The Binh Dinh Investment Promotion Conference 2024, organized by the Binh Dinh Provincial People's Committee on the afternoon of March 29, was attended by Deputy Prime Minister Tran Luu Quang, Minister of Information and Communications Nguyen Manh Hung, leaders of central ministries, localities and more than 500 domestic and foreign enterprises.

In particular, the conference was also attended by 6 billionaires from Thailand, Korea, Singapore, and UAE.

Speaking at the conference, Mr. Bader Almatrooshi, Ambassador Extraordinary and Plenipotentiary of the United Arab Emirates (UAE) to Vietnam, assessed that Vietnam has demonstrated its capacity by attracting approximately 500 billion USD in accumulated foreign direct investment (FDI).

According to Mr. Bader Almatrooshi, given Vietnam's potential in maintaining growth, countries - including the United Arab Emirates - have been looking for opportunities to increase investment in Vietnam.

CEO Nexif Ratch

“Many Vietnamese and UAE businesses have participated in discussions on cooperation and hope to soon receive positive results,” said Mr. Bader Almatrooshi.

Meanwhile, CEO of Nexif Ratch Energy SE Asia Pte., Ltd (Singapore), Mr. Cyril Dissescou, commented that Binh Dinh province has a favorable geographical location in the Central region, easily accessible by road, rail, air and through seaports. The local government has policies to encourage economic development towards industry with adequate infrastructure and a highly skilled workforce.

The rapid expansion of industrial parks and industrial clusters will rapidly increase the demand for electricity, especially the demand for electricity produced from renewable energy.

There will be about 143 MW of onshore wind power capacity allocated in Binh Dinh by 2030 after the plan to implement Power Master Plan VIII is approved, creating favorable conditions for renewable energy developers such as Nexif Ratch Energy to expand their business in the province.

The conference was attended by more than 500 domestic and foreign enterprises, including 6 billionaires from Thailand, Korea, Singapore, and UAE.

At the conference, the People's Committee of Binh Dinh province granted decisions approving the investment policy and certificates of registration for 4 projects, with a total capital of 1,059 billion VND.

Including the project of concentrated agricultural and forestry production and processing area of Vina Nutifood Binh Dinh Joint Stock Company with an investment capital of 496 billion VND; the project of seafood processing factory of NSF Group Seafood Import-Export Company Limited, with a total investment capital of 225 billion VND; the project of Ca Mau Fertilizer Production Factory - Binh Dinh facility of Ca Mau Petroleum Fertilizer Joint Stock Company with a total investment capital of 120 billion VND.

Finally, the Cat Nhon 110kV Transformer Station Project and the connection of the 110kV line to the Phuoc An - Pho Don 220kV switching station of the Central Power Corporation, with a total investment of 218 billion VND.

The Provincial People's Committee also granted a memorandum of understanding to study and invest in 17 investment projects in 4 areas: industrial and agricultural production; information technology; human resource development; development of trade, tourism and investment services.

Binh Dinh grants investment policy decisions, investment registration certificates and memorandums of understanding to investors.

In the field of industrial and agricultural production, there are up to 10 investment projects of Bangkok Assay Office Group (Thailand), such as: Logistics service center; research, training, technology, software and artificial intelligence production area; fast-charging battery factory; cosmetics production; container production; agriculture, plant varieties, soil improvement; education - training - medical facilities; application of artificial intelligence in the medical field; treatment facilities for critically ill patients; processing seawater into fresh water (pilot in Nhon Chau commune, Quy Nhon city).

In addition, there are also notable projects, typically: Binh Dinh Province Green Growth Project of Enery Capital Vietnam Energy Investment Fund; Nexif Ratch Binh Dinh Wind Power Plant of Nexif Ratch Energy SE Asia PTE., LTD Group, with a total investment of VND 5,500 billion; Food, Agricultural and Seafood Processing Factory project of Dan On Food Joint Stock Company with a total investment of USD 10 million.

In the information technology sector, there is a project called Big Data Center of Hanoi Telecommunication Joint Stock Company, with a total investment of 125 billion VND.

In the field of human resource development, there is a project to attract, train and develop high-quality human resources in Binh Dinh province of Saigon Telecommunications - Technology Joint Stock Company...

Diem Phuc - Ho Giap - N.Hien