Binh Phuoc Province grant licenses to 46 projects worth US$2 billion

The southern province of Binh Phuoc granted investment licenses to 46 projects, worth a total of US$2 billion, at an investment promotion conference held on December 23.

Deputy PM Truong Hoa Binh speaking at the investment conference.
Deputy PM Truong Hoa Binh speaking at the investment conference.

The figure is twice that recorded at a similar event in 2018 and includes US$823 million in manufacturing, US$763 million in renewable energy, US$214 million in agriculture and US$200 million in commerce, services and industrial infrastructure.

According to Binh Phuoc Chairman Tran Tue Hien, the province currently has 13 industrial parks covering 4,686 hectares in total, with eight having completed their infrastructure and commenced operation.

In 2020 Binh Phuoc’s export revenue is expected to reach US$2.84 billion, up 7.33% from last year.

Speaking at the conference, Deputy Prime Minister spoke highly of the province’s efforts to improve the business environment and asked provincial leaders to seize on the opportunity to welcome large investors.

He suggested that the province should give priority to developing transport infrastructure, creating breakthroughs in administrative reform and making the local business climate friendly and attractive to investors.

The Deputy PM also asked investors to fulfil their commitments on disbursement, comply with environmental protection regulations and be socially responsible.

On the same day, Deputy PM Truong Hoa Binh attended the inauguration ceremony of the CPV Food manufacturing complex at Becamex Binh Phuoc Industrial Park.