Quy Nhon…

When investing in Becamex VSIP Binh Dinh Industrial Park, businesses will enjoy tax incentives from the Vietnamese government (10% tax rate for 15 years, exemption for the first four years and 50% exemption for the next nine years, the exemption for the next nine years of import tax to create fixed assets…).

According to the Investment Promotion Center of Binh Dinh Province, the Korea University of Technology has links with 20,000 member enterprises throughout the Korean territory. The university-enterprise partnership model (research, transfer, and development) is trending and popular in Korea.

Before that, the delegation also worked with leaders of the Korea University of Technology, Korea Energy Institute, Korea Innovation Institute; Nano Carbon Technology Center; Gyeonggi Regional Headquarters Industrial Park Management Board.

This investment trip aims to promote information, potential, favorable conditions, opportunities, and policies to encourage investment in the province, especially Becamex VSIP Binh Dinh.

At the same time, they are creating the image of Binh Dinh as an ideal destination for domestic and foreign investors, especially Korean investors, where favorable conditions for developing large-scale, modern, and diversified projects in investment fields are converged.

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