The south-central province of Binh Thuan should pay due attention to building a constructive administration which is able to handle challenges for both locals and investors, Deputy Prime Minister Truong Hoa Binh said on September 22.

Deputy Prime Minister Truong Hoa Binh addresses the investment promotion
conference in Phan Thiet city, Binh Thuan province. (Photo: VNA) 

Attending the province’s investment promotion conference in Phan Thiet city, Deputy PM Binh ordered the locality to continue building a good investment climate and outlining attractive policies to lure more strategic investors, aiming to create a driving force for local sustainable development.

 To do so, good planning management should be made in the three core sectors of clean energy, tourism, and high-tech agriculture, he suggested, stressing the importance of planning for coastal urban.

 Deputy PM Binh said as Binh Thuan province possesses huge potential to develop renewable energies such as wind and solar power, and green tourism, it should work to attract key investments, and branch out tourism in tandem with high-tech agriculture so as to create standout tourism products.

 He urged the province to make full use of its resources to accelerate and improve quality of economic growth in order to turn itself into a well-developed locality in the south-central coastal area, and the Central Highlands region.

 At the event, Binh also expressed his hope that the investors will have long-term business strategy, and exercise their corporate responsibility while landing investment in the province.

 The province has attained significant advancement in the economic development since it organised the first investment promotion conference in 2017. It has granted investment licenses for 264 projects with a combined registered capital of over 53 trillion VND (2.28 billion USD).

 At this year’s conference, Binh Thuan introduced its strengths, potential, and priority projects in tourism, high-end entertainment complexes, urban areas, processing industry, renewable energies and smart agriculture to the investors.

 Under the witness of the Deputy PM and leaders of ministries and sectors, Binh Thuan province presented investment intention decisions to 11 projects valued over 23 trillion VND. Meanwhile, the provincial People’s Committee signed a Memorandum of Understanding on registering investment for 14 projects worth 20.32 billion USD in various sectors.