Illustrative image (Photo: bqlkcn.binhthuan.gov.vn)
The south central province of Binh Thuan is getting stricter with delayed investment projects while continuing to optimizing Government and local incentives for investors.
The provincial Department of Planning and Investment regularly inspects delayed projects in order to scrap licences of those invested by incapable investors and at the same time to give timely assistance to those hindered by outside difficulties.
In 2016, the provincial Department of Planning and Investment inspected 83 projects that ran behind schedule and proposed revoking licences of 21 investment schemes.
Meanwhile, the province continues to offer support to investors such as credit for workforce training, technology transfer and market expansion, according to Chairman of the provincial People’s Committee Nguyen Ngoc Hai.
Located in the intersection of the Central Highlands, Mekong Delta and South Eastern economic zones, Binh Thuan has strengths for the development of seafood processing, construction material production, handicrafts, mining and tourism.
As of April 2017, there are 1,281 valid projects with total investment of 233.6 trillion VND (10.3 billion USD) operating in the province. Among them, 113 projects worth 3.6 billion USD are run by foreign investors./.