Binh Dinh province ready to rise up
Binh Dinh province ready to rise up
With an established strategy, Binh Dinh province is integrating deeply into the international community by expanding cooperative relations and calling for investment in all fields.
Binh Dinh leaders have committed this year to overcome all challenges to implement the goals for 2025 with a view of ensuring the targets for the entire 2020-2025 term. This, they say, will be a solid foundation for Binh Dinh and the whole country to enter a new era of development.
Pham Anh Tuan, Chairman of Binh Dinh People’s Committee, said that the province is focused on maximising potentials and comparative advantages, while mobilising all resources to gain more investment and development. The regional GDP growth target for 2025 is set at 7.6-8.5 per cent, striving to reach over 8.5 per cent.
“With that, all levels and sectors need to thoroughly grasp the goals and solutions, and clearly identify the key tasks that need to be focused on to ensure the completion of the targets,” Tuan said.
“Each department, sector, and locality must develop a specific, unified, and consistent implementation plan for all levels, focus on reviewing and proposing key tasks, and create room for the transformation of Binh Dinh province according to the provincial planning,” Tuan added.
Tuan requested that the heads of agencies, units, and localities must demonstrate their responsibility to set an example, and be proactive, creative, and innovative. “The province needs to step up the direction and implementation of key tasks and solutions in 2025 with the spirit of setting an example, being disciplined,” he said
There was also a request to review and implement plans to arrange and streamline the organisation of the political system according to the direction of the central government.
Binh Dinh persistently develops its socioeconomic development according to the growth pillars of industry, tourism, port services and logistics, agro-forestry-fisheries, and the urban economy. Along with that, the province aims to solve three issues: improving competitiveness; attracting high-quality workers; and perfecting a modern infrastructure system, especially with traffic.
Ecotourism and resort destinations are a key area for the province’s development |
Foundation for development
According to Binh Dinh People’s Committee, in 2024, the province disbursed $352 million, reaching 98.5 per cent of the plan approved by the People’s Council. Thanks to that, Binh Dinh is in the top five localities in terms of disbursement of public investment capital in the country.
The Binh Dinh Traffic Project Management Board said that the unit has focused on improving the quality of works funded by the board. Similarly, other management boards such as those on agricultural and rural development, civil and industrial ventures, and economic zones all achieved high disbursement rates of over 80 per cent.
At the district level, localities such as Quy Nhon city, Hoai Nhon town, Phu My, and Vinh Thanh also achieved disbursement rates of over 80 per cent and as high as 98 per cent of the total capital allocated by the province.
The Binh Dinh Department of Planning and Investment said that the province has urged investors to speed up payment of completed volume and flexibly regulate capital. At the same time, capital has been transferred from slow-progressing schemes to those with strong construction volume.
Along with that, Binh Dinh Department of Finance is also actively supporting financial backers in entering estimates on the budget management system, ensuring capital sources for payment and settlement of public capital.
“We prioritise the arrangement of funds for compensation, site clearance, and advance payment for completed works according to the plan arranged by the People’s Committee, in order to create conditions for them to be implemented smoothly,” said Nguyen Thanh Hai, director of Binh Dinh Department of Finance.
In 2024, regional GDP increased by 7.78 per cent, ranked 26th out of all localities nationwide and sixth among 14 localities in the north-central and central coast regions.
Open opportunities
Last year, the south-central province attracted 73 projects with a total registered capital of $768 million, an increase of 16.5 per cent compared to 2023. Some 115 schemes have been adjusted to increase capital by a total of $86 million, and six worth $13 million overall are being considered for investment selection this year.
The Binh Dinh Investment Promotion Centre has sets out key attraction orientations. These include tourism continuing to be the economic pillar of the province; a focus on education, training, science, and medical projects; industrial park (IP) and cluster infrastructure development; high-tech agriculture; and boosting processing and manufacturing industries.
The centre’s director Nguyen Bay told VIR that the infrastructure of Hoai My and Hoai Nhon-Phu My IPs are expected to engage large industrial production initiatives, contributing to promoting the development of local processing and manufacturing.
“Phu My port will be an important hub connecting trade, not only serving domestic freight transport needs but also expanding to international markets. Upgrading Phu Cat airport and its infrastructure will also improve passenger and cargo transport capacity, while encouraging tourism and trade,” Bay said.
International-scale projects in Tan Thang, La Vuong, and Bai Con featuring high-class ecotourism and resort destination is another key area to not only exploit the natural potential to the fullest, but also contribute to advertising the local image internationally.
“Binh Dinh province is also committed to creating maximum conditions to pull in large-scale secondary industrial production. This will help increase the value of industrial production, create jobs, and contribute greatly to the local budget,” Bay said.
