FOREIGN ECONOMIC RELATIONS Updated at 10:18:12 11/29/2018  (Views:  648 )
Binh Thuan to step up foreign di

Binh Thuan to step up foreign direct investments

BTO – Over the past 4 years (from 2015-2018), Binh Thuan has put every effort to lure as many as foreign direct investment (FDI) and official development assistance (ODA) from non-Government organizations (NGOs).

At an investment promotion conference held in Binh Thuan in 2017

Accordingly, over the past three years (2015-2018), the province has attracted 348 projects with a total registered capital of VND 116 trillion, including 18 foreign direct investment (FDI) projects worth USD 85 million. As of now, the locality has effective 107 projects, worth USD 3,243.5 million, focusing on areas of tourism-service, industry-construction.

During this period, the province has received 21 programs/assistance projects from NGOs, worth USD 4,581,859. As of October 2018, the whole province has granted 14 programs/projects from operative NGOs.

For 2015-2018 periods the locality has received additional 5 official development assistance (ODA) projects, with a total preferential loan of VND 735,922 million. As of Q3/2018, Binh Thuan has 10 ODA-funded projects in areas of socioeconomic infrastructure, agricultural and rural development, irrigation, education, environmental protection, response to climate change and implementation of green growth strategy.

 

The People’s committee of Binh Thuan province assigned the Department of Planning and Investment as clue agency to give advice and assistance for the ODA project in the province. In addition, the province also keeps on monitoring and supervising projects/programs for better implementation as stipulation.

Notably, the province’s socioeconomic development in the recent years has sharply increased thanks to the ODA programs and projects from NGOs.

Translated by My Thien (Source; Binhthuan.gov.vn)

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